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Tips & Advice Financial Controller

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Here are some of the topics we cover:

Accounting

Accounting errors
Accounting records
Accounting standards
Accounting systems
Accruals basis
Annual accounts
Asset class
Asset disposal
Balance sheet
Chart of accounts
Closing books
Cost accounting
Dealing with accountants
Depreciaton
Extraordinary/exceptional items
Filing
Filleted accounts
Financial accounting
Fixed asset register
FRS102
Management accounts
Micro entities
Miscellaneous
Ongoing concerns
Prepayments
Reconciliation
Records
Standards
Statutory accounts
Sub accounts
Working trial balance

Accounts payable

Accounts payable
Bitcoin payments
Days payable outstanding
Invoice coding
Miscellaneous
Purchase ledger
Purchase orders

Audits

Audit fees
Audit limit
Changing auditors
Internal controls
Miscellaneous
Ongoing concerns
Working with auditors

Banking

Bank charges
Bank selection
Complaints
Interest accounts
Miscellaneous
Overdraft facility

Brexit

Brexit
VAT

Budgeting

Business plans
Continuous budgeting
Cutting budgets
Forecasting/planning
Key performance indicators
Miscellaneous
Setting annual budgets
Supply chain

Business valuation

Business sale
Valuation methods

Buying

Buying
Defending prices
Developing relations with buyers
Efficient buying
Incremental analysis
Miscellaneous
Procurement policies
Tax compliance

Cash

Burn rate
Excess cash
Non-core assets

Cash flow

Avoiding cash flow problems
Cash flow forecasting
Late payment cost
Managing cash flow
Miscellaneous

Company cars

Buying new cars
Car benefits
Company car tax
Fuel rates
Mileage claims
Miscellaneous
Tax-efficient cars
VAT

Company law

AGM
Annual returns
Balance sheet
Closing a company
Companies House
Director shareholder death
Filing deadlines
Miscellaneous
Share alotment
Share buy backs
Shareholders agreement
Share transactions
Types of company
Unlawful dividends

Contracts

Brexit
Damages
Drafting new contracts
Indemnities
Interim payments
Miscellaneous
Non-disclosure agreements
Renewal
Retention of title
Signing
Verbal contracts

Coronavirus

News

Cost benefit analysis

Cost benefit analysis

Cost control

Capacity planning
Electricity
Management fees
Marketing costs
Office space
Overheads
Resource management
Staff time reporting
Waste reduction

Cost cutting

Accommodation
Advertising
Bank accounts
Billing
Buy to let
Carrier bags
Cars
Credit cards
Cutting costs
Energy
Environment
Equipment
Exchange rates
Finance
Flexible working
Health and safety
Holidays
Insurance
Internet
IT equipment
Logistics
Meetings
Miscellaneous
Mobile phones
Office costs
Online purchasing/selling
Ordering
Personnel costs
Professional services
Property/building costs
Retail purchases
Sandwiches/food
Sickness absence
Social media
Software
Staff costs
Stock control
Supply contracts
Tax
Time wasting
Training
Travel and transport
Tyres
Utility bills
Waste management
Welfare facilities

Cost of finance

Bank finance
Interest calculations
Interest rates
Leasing
Miscellaneous

Cost of sales

Cutting costs
Miscellaneous
Pricing
Staff costs
Stock valuation
Strategic cost management

Credit control

Cost of debtors
Credit accounts
Credit controller
Credit limits
Database of badpayers
Days sales outstanding
Debt factoring
Debtors control account
Debt recovery
Discounting
Insolvency
Insurance
Interest rate
Late payment
Miscellaneous
Overseas Payments
Personal guarantees
Pre-emptive measures
Retention of title
Staff communications
Trade debtors
Warning signs

Cryptocurrencies

Bitcoin
DeFi

Debt recovery

Court action
Legal letters
Miscellaneous

Expenses and benefits

Billable and non-billable
Childcare vouchers
Company cars
Credit cards
Cycle to work
Directors' personal expenses
Dispensations
Employee fraud
Employee loans
Expense claims
Fuel
Gifts
Miscellaneous
P11Ds
Private medical insurance
Travel and entertainement expenses

Finance function

Accounts staff
Delegation
Delivering value
Developing the team
Finance assistant
Finance manager
Finance projects
Internal controls
Job description

Financial analysis

Assessing profitability
Capacity
Constraints analysis
Dividend
Growth modelling
Miscellaneous
Profit and loss ratios
Ratio analysis
Segmentation
Solvency monitoring
What if analysis

Financial management

Balanced scorecard
Billing controller
Financial planning
Growth
Historic performance
Leverage
Management reporting
Profits
Stock control
Supplier insolvency
Time management
Valuing stock
Working capital

Forecasting

Cash flow
Forecasting analysis
Freelance expenditure
Sales

Foreign transactions

Document standards
Exporting
Financial reporting
Foreign exchange risk
Miscellaneous
Overseas VAT

Fraud

Detection
Employee fraud
Miscellaneous
Prevention
Whistleblowing

Insurance

Business interruption
Damages claim
Export risk
Legal expenses
Miscellaneous
Overseas travel
Private medical insurance
Risk management

Investment appraisal

Cost modelling
Discounted cash flow
Investment appraisal
Miscellaneous
Property
Sensitivity analysis

Invoicing

Duplicate payments
Electronic invoicing
Internal controls
Late payment
Miscellaneous
Payment disputes
Staff fraud

IT

Capital allowances
Cyber security
IT costs - broadband
Miscellaneous
Payroll systems

Legal compliance

Anti-slavery
Bribery
Companies House
Data protection
Enforcement
HMRC inspections
Miscellaneous
Money laundering
New legislation
Senior accounting officer
Tax status
VAT inspections

Management accounts

Accruals
Acquisitions
Appropriate reserves
Balance sheet
British standards
Charts
Consolidated accounts
Dashboard
Dividends
Goodwill
KPIs
Month end
Monthly package
Profit margin
Real time reporting
Rent
Turnaround plans
Undue prudence

Mergers and acquisitions

CMA clearance
Completion accounts
Data rooms
Due diligence
Integration
Joint venture
Selling a business
Targets
Warranties and indemnities

Miscellaneous

Marketing costs
Miscellaneous
Negotiation skills

News

Budget
Coronavirus
Making tax digital
News

Overheads

Cost management
Factory costs
Miscellaneous

Payroll/PAYE

Apprentices
BACS
Bonuses
Deductions
Directors
Dispensations
Employee share plans
Employment allowance
End of year returns
Errors
Expenses
Flexible working
Forecasting/budgeting
Fraud
Gifts
Holiday pay
Minimum wage
Miscellaneous
Online filing
Outsourcing
P11D
Parental leave
PAYE inspections
Payments
Payrolling benefits
Payroll software
Pensions
Personal allowances
PSA
Record keeping
Remuneration strategy
Requirement for NI number
RTI
Salary payment date
Salary sacrifice
Share schemes
Statutory forms
Statutory pay
Tax codes
Termination payments

Performance appraisal

Performance appraisal
Project assessment

Performance management

Goal setting
KPIs
Performance targets
SMART objectives
Staff turnover

Personnel

Apprenticeships
Benchmarking
Bonus schemes
Bribery
Capacity planning
Cost of sickness absence
Employee appraisal
Employee ownership trust
Employee pricing
Employee share plans
Employment particulars
Gender pay gap reporting
Holiday pay
Homeworking
Minimum wage
Miscellaneous
Pay rises
Payroll spend
Performance management
Personal development
Recruitment issues
Redundancy costs
Share schemes
Staff costs
Status
Training
Tribunal claims

Presentations

PowerPoint

Pricing

Billable rates
Breakeven rates
Charge out rates
Exchange rate fluctuations
Inter-company pricing
Price increases
Royalties
Supplier costs
Target pricing
Teaser pricing
Transfer pricing

Productivity

Finance department

Profitability

Customer lifetime value
Fee realisation
KPIs
Measurement
Miscellaneous
Profit allocation
Return on capital employed
Staff costs
Staff efficiency
SWOT analysis

Project management

Budgeting

Property

Business rates
Property costs
Rent arrears

Purchase ledger

Audit
Purchase invoices

Raising finance

Alternatives to banks
Bank finance
Bridging loans
Budgeting
Business plans
Credit rating
Grants
Lending decision
Miscellaneous
Overdrafts
Preparation for lenders
Sale and leaseback
Seed enterprise investment scheme
SFLGS
Supply chain finance

Reporting

Budget deviations
Charts
Dashboards
Financial reporting
Fixed assets
Forecasting sales
FRS
FRS102
Human resources/personnel
KPIs
Loans
Management accounts
Management reporting
Miscellaneous
Non-financial reporting
P&L reporting
Ratio analysis
Reporting software
Report rationalisation
Report writing
Sensitivity analysis
To staff
UKGAAP
What if analysis

Software

Accounting software
Alternatives
Excel tips
Frequency analysis
Miscellaneous
MS Office
Outlook tips
Payroll software
Spreadsheets

Stock taking

Miscellaneous
Obsolete stock
Stock management
Valuing stock

Strategy

Decision making
Pivot strategy
Strategic plan

Tax and NI

Benefits
BPRA
Business tax account
Capital allowances
Capital gains tax
Company cars
Company loans
Corporation tax
Dealing with HMRC
Directors' tax
Employment allowance
Employment status
End of year returns
Evasion
Inheritance tax
Interest
Losses
Making tax digital
Miscellaneous
NI increases
Official rate of interest
Packaging tax
Payments
Penalties
Personal allowance
Plastic tax
R&D relief
Record-keeping
Rollover relief
Scams
SDLT
Tax codes
Training costs

Tendering

News
Tendering procedures

Treasury

Recruitment
Treasury management

VAT

Cash accounting
Compensation payments
Debt recovery
Deposits
Disbursements
EC sales list
Errors
Flat rate scheme
Groups
Insolvency
Making tax digital
Miscellaneous
Non-registered trader
Opt to tax
Overseas transactions
Overseas VAT
Partial exemption
Payment
Payment discount
Penalties
Record-keeping
Registration
Request for payment
Reverse charge
VAT and debts
VAT inspections
VAT rates
VAT recovery
VAT returns

Work in progress

Miscellaneous
Work in progress

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In the most recent issue you'll find advice on...

Year 14 - issue 9 - 03.06.2022

CREDIT CONTROL

Winding up petition rules eased

The restrictions placed on issuing winding up petitions were lifted in April 2022. If you’re owed money by a limited company, when should you issue one?

MANGEMENT ACCOUNTING

Is a 4-4-5 calendar right for your business?

Preparing management accounts to the end of a calendar month can create challenges for businesses, particularly where the variations in the total number of days of the week within a period can skew trends. Could a 4-4-5 calendar be the answer?

HMRC

Retrieving your HMRC login details

You’re trying to log into your business tax account via the government gateway but are getting stuck at the two-step security stage because the code is being sent to the previous financial controller’s mobile phone. How can you log in to change this?

JOINT VENTURES

What’s the best way to structure a joint venture?

Your company has been approached to enter into a joint venture to undertake a complex new project. There are several ways to structure a joint venture so which would be the most suitable for you?

CARS

Tax and the charging of electric vehicles

The business runs some electric vehicles (EVs) but there has been little thought about where these are charged. So, what are HMRC’s rules on this, what are the tax implications and what is the best approach?

EXPENSES

Delayed payment of expenses - possible problems

The pandemic led to many small businesses struggling for cash. To help cash flow some owners didn’t claim reimbursement of business expenses. But are there any potential problems in paying them back now?

PENALTIES

Avoiding penalties for careless errors

You can ask HMRC to suspend a penalty it would otherwise charge if a mistake made in a document, e.g. your tax return, results in an underpayment of tax. But it generally won’t grant a suspension for one-off errors. How can you change its mind?

HMRC

Tax conditionality - are you prepared?

Local authorities are concerned about the implementation and management of the new conditionality tax checks, with few businesses aware of the changes. What are these checks and who do they apply to?

CASH FLOW

Calculating the burn rate

You’ve been asked to calculate the company’s burn rate. This is an important metric in understanding the business’s financial health so what’s the best way to go about it?

STAFF COSTS

Affordable bonuses

The board want to ensure that employees remain motivated to over-perform during the current economic slowdown. With increased pressure on cash flow, how can you draw up a bonus scheme which the company can afford to pay out?

SPREADSHEETS

Making it easier to view data on a laptop

When you’re working with a lot of spreadsheet data on your laptop, keeping track of everything can be tricky. What can you do to make viewing spreadsheets on a smaller screen easier?