Windsor and Maidenhead Voluntary action recently teamed Intuit UK up with the Sequela Foundation, a new charity for people with neurological conditions.
The charity has opened a new therapy centre in White Waltham, Maidenhead (where our UK offices are currently based), so some of the team used one of their volunteering days (we all get 32 hours per year to volunteer!) to help spruce up the centre by sanding down and painting the outside of the building.
We had a brilliant day helping out at the Sequela Foundation – it’s great to be able to help an amazing new charity in our local community.
Meet Intuit UK’s Movember team – growing moustaches this month for a great cause!
Movember began in 2003 as a dare in a bar and is now a worldwide movement to raise awareness of men’s health issues and raise money for prostate cancer. It was founded by Adam Garone and his TED talk explains more.
We’ll be keeping you up to date with our ‘taches throughout the month.
Are you taking part in Movember? Please share your pics with us on Facebook and Twitter!
Here is some inspiration. So many options to choose from!
[Source: Surex Direct Online Insurance Broker]
Have you played in the Intuit Small Business Games yet? If so, you may be wanting to know what the right answers to round one are. Here you go:
Q1. What does profit mean?
A. Total sales minus costs of goods sold
Q2. Who said this? “I’m convinced that about half of what separates the successful entrepreneurs from the non-successful ones is pure perseverance.”
A. Steve Jobs
Q3. What does the income statement do?
A. Reports the net profit or loss of a company
Q4. What is cash flow?
A. A report that shows the movement of money into and out of a business over a period of time
Q5. According to the International Finance Corporation, which is the best country to start a business?
A. New Zealand
Q6. What does margin mean?
A. Selling price of a product minus the cost price
How many did you get right?
A new set of questions is now open! Compete in the Intuit Small Business Games now.
And don’t forget, it’s for a good cause – for every participation in the Games, Intuit will donate to Kiva.org, a not-for-profit organisation that allows people to lend money to entrepreneurs in developing countries.
Intuit’s very own Small Business Games are now open!
To support entrepreneurship worldwide, Intuit is asking small business fans and small businesses to game for good – for every participation in the Games, Intuit will donate to Kiva.org, a not-for-profit organisation that allows people to lend money to entrepreneurs in developing countries.
How it works
Put your financial fitness to the test by answering six small business trivia questions. Correct answers will net you a bronze, silver or gold medal. Medals score not only boasting rights on social networks, but also donations to Kiva.org.
All Intuit donations, made on behalf of players, help entrepreneurs secure micro-loans for their businesses all over the world.
Compete in the Intuit Small Business Games now.
This guest post is by Michael Austin – a QuickBooks ProAdvisor and the founder and managing director of Blue Dot Consulting, a firm of Chartered Accountants based in South West London.
Management accounts are a vital tool for running any business, whatever its size or nature, and although they should be bespoke for the individual business, there are a number of basic principles you should follow to ensure that your company’s management accounts are fit for purpose.
Get your management accounts finalised as soon as possible after each month-end. This requires some organisation across the business prior to and around the month-end, but usually there should not be a reason to go beyond three or four days into the new month.
At the very least you should include the following reports:
- Profit & loss for the month and year to date (ytd)
- Profit & loss (ytd) compared with the prior year and with this year’s budget or forecast
- Gross profit analysis, ideally by product and by client
- Balance sheet compared with the prior year
- Aged debtors, including a list of the actions being taken to collect the older debts, say over 60 days
- Cashflow model. This should be backwards-looking for six months and forward-looking for a period that covers at least your next two quarterly VAT payments