Most business owners understand the value of getting their year-end accounts filed. But many miss out on the real benefit of financial data: using it to steer their business forward.
At Carthy Accountants, we don’t just file your numbers. We decode them.
In this Business Success Weekly, we uncover three financial non-negotiables that every successful business needs to have in place. These tools aren't just for big corporations; They’re for any business owner serious about growth, control, and clarity.
Too often, business owners think strategy is something you do later, after hitting seven figures or bringing on a finance team. But the truth is, the earlier you embed good financial practices, the easier and faster growth becomes.
And it all starts with understanding the story your numbers are telling.
Adam meets with business owners every day and always starts with the numbers. Why? Because numbers speak. They uncover:
In short, they show you what your business needs right now.
In this Business Success Conversation, Michael and Adam uncover three financial non-negotiables that every successful business needs to have in place.
You might have heard these before. But are you actively using them?
If you’re still using paper books or spreadsheets, it’s time to upgrade. Cloud-based bookkeeping software like Xero, QuickBooks, and FreeAgent gives you and your accountant real-time access to your finances.
This shared visibility means issues are spotted early, and decision-making gets faster and smarter.
Imagine going to Sainsbury’s without knowing what you need or how much you can spend. Absurd, right? Yet many businesses operate like this.
A budget helps you:
A good budget isn’t set in stone, it’s a living document that evolves with your business.
You probably manage your personal finances with some awareness of when bills go out and income comes in. Your business should be no different.
Cash flow forecasting ensures:
When combined with budgeting, cash flow gives you the confidence to make key decisions.
Cash flow and budgeting only work if they align with your business goals. That’s why a plan is essential. It sets your direction and gives every number context.
Review your plan annually. Update it as your market shifts, your services evolve, and your ambitions grow.
Your plan, just like your budget and cash flow, should be a living, breathing tool.
Understanding your finances isn't about spreadsheets and jargon, it's about having the tools to build a business that works for you. Whether you’re taking on staff, investing in equipment, or planning your exit, the right financial foundations will help you get there faster.
Let us help you set up what matters. Get in touch to start building a financial strategy that supports your growth, and get the business you want.