Budget vs Forecast; why creative agencies need both

Budget vs Forecast; why creative agencies need both

In June a report by the Creative Industries Foundation and Creative England stated that creative industries generated 2 millions jobs yet only 38% had a business plan or forecast. Trying to make decisions without knowing the outcome is difficult at best. You could say...
Will Making Tax Digital be postponed?

Will Making Tax Digital be postponed?

Since its first announcement, there have been groups calling for the delay of Making Tax Digital and a recent report from the British Chamber of Commerce states 24% of businesses have still never heard of MTD.

Real-time Accounting vs. the old way: There’s only one winner

Real-time Accounting vs. the old way: There’s only one winner

According to a report published by Xero in 2017, 18% of accountants are still running ledgers with pen and paper. It’s time we said “out with the old approach, and in with the new!” which is we wanted to pit them against one another and, in this blog post, show you why there’s only one winner.

Using forecasts to prevent cash flow issues

Using forecasts to prevent cash flow issues

USING FORECASTS TO PREVENT CASH FLOW ISSUES In the last two weeks we’ve looked at how to improve the flow of cash into your business as a method to cope with poor cash flow, however, we see the most important part of cash flow management as the ability to see the...