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Magic Management Accounts - Knowing Your Business Numbers
Manage episode 409189934 series 3554546
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Join us in an enlightening episode of the Profit Cash Growth Podcast, where in the news we dissect the success behind the UK multi-channel retail titan, Next PLC. Uncover their growth strategies, acquisitions, and prolific online approach that are projected to propel them past the £1 billion annual profit margin. Discover how this influential retail multinational leverages the strength of numbers innovatively and effectively.
In this week's deep dive, we journey into the underrated cornerstone of any successful business - management accounts. Co-host and chartered management accountant, Claire, shares her knowledge by explaining the what, why, and how of management accounts. Grasp the nuanced differences between management accounts and annual accounts, the magic of customisation, and their role in providing businesses with highly intuitive cost and revenue analytics.
We also provide a comprehensive guide on customizing management accounts to suit the needs of your business, irrespective of whether you utilise QuickBooks, Xero, or Sage. Determine if a bookkeeper or a chartered management accountant would best serve your business customisation needs. Delve into understanding your cash flow, P&L, and KPI reports, and how these reports can direct your focus to critical business aspects.
Concluding in Profit Cash Growth Extra with an exciting revelation about an underutilised tool in the iPhone's notes application, this episode promises to be an insightful exploration of management accounts. Whether you are a business owner or an accountant, this episode pledges to equip you with key insights necessary for efficient business management.
The Profit Cash Growth Assessment https://profit-cash-growth-pg9maszv.scoreapp.com
https://www.youtube.com/@ProfitCashGrowth
50% Off Your First 3 Months Management Accounts!
If you think your business could benefit from management accounts and a monthly commentary from an experienced Finance Director why not try it half price for the first 3 months. Contact claire@profitcashgrowth.com39集单集
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