The secret weapon helping businesses run better: BookCheck expert insight With the help of bookkeeping and accounting experts BookCheck, SoGlos reveals the simple tool that could make all the difference to your business profitability. Getting up-to-date management accounts to help businesses make decisions isn’t reserved just for big companies – small businesses can access this valuable information with the help of  bookkeepers, BookCheck. READ MORE

Online working or Onsite? Our work of book-keeping with management accounts plus a payroll bureau was about 85% online before Covid-19, now of course it’s 100%.  READ MORE

In our 25 years of experience we often take on clients with issues, often unknown, surrounding their management accounts. If you’re serious about improving you profitability then naturally you’ll ensure that you receive promptly, every month, the key information, both financial and non financial, that you need to run your business effectively and efficiently. READ MORE

All companies need to file statutory accounts every year but it’s an open question as to how much value if any this information provides to the business. The issues include: READ MORE

Whatever you do, don’t follow this path. This is based on a recent client story. A familiar situation, cash is tight, even worse you’re making a loss. So the cash is getting even tighter. So you naturally push the sales button even harder and spend more time pursuing customers. Seems a sensible idea, so why not? READ MORE

Quality Management Information The business world is divided into the haves and have nots - which one are you? Some have nots want it and others don't - fair enough, as there's no point in complicating matters if the information is not going to be used to increase profitability or value. What's interesting, at least from our perspective, are the businesses that don't know whether MI would be of benefit because they don't have the experience. So here are a few thoughts to help this group. READ MORE

Put business people together and it won’t be long before someone mentions outsourcing. It might be in the context of freeing time for the other activities you’re told you must do to compete in the market place. Or to do with concerns about maintaining service quality. Or even the difference between outsourcing and offshoring. Whatever the reason, the consensus is increasingly likely to favour outsourcing. READ MORE

The First First Last week I addressed a CIMA evening seminar in Bristol. It was my first ever presentation to a purely professional group and the subject was Management Accounting for Growth. It was a beautiful evening so I was hoping that we would manage as many as half a dozen in the audience. Imagine my surprise to find 40 had turned out and just about everyone took a brochure home. The Second First READ MORE

Years ago I attended a retirement party in London for the FD of a top company during which, after no doubt a few glasses of wine, he made this observation to me in terms of career advice. I was struggling with the words that evening but worked it out the next day. READ MORE

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Why outsource or more positively why not? Outsourcing used to be something that was just for very large organisations. Increasingly though, small and medium sized businesses are realising the benefits of outsourcing some of their functions to reduce costs, increase resilience and allow them to do what they do best, run their own business. READ MORE

   Our strapline sounds good and seems reasonable but what is a realistic expectation and how do we prove it  - that's our challenge. Years ago I was the Financial Controller for parts of very large companies - Unilever, Marsh & McLennan, TV Times, Time Life and Times Warner. Naturally I reported monthly otherwise I would have been shown the door pretty quickly. READ MORE

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