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What is the Difference Between Profit and Cash Flow?

Put simply, profitability is a measure of your business’s success over a specific time period, for example over a month, a quarter or a year, and if your business is profitable, it should show that your sales exceed your costs and overheads. However, this is mostly an accounting perspective and doesn’t always translate to immediate … Continued

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Unlocking Cash Flow Mysteries: A Guide for Small Business Owners

Are you puzzled by what your accountant declares as profit generated from your business and the lack of cash showing in your bank account? You’re not alone! In this blog post, we’ll unravel the mystery behind what your business accounts report and what is actually deposited into your bank account. We will explain how you can navigate … Continued

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A Comprehensive Guide to Exit Strategy

Following our recent LinkedIn Live series – full videos available on our website – we bring you our comprehensive guide to Exit Strategy. We will explore what it means to be exit-ready and how businesses can position themselves optimally for a potential sale, family transition, or employee ownership. Being exit-ready is about putting your business … Continued

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How to Keep Your Profits Growing When Interest Rates Go Up

In today’s ever-changing economy, business owners and financial managers face many challenges. One big challenge that can affect your profits is when interest rates continue to climb and no one knows when it will hit its peak. At Wessex Commercial Solutions, a Chartered Accounting firm nestled in the scenic areas of Devon and Somerset, we … Continued

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Rethinking Year-End Accounts: The Importance of Timely and Relevant Financial Reporting for Business Growth

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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Business people look over financial statements

When Can Businesses Benefit from Finance Director Level Support?

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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Xero Solver Champion Partner - Accountancy Services - Wessex Commercial Solutions
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