Working capital is the finance used to maintain the everyday trading operations, like payment of salaries, payment of suppliers and other financial transactions required to keep a company afloat. It’s the difference between assets at the Read more
Monthly Archives: November 2015
Improve cash flow by reducing debtor days
The ultimate objective for a company is to expand and increase profits. For many businesses, this means that more cash is required to fund that growth, invest in equipment and a larger workforce, and also fund credit Read more
How claiming allowances can benefit your company
Claiming allowances is a relatively simple way to reduce a company’s gross profits, so that less tax is payable at year end. There’s a large number of allowances available, all with varying criteria, with some Read more
Benchmarking and how it will help your business
Benchmarking is a process used by companies that want to compare and improve their performance. Rather than just comparing data from your own business to others in the same sector, the statistics can be used to improve processes and ultimately, improve profits. Identifying areas which need improvement can reduce Read more