Financial management and accountancy

Discounts for prompt payment calculatorIf your company's suppliers frequently offer a percentage discount for immediate payment, how can you work out whether it's worth paying the invoices early or keeping the money in your company's bank account?Annual... Read more

Purchase ledger reviewWith computerised accounting systems, it's easy for the purchase ledger to appear to be in good order. The purchase ledger control account will correspond with the total amounts showing as due on the individual supplier accounts.... Read more

Prioritised payment listYour phone is ringing off the hook with irate suppliers, payroll is coming up and the MD is pulling his hair out because your cash flow is consistently under pressure. How can you make sure that your department pays suppliers ... Read more

Days payable outstanding worksheetThe days payable outstanding (DPO) ratio is extremely important. It shows how long it takes you to pay your suppliers which is a key component in your company's formula for calculating working capital. Businesses must... Read more

Agreements registerIf you want to cancel/vary an agreement, your business will have to give adequate notice of its intention to do so to the other party. How do you ensure no deadlines are missed which could result in financial penalties?Giving notice... Read more

E-mail database of suppliersIf you haven't already captured the e-mail addresses of your supplier contacts, then here's a good reason to do so. Once captured, you can use these addresses to e-mail a remittance advice instead of posting it, meaning no p... Read more

Enhanced presentation and grouping spreadsheetThe new sales director wants you to show more detail in the management accounts about income streams. However, the MD likes to keep things simple. Is there a way to satisfy both without using two spreadsh... Read more

Weighted average cost of capital (WACC) calculatorYour company creates value for its shareholders by earning a return on their invested capital which is above the cost of that capital. This hurdle is the yardstick by which it can judge a project prop... Read more