Category Archives: Financial Management

Financial Management advice from CB Reid Business Support

Moving with the big guys!

It seems that even small and micro businesses will be required to change the names of our financial reports in the not too distant future. Here's how it goes: Profit and Loss Account - STATEMENT OF COMPREHENSIVE INCOME Balance Sheet - STATEMENT OF FINANCIAL POSITION Fixed Assets - NON CURRENT ASSET Long Term Liabilities - NON CURRENT LIABILITIES Interesting...
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  It's great to have a good turnover and watch it increase as your business grows. But is high turnover essential? At a breakfast meeting recently a colleague said to me - always remember TPC.  Now to be honest, I hadn't a clue what he was talking about, but when he explained it got me thinking. Turnover is Vanity Profit is...
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