01202 022992
contact@balloonaccounting.co.uk
BH12 1PN, Poole, UK

Category: Performance

your business, changing lives

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What is a VFO?

A VFO or Virtual Finance Office / Officer, is a service offered by an acountant where they bring the experience and expertise of a high-level Chief Finance Officer and finance suoort to your business – without the cost of hiring a full-time, in-house employee. It is a specialty provided to small and medium businesses and…
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Growth hacks for your small business

Deciding on an online marketing plan can be overwhelming for small business owners looking for affordable ways to nurture steady, sustainable growth. With time in short supply, the key is to find one or two growth strategies that will get results at minimal cost. These proven growth hacks offer business owners a few simple, cost-effective…
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Improve your debtor days to boost your cashflow

It’s important to stay on top of your debt collection to free up cash. Establishing how long it takes you to get paid is the first step, but how can you measure this? Debtor days measures, on average, how long your customers take to pay you. While there are many complex formulas to accurately calculate…
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KPI

Grow your numbers – Activities and KPIs

What on earth is a KPI and why are KPIs important to your business? A KPI (Key Performance Indicator) is a result that can be used to measure the effectiveness of different activities in your business. Put another way, if you want to define what success looks like from your business activities, employees, or projects,…
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Do you feel like a slave to your business?

Feeling like a slave to your business implies the loss of control; thinking that you need to be available to your customers 24/7 and that your team can’t cope without you. It can also imply a victim mentality – that this is just what it’s like to be a business owner and that it’s not…
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Gold Cogs

Why Do I Need to Prepare Management Accounts?

If you run your own business, you may wonder why you need management accounts and what they are. Their purpose should be to provide you with accurate, up to date financial information reporting on the performance of your business to enable you to make better business decisions. At Balloon Accounting we believe that this management…
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