Managing Partner at Dutton Moore Chartered Accountants and Business Advisers
Cash Flow, Budgeting and Forecasting:
As we come out of the recession a lot of firms are getting busier and this is the most important time for a business to consider its next steps.
Business planning needs to be more than just looking ahead to the next week or month – forecasting and planning well ahead for financial matters is essential.
Even though the economy is picking up and prospects are starting to look brighter, banks are still cautious and applications for credit are passed stringently through credit departments. The credit process will require detailed forecasts and budgets to show a business can pay the debt.
It is very important that business proprietors are prepared and plan ahead. You need to plan when you may have a cash shortfall and when you will need credit. You can’t borrow the money on a Friday to pay the wages the following Monday – it doesn’t work that quickly.
Cash flow management is so important for a business. The banks like to work with businesses who are working with quality, local accountants. Reputable accountant’s forecasts can help tip the scales and work in a business’s favour for achieving credit if the accountants have done the due diligence and can assure the bank that the application is well planned.
Think ahead, look at budgets and forecast – it is the only way to ensure the long-term stability of your business.
"The Walker Group has worked with Dutton Moore for more than 30 years. They have acted on behalf of all the Group’s companies and the family and are trusted and highly experienced business accountants, auditors and business advisers."Lee Davies, A.C.A, Financial Director, Walker Group
"We have worked with Dutton Moore for many years and have always received a first-rate service. The team at Dutton Moore provide us with invaluable accountancy, strategic planning and business advice as we continue to be a growing business in this region."Simon Gibson, Director at Simon Gibson Transport Ltd, Goole, East Yorkshire
Grain merchants and farmers, Burstwick, East Yorkshire:Jeremy Saunt, Director at Johnson and Saunt
"We have been clients of Dutton Moore for more than 20 years – they carry out all our accountancy work and business advice, their service and attention to detail is outstanding."
"Dutton Moore are an excellent provider of financial services for significant Hull based businesses such as Smales. We have worked with the firm for many decades and are guaranteed sound financial and business advice, alongside the general accountancy services that they provide. What is key for my Company is the direct involvement of the partners with the Smales management."Robin Orr B.Com; C.A; C.T.A, Financial Director, F.Smales & Son (F.M.) Ltd, Hull
"Having worked with Dutton Moore for many years now, we have always found the service extremely professional, prompt and courteous. As a growing business over the years their advice has been exemplary and without their valuable assistance in accounting and strategic planning we would have found the many transitions of growth a lot more challenging."Richard Spencer, Commercial Director, Spencer Signs Ltd, Hull
The Dutton Moore app has changed. Anyone using the App titled “DuttonMoore” will no longer be receiving updates. The new app available on Google Play and Apple Store is now called “MyAccountants” and has the following icon. Aft...
We are sporting lots of red in the office today…proud to be supporting Red Nose Day 2019, part of Comic Relief. We hope to raise as much money as we can for this vital charitable cause. To find out more: www.comicrelief.com/rednoseday ...
Celebrating International Women’s Day #BalanceforBetter today we mark the 110th anniversary of the first pioneering female to be admitted to an accountancy body in the UK. Ethel Ayres Purdie became ACCA’s first female member in 1909 and the first woman to be admitted as an associate to the London Association of Accountants, a founding organisation of the ACCA....