For many businesses, year-end accounts are a mere compliance requirement, completed long after the year has ended. However, relying solely on annual financial statements can be detrimental to the growth and success of a company. In this blog post, we will explore the limitations of year-end accounts, highlight the benefits of regular financial reporting, and … Continued
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Running any business comes with its fair share of challenges, and navigating the financial aspects can be particularly demanding. Many businesses find themselves in situations where they could benefit from the expertise and guidance of a Finance Director, whether it’s controlling costs, looking at pricing, improving profitability and cash, accessing funding, or making strategic decisions … Continued
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As a Business Owner, understanding the financial aspects of your business is crucial for making informed decisions that drive profitability. Two commonly confusing concepts are mark-up and margin. While they both play a role in measuring profit, they have different meanings and applications. In this article, we will help you understand the differences in mark-up … Continued
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When you’re a business owner, you often find yourself juggling multiple responsibilities. You may wear the hats of employee, shareholder and director, all while being the person handling the day-to-day operations too. At Wessex Commercial Solutions, nestled in the beautiful regions of Devon and Somerset, we recognise the unique challenges you face. We understand that … Continued
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