Recently updated on 14 May 2020 at 2 pm Over the last couple of weeks since COVID-19 pandemic started, the Government announced many forms of support for small businesses and employees in Ireland. We are monitoring the situation and posting updates on our website regularly. Below you can find our guidance on what forms of …
I am writing this blog post in exceptionally challenging circumstances as COVID-19 pandemic is unfolding. This is a very difficult time for all businesses in Ireland. I am aware of how much pressure it puts on Irish small businesses and how much it threatens their existence. At this time, it is extremely important for every …
This is a very difficult time for all businesses in Ireland. For many of them it is a question of survival. At this time, it is extremely important for every business to manage money efficiently. Particular attention should be paid to identifying potential cost savings and proper planning for future expenditures. Businesses may be affected …
Managing money in a small business can be challenging for every entrepreneur. It doesn’t matter if your business is in the early stages of existence or if it is mature. As a business owner you have to keep control over how much money you receive from customers and how much you spend. Without proper cash …
You have probably heard the term “management accounts” before. But can you tell what it means exactly? Is it the same as financial statements or just accounts? What do they consist of and what are they used for? And finally, is it worth investing your time and money in preparing them on a regular basis? …
Chief Financial Officer is one of the most important roles in a company. CFO is responsible for managing the finance function, providing financial forecasting, budgeting and analysis of business performance. The officer is also responsible for planning and leading the long-term financial strategy. What actually is a Virtual CFO? Many small businesses are in need …
Most businesses in the early stages of existence struggle with managing their cash flows. The fact is that majority of them fail because of these problems. You can avoid it easily by proper planning. This is called cash flow forecasting. What actually is a cash flow forecast? Cash flow forecast is a tool which helps …