How Can a Fractional CFO Transform Your Bottom Line?
By Paul Gibbins on Nov 23, 2024 10:15:00 AM
How Can a Fractional CFO Transform Your Bottom Line? One of the key factors in achieving business success is having a solid grasp of your finances. A deep understanding of costs and insight into where profit is made and lost is essential to support effective strategic decision-making. However, finan …
How to Use Management Accounts Effectively
By Paul Gibbins on Sep 2, 2024 9:15:00 AM
Why Every Business Should Have Management Accounts Management accounts are a vital tool for businesses to make informed decisions and plan strategically. Unlike financial accounting, management accounting focuses on providing internal financial information to key decision makers such as CEOs / Manag …
What Is Gross Profit & Why Is It Important In Business?
By Paul Gibbins on Oct 21, 2023 8:45:00 AM
What Is Gross Profit And Why Is It So Important In Business? Understanding the concept of gross profit is paramount to business success. It serves as a cornerstone for evaluating a company's financial health, making strategic decisions, and ensuring long-term sustainability. Yet despite this, many S …
The Benefits of Management Accounting: Why Every Business Should Use Management Accounts
By Paul Gibbins on Jul 3, 2023 10:00:00 AM
The Purpose of Management Accounts Insightful management and financial information is crucial for effective decision-making in business. Gut instinct or intuition alone is never enough – the best business decisions are based on fact. Management accounting plays a vital role in providing directors wi …