Business

Accrual Accounting: Why Your Business Might Need it More than You Think

For many business owners, especially those starting out, accounting is an afterthought. Revenue goes in, expenses go out, and the hope is that there’s something left at the end. But as companies grow, the need for accurate financial insight becomes not just helpful—it becomes essential. That’s where accrual accounting comes into play.

While cash-based accounting might work for freelancers or micro-businesses, accrual accounting offers a far more complete and forward-looking picture of your company’s financial health. In fact, many mid-sized and large enterprises are legally...

Liv Butler

Liv Butler

Posted:

Pros and Cons of Agricultural Loans: What Farmers Need to Know

Authored by David Banks
Posted: Thu, 12/05/2024 - 8:26am

Farmers have the opportunity to obtain an agricultural loan to help with overcoming short seasons, purchasing new land or equipment, buying new supplies, and a lot more. Before getting a loan, it is crucial for the farmer to take the time to think about what they need and to weigh up the pros and cons.

Some of the pros and cons to consider include the following:

The Pros

There are a number of pros to agricultural loans, as they can be a fantastic way to get the money needed to help the farm grow or do more. Some of the biggest pros include the following....

Wealth management company celebrates its move to prestigious new offices in style!

Well-respected wealth management company Prydis has moved from Exeter City Centre to the beautiful grounds of Winslade Park at Clyst St Mary.

The newly built offices at Clyst House with an impressive footprint of 6,200 square feet set in stunning grounds, are now home to 60 staff members from the Wealth and Accounts teams.

In addition, the company also has offices in Newquay, Liskeard, and Edinburgh. Its total turnover of all subsidiaries and connect companies is just under £12m.

Prydis has two lines of business: Business Services (Accounts, Audit, Tax and...

Boost Your Local Visibility: Top SEO Tips for Exeter Businesses

Boost Your Local Visibility: Top SEO Tips for Exeter Businesses

In today’s digital-first world, having a strong online presence is essential for businesses in Exeter aiming to stand out locally. Local SEO (Search Engine Optimization) is your ticket to ensuring that potential customers find your business when searching for services in the area. Here are some top tips to help boost your local visibility and drive more traffic to your website and Google Business Profile.

1. Optimize Your Google Business Profile

Your Google Business Profile (GBP) is a powerful tool for connecting with local customers. Ensure your profile is fully optimized with...

Rob Stevens and Brent Woodward

Donating tech to those living in digital poverty

Authored by Sue Cade
Posted: Tue, 12/03/2024 - 8:38am

Optix Solutions has sent off a bundle of tech to Exeter charity GiftTech, ready to be rehomed to individuals caught up in the ‘digital divide’.

National figures from the Digital Youth Index Report 2023 show that 14 percent of young people in the UK have no access to a learning device such as a laptop or desktop computer, whilst for young people who are NEET (not in education, employment or training) the figure is 20 percent.

Optix previously donated desktops to Exeter charity GiftTech in 2022, and this year it was the turn of a selection of laptops and monitors.

...

Empowering Local Businesses with Tailored Solutions

Authored by Liv Butler
Posted: Mon, 12/02/2024 - 12:15am

Small and medium-sized enterprises (SMEs) are the backbone of local economies, driving innovation, employment, and community development. However, these businesses often face unique challenges, from resource limitations to increased competition in a globalized market. Tailored solutions that address their specific needs can empower local businesses to overcome these obstacles, ensuring growth and sustainability.

Understanding Local Business Needs

No two businesses are exactly alike, and this is especially true for local enterprises. Their challenges and opportunities are...

How to Choose the Right Rewards Programmes Platform Provider

Authored by Simon Wells
Posted: Fri, 11/29/2024 - 4:15pm

Employee recognition plays a crucial role in boosting morale, employee engagement, and overall organisational success. Rewards programmes are an effective way to show appreciation, incentivise performance, and retain top talent. However, selecting the right rewards programmes platform provider can be challenging, given the variety of options available. This guide highlights the key factors to consider when choosing a platform that aligns with your business needs.

Why Rewards Programmes Matter

Effective rewards programmes are more than just a token of appreciation—they...

Practical Tips to Lower Business Expenses and Maximise Resources

Authored by Liv Butler
Posted: Fri, 11/29/2024 - 4:00pm

Running a business, whether small or large, involves a constant balancing act between managing income and controlling costs. Lowering business expenses without sacrificing quality or service can improve profitability and keep your business competitive.

At the same time, maximising resources ensures you're making the most of what you already have. Here are some practical tips to help you reduce business expenses and get the best value from your resources.

Table of Contents:

1. Review Your Supplier Contracts Regularly

2. Cut Down on Energy Costs

3. Take...

Looking at a laptop screen

Free marketing assessment tool launched to help businesses optimize strategy

Authored by Sue Cade
Posted: Tue, 11/26/2024 - 11:56am

Exeter-based strategic marketing firm Optix Solutions has unveiled its latest innovation: a free marketing assessment tool designed to help businesses evaluate their current marketing efforts and uncover opportunities to enhance their strategy, generate leads, and boost sales.

Developed by Growth Director Ali Newton-Temperley and Director of Strategy Thomas Haynes, the tool combines their extensive expertise to deliver actionable insights for businesses of all sizes.

Newton-Temperley explained: "With increasing pressure on businesses to maximize their marketing budgets, the...

Revolutionize Your Workplace with TimeCamp: The Ultimate Tool for Time Tracking and Timesheet Approvals

Authored by Simon Wells
Posted: Mon, 11/25/2024 - 10:42pm

Managing time effectively is the key to running a successful business, yet it’s often overlooked. TimeCamp provides a comprehensive solution for time tracking and timesheet approvals, helping CEOs, managers, and employees work smarter, not harder. With its powerful features and user-friendly design, TimeCamp empowers organizations to optimize workflows, enhance productivity, and foster collaboration effortlessly.

Why Every Business Needs Time Tracking

In today’s competitive business environment, the ability to effectively track and manage time is more important than ever. CEOs...

Choosing the Right GIS Services Company: What You Need to Know

Authored by BHTNews.com
Posted: Mon, 11/25/2024 - 5:48pm

In today's data-driven world, the importance of Geographic Information Systems (GIS) is growing rapidly. From real estate development to urban planning, environmental management, and logistics, GIS is pivotal in helping businesses analyze, manage, and visualize geographic data. If your organization is considering implementing GIS solutions, choosing the right service provider can make all the difference in your success.

Selecting a GIS services provider isn’t a decision to take lightly, as the right partner can provide tailored solutions, advanced technical support, and...

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