The KEY Features of The BEST Revenue Forecasts

At My Accountancy Place, we’re on a mission to empower agencies to become the best they can be and to hit all their objectives. We believe that revenue forecasting plays a critical part in giving you every chance of reaching … Read More

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Up Front Billing: A Key Digital Agency KPI

Retained work is the lifeblood of any agency. Monthly retainers might not be particularly exciting in terms of varied work but they help agency owners to sleep at night knowing that part of their monthly overhead costs is covered by … Read More

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How To Plan For Your Survival Goal – There’s Light At The End Of The Tunnel!

Every business goes through peaks and troughs in its lifecycle, especially in the agency world when so many are reliant on project-based revenue. Combine that with the fact that you often have a primarily fixed cost based on your people … Read More

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Producing A Budget Is THE Most Important Thing You Can Do As A Business Owner…

As a business owner producing a budget is one of, if not, the most important thing that you can do. It’s a chance to project where you want the business to be in the next year and beyond. Many agency … Read More

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Choosing Your End Goal

If you work with any business consultant they are likely to emphasise the importance of knowing your exit strategy. The logic being that you build a company to sell it and that’s where you make the biggest impact on your … Read More

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The 4 Cash Flow Tools Every Agency Needs To Have In Place

Revenue is vanity, profit is sanity, cash is reality. With 95% of costs in an agency being paid either straight away or exactly when they fall due and clients who insist on stretching payment terms, the ability to manage and … Read More

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The Difference Between Finance and Accounting

So, whats the difference? The words finance and Accounting are often used interchangeably so the general view is that they mean the same thing. In reality, they both have their own very signed meanings and understanding them can help you … Read More

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Protect Your Capacity & Maximise Your Profit

If I’m already paying my team anyway, we might as well put extra hours in for a client hadn’t we? When you grow a business’s revenue, you typically grow your cost of sales proportionately. If you sell a product, that’s … Read More

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Don’t leave your financial performance to chance.

As a business owner you probably know that you should sit down and prepare a budget, but you’re not sure when you should do it or even why it’s important. When should I budget? At My Accountancy Place we believe … Read More

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Auto Enrolment Changes… Are you ready?

Everything That You Need To Know About The Recent Auto Enrolment Changes So you may have been bombarded by the recent Auto Enrolment changes… at My Accountancy Place, we’ve digested this information for you and broken it up into bitesize … Read More

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