Every business, from its inception to ongoing development, requires funding at various stages. Choosing the right funding solution and source can significantly impact your business’s success. At Horsfield and Smith, trusted North West accountants, we provide expert...
As a manufacturing or product-based business, you must prioritise efficient stock management. This is crucial for running a smooth operation. However, our approach to managing stock and inventory has changed radically over the past decade. This shift is largely due to...
Keeping on top of your cash flow is even more important during tough economic times. With a global slowdown on the cards, energy prices soaring and supply chain challenges, cash is likely to be tight over the coming year and beyond. Cloud technology and fintech apps...
You don’t have to spend long running a business before you realise how important cash flow is: the balance between money coming into your company and the money going out on a weekly or monthly basis. Cash flow issues are one of the most common causes of sleepless...
To understand the financial position of a business at a specific point of time, look at the balance sheet. The balance sheet may also be called the Statement of Financial Position. Together with the Profit and Loss Statement, and possibly other reports such as the...
With most of the Government’s Covid financial support schemes now closed, the Recovery Loan Scheme (RLS) has been a last route to funding for many Covid-impacted businesses. The RLS was scheduled to end on 31 December, putting a very final full stop on...
