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Bridging the Gap Between Operations and Finance

Bridging the Gap Between Operations and Finance

Yesterday, I was asked for more context about “bridging the gap between operations and finance”. That phrase was said to me by a participant after a training workshop and I felt that it is a good summary of what I try to do. I was a late convert to accounting, having...

Doing Business in a Time of Crisis

Doing Business in a Time of Crisis

In early December last, I participated in an online Webinar Series organised by Udaras na Gaeltachta. The theme of the series of “Webinars was Doing Business in a time of Crisis” and my topic was “Regenerate Your Business”. Here is a recording of my...

Business Planning Interview with Enterprise Ireland

Business Planning Interview with Enterprise Ireland

A while ago I spoke on business planning at an Enterprise Ireland event. Afterward, they recorded a short interview with me about business planning. Here is the video. You can also view the video on the Enterprise Ireland website. [video width="1280" height="720"...

Most Common Problems with Product Costs

Most Common Problems with Product Costs

Over the years I have found out that most clients are not confident in the product costs. Unfortunately, if the costs of the products are wrong then their product prices may be incorrect.  They could be too expensive,  losing them business, or possibly they could be...

What is a VIES Return?

What is a VIES Return?

Over the past year, I have been getting questions from clients about VIES. Typically, a client has received a letter from Revenue advising them that they should be submitting a VIES Return. However, the clients typically don’t know what VIES is and have no idea how to...

What Does An Outsourced Financial Controller Do?

What Does An Outsourced Financial Controller Do?

If you struggle to get reliable financial information, or you cannot understand the information that you are getting, then you should consider taking on an outsourced or part-time financial controller. I was talking with a business owner recently who is running a...

What KPIs should I use?

What KPIs should I use?

One question that business owners regularly ask me is "what KPIs should I use?".  Most business owners are familiar with the idea of KPIs and they understand that they should have them but they are not sure where to start. I have been working in management for over 20...

Which Is The Right Type Of Accountant For You?

Which Is The Right Type Of Accountant For You?

Which type of accountant is right for you? Do you need to hire an accountant but you don’t understand all the different types of accountants and how they differ? Your relationship with your accountant is very important. A poor decision could have negative...

Assess your Financial Management Capability

Assess your Financial Management Capability

The financial management capability of Irish SMEs varies significantly. I have been working with many Irish SMEs over the past 20 years. During this period I was helping them to assess and improve their financial management capability.  Over time, I have observed a...

Why you always get unexpected Financial results

Why you always get unexpected Financial results

Have you ever been presented with a set of accounts where you get unexpected financial results?  It’s really frustrating. Maybe you’ve had a very busy period with strong sales and you are expecting to see a very healthy profit in your accounts.  In contrast, you have...

Managing Foreign Exchange – Preparing for Brexit

Managing Foreign Exchange – Preparing for Brexit

In the past few months, I have been getting more and more questions from exporting companies who are worried about managing foreign exchange after Brexit. There are a number of areas that cause concern but two, in particular, are common for the companies I have been...

Using Your Accounts To Manage Your Business

Using Your Accounts To Manage Your Business

https://youtu.be/wAlCNHEgfFo Hello, Do you ever wonder how some businesses are able to use their accounts to help them manage and improve profitability?  In this short video, I will give you an approach that will change how you think about, and how to use accounts to...

Who AccountsPLUS are NOT a good fit for

Who AccountsPLUS are NOT a good fit for

I know that AccountsPLUS is not going to be a good fit for everyone. Over the years, I have worked with many different colleagues and with many different clients.  As I review my experiences, I realise that there are some types of clients who don’t benefit from my...

Form of Business – Sole Trader v Limited Company

Form of Business – Sole Trader v Limited Company

Which form of business? If you are starting out in Business, you have several decisions to make.  A key decision is to decide which form of business to use.  Will you trade as a sole trader or will you trade through a company? You may not fully understand the...

Common Problems when working with accountants

Common Problems when working with accountants

If you are a business owner, you probably have an accountant. Sadly enough there are some common problems that arise when working with accountants. Having a good relationship with your accountant is very important.  This is because your accountant prepares and helps...

Review of Collsoft Payroll 2018

Review of Collsoft Payroll 2018

Your Payroll needs to be well managed Most business owners I know are a little bit frightened of payroll. If you don’t manage it properly, you can end up with a big bill at the year end.  If you agree to pay an employee's wages on an after-tax amount – agreeing to...

Review of Sage 50 Accounts

Review of Sage 50 Accounts

Choosing new accounts software can be a challenge.  You want something that you can use yourself so that you won’t always be dependent on someone else.  You want it to be reliable so that when your review your Profit and Loss you can believe it and you can be...

How much does it cost to prepare financial projections

How much does it cost to prepare financial projections

You are considering getting financial projections prepared but worried about how much this might cost. You have probably heard a lot of numbers bandied about.  I have heard of business paying up to €5,000 for a set of projections.  Some of those numbers can be quite...

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