What is cash flow and why does it matter to my business?

What is cash flow and why does it matter to my business?

We often speak to businesses who are frustrated that they’re profitable but have no cash…’how come I have to pay tax if I’ve got no money?’, sound familiar?  In this blog we’re going to look at why cash is king, what is cash flow and how and why you monitor it in your...
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...
Xerocon 2017 – Why it’s important for small business

Xerocon 2017 – Why it’s important for small business

Last week we attended Xerocon 2017, Xero’s annual UK conference and whilst it may have a delegate list of accountants, it’s far from an accounting conference. It’s about tech and small business and that’s why we’re sharing our findings with you. For us it was Xerocon...
Managing currency differences using Xero

Managing currency differences using Xero

  Currency exchange rates fluctuate constantly and for businesses that trade across currency boundaries, there will be gains and losses.  With the dramatic effects on the Pound caused by Brexit, businesses may currently be seeing bigger differences than usual....