News
Financial & Accounting News
Stay up-to-date with the latest news and updates from NBS Partners and the world of finance.

P is for purpose, not profit
Gone are the days when a business’s sole purpose was to make a profit. While being profitable is important, your purpose is why you exist for your customers; your reason for being. Focusing on your customers’ needs results in better profitability.

Your Business Plan
When confronted with difficulties or adversity, creating a #BusinessPlan provides clarity and steps to overcome these. Spend time planning to ensure your business is resilient and can overcome future challenges.

Don’t neglect your Balance Sheet
Your business may be profitable but is it solvent? Your #BalanceSheet is a key indicator of solvency; neglect it at your peril! Profitable businesses can & do go broke. Discover 4 areas of your #BalanceSheet focus to maximise success!

Increasing your stock turn in a slow-moving economy
How quickly do you sell your stock? The longer it takes, the longer your cash is tied up & the more likely it is to be discounted! In a slow-moving economy, managing your stock is essential! We can help free up your cash!

Discover your business’s untapped potential
Your existing customers can offer untapped potential. Are you nurturing yours and building stronger relationships or chasing new leads? Discover the impact realising this untapped potential could have on your business with our Value Gap Calculator.

Identifying your financial risks
Understanding the financial risks in your business and implementing mitigation strategies is key to surviving tough times. Get in touch to run your numbers through our new tool and discover your potential risks.

Know your numbers – Your Trading Account
Your Trading Account is crucial in assessing how profitable your products and services are. ‘If you don’t know your numbers – you don’t know your business.’ – Marcus Lemonis. Contact us if you’d like help deciphering your Trading Account! #NoAccountanese

Know your numbers – Drilling down on your margins
Gains can always be made at the margins. Small incremental gains can significantly improve your bottom line. Want help to fine-tune the margins on your products or services? Get in touch! #Growth #KnowYourNumbers #Sales

Know your numbers – Your Profit and Loss Report
Your Profit & Loss Report measures the overall efficiency of your business, enabling you to review your costs, improve your business’s profit and,its value. Keen to improve yours? Get in touch #Profit #Budget #Growth #KnowYourNumbers
Book a Free Consultation with us today!
Take your first step to a better financial future today and contact our friendly NBS Partners team to find out how we can assist you.