A 500 Year Old Idea To fully appreciate the Chart of Accounts (CoA) it’s worthwhile to step back 500 years to the invention of double entry book keeping. Double entry is a revolutionary way to record business transactions and track key ﬁnancial information including: Assets and liabilities Proﬁtability i.e. revenue minus expenses over a given … Continue reading Chart of accounts optimisation
Insight is often talked about in Finance, but not always clearly defined. What does it really mean to provide insight and how does this differ from the core role of preparing financial and management reports and accounts? Let’s Start By Defining The Basics: Financial reports & accounts: A balance sheet, profit and loss, cash flow … Continue reading Insight in finance – the light bulb moment!