Financial Management
There are certain activities that your business carries out that can be a distraction. One of these is keeping your financial records. Often this can become a massive chore.
We can help you get to grips with your businesses finances.
Aspects of strong financial management
There are various elements to strong financial management which TopBamboo can help with, and which will give your business a strong financial footing upon which to grow.
Record keeping
The starting place for strong financial management it is to keep your businesses records up to date so that they are always current. TopBamboo shows you how to move away from paper records use digital solutions such as Sage One or Xero to make your record keeping more efficient.
Cash flow management
To ensure that your business is able to make its day to day committments it is vital to always know your current and future cash position.
Raising capital
Assisting and advising in the process of raising additional debt or equity capital, so providing the funds to boost growth. Preparation of financial models, business plans, and investor presentations.
Financial modelling
Building financial models for investment decisions, raising capital, or business acquisitions.
Trade debtors
Trade debtors are the amounts that your clients owe to your business. Strategies for making sure that your clients pay outstanding invoices promptly is critical to ensuring a positive cash flow position.
Management accounts
The size of your business, and number of interested parties will determine the need to prepare regular management accounts which present the performance of your business. Not just financial but also those non-financial indicators which contribute to the success of the business.
Statutory reporting
If your business is setup as a limited company then there will be a variety of statutory reporting that will be required by your business, examples of which are Companies House and HM Revenue and Customs.
Taxation
Your business will need to report on its financial position and make necessary payments to HM Revenue and Customs.
Strategic outlook
Helping to define a strategy that that can be used as a tool to direct your business activities, helping to identify potential pitfalls, and ultimately drive successful growth. Validation of strategy through financial modelling and scenario stress testing.