Surplus cash is the excess a company has which is not required for day-to-day operations or for future expenditure. If a company is profitable, over time it may find that surplus cash reserves have built up. Assessing how much surplus cash the business has will often...
We all lead such busy lives that the day-to-day task of bookkeeping is something that can often fall by the wayside. Should this be the case? Bookkeeping and keeping your accounts up-to-date can be as important as generating new business. From your records you should...
As we enter a period of significant uncertainty in our economy, is your business ready to deal with the challenges it may face in the next few years? With increasing interest rates, soaring energy prices and inflation at a modern day high, the impact on your business...
I recently read an article questioning if small businesses should be required to prepare accounts. The author argued that a small business owner knows how well their business was doing by the customers coming through the door and the cash balance in their bank. In...
In August, like many people of my age, I read, with some sadness, about the death of Gerd Müller, the legendary German striker. I always have that image of him hooking the ball past Peter Bonetti to knock us out of the 1970 World Cup quarter final. Müller was a...
Many companies will experience short-term trading and cashflow issues during their lifetime. If these become significant and the company is unable to recover, then the Directors may need to consider placing the company into insolvency. In law, a company is insolvent...