Jayamali Nawarathne 
Creating an exit strategy may not seem critical when you first start your business, and it is a frequently overlooked aspect of a business plan. However, an exit strategy is an essential component of establishing a successful business, achieving your desired goals and preserving the wealth of your business. Business owners may find that future … Read more
No one knows what the future holds, but one thing is for sure – it’s essential to plan for it. Business owners often underestimate the importance of having a succession plan. There will come a time when a business owner will need to prepare their business for new owners or leaders when selling, retiring or … Read more
In the wake of the global pandemic, many businesses have been forced to confront that they are not as prepared as they should be for a significant disruption. Many different things can disrupt a business, from natural disasters to a global pandemic, and each requires a unique response.What would you do if your computer system … Read more
When you’re looking to expand your business through franchising, it’s essential to take the time to find the right franchisees. Not just anyone will do – you need individuals who have the skills and experience necessary to run a franchise and the drive and ambition to make it a success. We will discuss the things … Read more
Six common bookkeeping mistakes to avoid We highlight the most common mistakes made by SMEs that need to be avoided to ensure the success of their business. With the increase complexity of accounting, compliance and bookkeeping processes, business owners juggle to keep their business profitable. During these challenging times especially, it’s easy to understand where … Read more
How we can learn from Olympic success stories to help shape our lives We live in challenging times as we face a global pandemic and the demands from everyday life, whether as a professional, a business, or an individual. Whatever the challenge is, there are lessons that we can learn from the inspiring stories of … Read more
A control account also referred to as a controlling account, is an account within the general ledger that summarises all the transactions of a specific type. A control account has a corresponding subsidiary ledger that contains all the detailed transactions relating to that account, which may be in the hundreds or thousands. The purpose of … Read more
Like most business owners, you are probably wearing many hats. You are probably busy managing your core business activities while juggling many other aspects such as marketing, sales, customer service and bookkeeping. With all the competing priorities that business owners face daily, it’s no wonder that bookkeeping often gets pushed to the side, but this … Read more
A CFO or Chief Financial Officer is in charge of the company’s financial health. They are responsible for overseeing all financial aspects of a company, such as budgeting, accounting, cash flow and financial reporting. They are also responsible for financial planning, reviewing and analysing business risks and advising on company strategy. Traditionally, CFOs have been … Read more
As an accountant, one of the most important ways to help your clients achieve business success is by developing robust financial forecasts. Financial forecasting is the process of estimating the future financial performance of a business by using past financial data, current trends, and economic conditions, and combining this with financial modelling to determine predictions … Read more