Enjoy the latest blog posts about the term Financial Management. All my recent blog posts you'll find in the blog section. If you are interested in a particular topic, you'll find and overview of all covered terms on the sitemap.

The Anatomy of Accounting for SMEs

Running a small or medium-sized enterprise (SME) successfully requires a strong grasp of accounting principles. It's not just about crunching numbers; accounting provides valuable insights into your financial health, helps you make informed decisions, and ensures compliance with regulations. In this blog post, we'll take a closer look at the anatomy of accounting for SMEs, uncovering key elements and best practices to help your businesses thrive.

9 Financial KPIs and Metrics to Track for Your SME

As a small and medium-sized enterprise (SME) owner, you know how important it is to keep your business's finances in check. But how do you actually do that? One way is to monitor key performance indicators (KPIs) that give you a good picture of your business's financial performance. By regularly tracking your financial KPIs, you can make smart decisions for your business, spot areas that need improvement, and make sure your business is making a profit and can last long-term.

Fully Outsourced Finance Department. Do You Need One for Your SME?

A fully outsourced finance department is a financial management solution where you can contract an external company to take care of all your financial tasks, from maintaining accurate records to preparing financial statements and providing strategic direction. But how do you know if you need to outsource your finance department to a third-party partner? This article discusses five common signs to look for and factors you must consider when choosing the best partner for your business.

7 Accounting Services That Your Business Can Outsource

No matter the size of your business, accounting functions are one of the essential elements to get right. When volumes are increasing, accounting departments can often get overwhelmed, which can cause delayed payments and bad reporting cycles. External financial service providers can provide a solution that can grow with your business needs and allow you to focus on core activities. But what services can you outsource exactly?

How To Increase Profit Margins: A list of 6 Proven Strategies

Based on the 4th quarter data of 2021, 53% of the UK’s SMEs reported a profit in the previous 12 months. However, it’s one of the lowest results in the past decade. In this article, we discuss practical strategies to help you boost profitability, so stay tuned until the end. After all, profit margins measure how well a business is doing, so it’s critical to keep them in check.

How Your Financial Data Security Strategy Can Make or Break Your Business

Financial data is an increasingly popular target for data theft, with three times as many cyberattacks conducted in the first quarter of 2021 than in 2019. This article will explore the importance of financial data security and what actions you can take to protect your financial information, so stay tuned until the end.