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WEBINAR

Accounting and bookkeeping for SMEs

Michael Austin
Michael AustinBlue Dot Consulting Limited

Posted: Thu 7th Nov 2024

Running your own business is great but you also need the numbers, even though numbers aren't for everyone.

Start with:

  • How much profit are you making?

  • What does your cash flow look like?

  • Who owes you money?

  • Who do you owe money to?

  • How much tax will you pay?

This video summarises what financial information you need and how you go about producing it.

Relevant resources

Michael Austin
Michael AustinBlue Dot Consulting Limited
I work with the MDs of SME businesses and help them improve profitability and cashflow through common sense financial management. I focus on the following areas: profit improvement cashflow good bookkeeping understandable financial information embracing useful technology Get these right and you have a good foundation to grow profitably in the future. I'm the founder and MD of Blue Dot Consulting Limited, a chartered accountancy practice in South West London which I set up around the turn of the century. I've never hired colleagues who have only worked in accountancy firms, preferring the real-world experience of finance profesionals who have worked in real businesses - perhaps like yours. Much of what I've seen and learned over the years is reflected in my blog. You won't find much that's typical accountanty stuff on there - but you might find one or two things that are helpful.

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