Posts tagged Gross Profit
How to Use Management Accounts Effectively
How to Use Management Accounts Effectively

Management accounts are a vital tool for businesses to make informed decisions and plan strategically. Unlike financial accounting, management accounting focuses on providing internal financial information to key decision-makers such as FDs, CFOs, and the wider senior leadership team. By understanding the role of management accountants and the significance of management accounts, businesses can unlock numerous benefits.  In this article we will explore the key features of effective management accounts and how to use management accounts in business.

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Business AdviceSecantor Business ServicesBusiness Advice, Board Meeting, Business Objective, FD, Finance Director, SME Finance Director, Gross Profit, Gross Profit Margin, CFO, SME CFO, Fractional CFO, Management Accounts
How Can a Fractional CFO Transform Your Bottom Line
How Can a Fractional CFO Transform Your Bottom Line

The concept of Fractional CFOs is a game-changer for businesses of all sizes. Instead of hiring a full-time Chief Financial Officer, companies can tap into the expertise of seasoned financial professionals on a part-time or temporary basis. This approach allows businesses to benefit from the strategic financial insights and management skills of a CFO without the hefty price tag associated with a full-time executive.

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Business AdviceSecantor Business ServicesBusiness Advice, Board Meeting, Business Objective, FD, Finance Director, SME Finance Director, Gross Profit, Gross Profit Margin, CFO, SME CFO, Fractional CFO
What Is Gross Profit and Why Is It So Important in Business?
What Is Gross Profit and Why Is It So Important in Business?

Understanding the concept of gross profit is paramount to business success.  It serves as a cornerstone for evaluating a company's financial health, making strategic decisions, and ensuring long-term sustainability.  Yet despite this, many SME business leaders do not give it sufficient importance, and many focus their attention on turnover instead.  In this blog we will examine the subject of gross profit, exploring its definition, significance in business, and how it plays a pivotal role in improving business profitability.

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Business AdviceSecantor Business ServicesBusiness Advice, Board Meeting, Business Objective, FD, Finance Director, SME Finance Director, Gross Profit, Gross Profit Margin, CFO, SME CFO, Margin Analysis