Finance
Latest Finance Articles
Essential tips for credit control
Credit control can be described as the process of ensuring customers pay their invoices on time, and the system in place to resolve the issue if they don’t. Cash flow has been covered in another chapter of this book. Credit control is a vital part of controlling that cash flow.
Tax planning in its simplest form
Nearly everyone who has their business up and running will want to make sure they’re claiming expenses to reduce their tax bill. However, there are a number of rules that need to be followed.
Reducing costs in your business
Before we look at “how?”, let’s start with “why?”. Should costs be a priority, or is the most important thing increasing the sales line?
The tortoise versus the hare!
Over recent years the commercial finance brokerage market has seen the rise of the ‘on-line’ brokerage models. These are aimed at providing ‘all market coverage’ and focusing on ‘speed of delivery’ to service the ‘need’ they believe SME businesses have.
How do I work out my break even point and does it even matter?
In its simplest terms, a break even point is reached when your total revenue matches your business costs and your business is not making either a profit or a loss. Anything generated above this point is a profit.