Prosper Bailey

Everything You Need To Know About Balance Sheets

The Balance sheet is one of the three fundamental financial statements and is key to both financial modelling and accounting. The balance sheet displays the company’s total assets, and how these assets are financed, through either debt or equity. It can also be referred to as a statement of net worth, or a statement of financial position. The …

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calculator, calculation, insurance

Hire A Part-Time Finance Director: Top 5 Reasons Why You Should Hire One

In this blog, we discuss all about how hiring a Finance Director can impact your bottom line. Well, first and foremost, why do you need a Finance Director? What is the role of a Finance Director? Well, the truth is – It’s hard work running a business and then all the paperwork and finance management. …

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Top 5 Cash Flow Mistakes Small Business Owners Make

In this blog, we discuss all the common Cash flow mistakes that small businesses make. No matter how great your business model is, how profitable you are or how many investors are interested in supporting your business, you can’t survive if you can’t manage your company’s cash flow. In fact, a prominent study from the financial services company U.S. …

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Top 5 Benefits of doing Regular Management Accounts

Business owners and their management teams face a huge number of decision-making situations on a daily basis, so accurate management accounting is essential for providing insights and business information. Management accounting uses your ongoing business information to produce reports on subjects such as business performance, profits margins and labour utilisation. Using this valuable source of …

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Small Businesses: Financial implications of Brexit

Brexit impacts everybody living in the UK. However, small businesses have always faced an immediate requirement to adapt because free trade in both goods and services across the European Union (EU), as well as the free movement of employees, are set to change. An earlier Sage survey showed respondents cite as important a need to …

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What small businesses can do during the pandemic?

As a small business accounting company in Chester, we work with a lot of small businesses on a daily basis. Unfortunately, these are unprecedented times and nation’s small businesses are facing a lot of economic disruption due to the coronavirus (COVID-19) outbreak. Are you a small business struggling to stay afloat during the pandemic? Currently, …

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