Management accounts, live dashboards and knowing where the business actually makes money. Annual accounts tell you what happened. These pieces are about getting figures early enough to act on them.
Your profit and loss statement shows whether the business made money over a period. Here is how to read it line by line and what to look for.
Your bookkeeping already holds most of the information you need to run the business. Turning it into regular, focused reports helps you spot problems earlier and decide with more confidence.
Revenue comes down to how many customers you have, how often they buy and how much they spend. Knowing which driver is moving shows you where to focus.
Most bookkeeping problems in small businesses come from the same handful of habits. Here are five we see often, what they cost and how to put them right.
Depreciation spreads the cost of an asset over the years you use it. Here is what it is, how it is calculated and why it does not reduce your tax bill.
The job splits into extraction, presentation and interpretation, and the three tools are strong in different columns. Two of those layers are commoditising fast. The third is the one worth selling.
Xero is excellent at recording what happened and adequate at telling you what it means. Where the line falls, why the spreadsheet in the middle is a liability, and when you should build nothing at all.