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:

Business experts to help boost family business growth in rural Devon & Somerset

Authored by Guy Newman
Posted: Tue, 01/22/2013 - 11:41am

One of Devon’s oldest family businesses has joined forces with the University of Exeter and a world class business school in Switzerland to pioneer a scheme which will benefit hundreds of rural family businesses across Devon and Somerset.

The Family Business Growth Programme, which has been instigated by the family-owned land management business Clinton Devon Estates, will provide other family businesses working in agriculture and rural enterprises with access to over 25 years of family business research and learning from the International Institute for Management Development (IMD...

Exeter Racecourse announces 25% rise in prize money

Authored by Lucy
Posted: Mon, 01/21/2013 - 12:00pm

Exeter Racecourse has announced a 25% increase in its prize money for 2013. More than £200,000 has been added to the total prize money on offer, bringing the total to over £800,000, with an average per fixture of £50,000.

The course’s most valuable race day, which includes The sportingbet Haldon Gold Cup which takes place on Tuesday, 5th November, is now worth £117,000, up £12,000 on 2012, while a Listed Novice Hurdle on Sunday, February 10 is worth £20,000 - its previous value was £13,000.

New to the race calendar is a Class 3 handicap chase, worth £25,000. This will be...

Exeter Business Takes Fitness Seriously

An Exeter-based marketing agency is trialling a new system to increase the physical activity of their staff, with the aim of boosting the overall wellness of the company.

Managers at Big Wave Media are hoping that by tracking their physical activity using MyZone , the team will become more conscious of their fitness.

MyZone is a heart-rate based system that uses wireless and cloud technology to accurately and conveniently monitor physical activity. Employees of Big Wave Media have each been given a heart rate monitor to wear while they’re exercising. When they bring the...

Have You Had Yours Yet?

How do people know what your company has to offer if you don’t tell them?

You can put up a sign outside your business premises listing all the things you do, but if no-one comes by and sees your sign... It won’t matter how long you keep the sign up for! Hundreds of people might go past the sign, your sign could be the best sign ever made, but if no-one who reads your sign needs your product, what then?

You could advertise! Where? The options are enormous and can be very costly.

You could Network – you probably do – but is it slightly ‘same time – same place – same...

Cornerstone completes move into purpose offices

Cornerstone has completed its move into striking new city centre offices. The eye-catching new building is in a prominent position on Western Way and will house Cornerstone’s head office team following a move from Southernhay East, where the housing association had been based for the last 70 years.

The move is a major milestone for the organisation and has been necessary to accommodate its continued growth and development. The office, built by Morgan Sindall and designed by Heighway Field Associates, features brick and glass curtain walling, while being sympathetic to the historic...

Exeter businesses receive new training support

Authored by VickyH
Posted: Thu, 01/17/2013 - 4:32pm

Regional sales training company Estadia has launched a new scheme designed to help businesses invest in essential training for their employees.

The new scheme will allow businesses to improve their cash flow while continuing to refresh and improve employees' performance. Based on the number of employees and training days that are anticipated over a 12-month period, businesses will pay a monthly fee month spread over one year that will support a healthier cash flow as well as providing a discount on the total cost of training.

Richard Palmer, Managing Director, Estadia...

Accountancy firm makes new addition to top-rated app

An Exeter accountancy firm is building on the success of its first ever app by investing in three additional features designed to expand the app’s appeal and help grow the number of downloads even further.

Simpkins Edwards launched its free app in April last year, since when it has had over 1770 downloads via Apple and Google Play stores and consistently appears near the top of search results for its category, outperforming other apps from the UK and internationally. After reviewing the app’s strong performance, the chartered accountancy firm decided to expand its functionality,...

Cullompton’s new Work Hub ready to ‘break the mould’

Devon County Council is supporting the third of Devon’s work hub projects which is opening in Cullompton on Friday 18th January.

The Hayridge Work Hub is hosting a ‘Jelly’ Event from 10am – 4pm to showcase the facilities on offer and give visitors the opportunity to meet the team, tour the building and meet other potential work hub users.

A jelly is an informal co-working event where home-based and mobile workers and small business owners can bring their laptop or papers to a venue to work, chat and collaborate with others.

In addition to flexible office areas, desk...

Blockbuster latest to go into administration

Hard on the heels of the news that HMV has gone into administration and following Jessops' closure at the end of last year, DVD rental firm Blockbuster has become the latest UK High Street casualty after struggling against internet competitors.

Chartered Accountants announce further exam success

Southernhay-based Chartered Accountants Haines Watts, specialising in the owner managed business sector, announce that Fern Stephens, a member of the audit and accounts department, is now a fully qualified Chartered Accountant having passed her exams. This success follows the triple celebration in 2012 when three other members of the firm, Andy Chant, Emma Banfield and Ryan Lewis passed their individual accountancy exams in various areas of the business.

27-year-old Fern joined Haines Watts Exeter in 2005 when she began studying for the AAT qualification. Fern continued her studies...

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