Archive for October 2022

Lombard Accountants understand that finding the deposit for your first house can be a struggle, and many millennials and Gen Z zoomers are turning to ‘The Bank of Mum and Dad’ (BOMAD) as their funding route of choice. Lombard Accountants will discuss the best ways to help if your kids come looking to borrow your…

Lombard Accountants understand that having a ‘corporate social responsibility (CSR)’ strategy was something that used to be the sole preserve of giant corporations. But with the social and environmental impacts of business evermore transparent Lombard Accountants believe that it’s good practice for every business – both large and small – to have a CSR policy…

Lombard Accountants know that keeping the business in a positive cashflow position is vital. But you can only do this if your cash inflows (sales revenues and other income) outweigh your cash outflows (overheads, supplier costs and other liabilities like tax costs or loan repayments). Lombard Accountants understand that one way to re-balance the cashflow…

Do you know how much it costs you to produce each product or service in your range? Lombard Accountants know that the better you can understand this cost of sales – or cost of goods sold (COGS) – the more ability you have to control your company’s profitability. Lombard Accountants understand that when you know…

Lombard Accountants know that cash is the lifeblood of any business – once the cash dries up, problems quickly begin to multiply. Lombard Accountants understand that if you can keep the cash running freely you can continue to grow your business. Here are five tips for improving your cashflow: (i) Have a system to manage…

Lombard Accountants believe that making time to look over your financial reports each month is an important task for any business owner. If you are not taking the time to do this, either because you’re too busy, or perhaps you don’t really understand what you’re looking at and it doesn’t make sense to you, then…

Lombard Accountants know that cash flow is the lifeblood of your business. And when it comes to cash flow management, preventing cash issues is far easier than trying to solve these issues after the event. Positive cash flow comes from balancing your income (the cash inflows) against your expenditure (the cash outflows). Lombard Accountants understand…

Lombard Accountants know that as a business owner, it’s never been more important to have a good grasp on your finances. For many businesses, priorities have changed, customer behaviours have mutated and revenue streams have had to evolve and pivot in order to create a viable business model. To track, monitor and drive your financial…