Chat with us, powered by LiveChat Blog - YRH Finance Team


Looking for the latest accounting and finance news, advice and top tips? You’ve come to the right place. As part of our commitment to supporting SME owners we’re happy to share our knowledge. Happy reading!

financial planning

How to unlock the benefits of SME financial planning

We explore what best practice financial planning looks like for an SME, why you should be doing it, and the best way to plan and forecast effectively to enable your future success.

Read more
data analysis

Harnessing Data to Unlock Business Growth

Are you getting the most from the data produced by your business? Good data analytics can make all the difference when it comes to decision making and strategic planning. Improve your data analysis today with just a few changes.

Read more
VAT returns image

Expert advice for timely and accurate VAT returns

Submitting inaccurate VAT returns can negatively impact a business in a number of ways. Unwanted attention from HMRC is just one issue, let alone the financial consequences or damage to your reputation.

Read more
processes controls image

The importance of robust Financial Processes and Controls

Having effective financial processes and controls is crucial to maintaining the health and integrity of your business. But how you optimise this area of your finance function? We’ve got three top tips to get you started.

Read more
payroll image

Top tips to improve your Payroll and Pensions Management

From staying compliant with legislation to staying onside with your employees, making sure that your payroll function is working as efficiently should be a key factor for your business’s finance operations.

Read more
hiring cots blog image

Hiring in-house finance professionals – A high risk and high-cost approach

Why hiring in-house might not be all it’s cracked up to be when it comes to your finance function. As many businesses are coming to realise, the risks often outweigh the benefits and may not be the best way forward.

Read more

Using relevant KPIs to improve your management accounts

Good quality management information and key performance indicators (KPIs) can make all the difference when it comes to the success of a business. Without this information, it’s much harder for business owners to make informed decisions and to plan strategically.

Read more

Future proof your business with good budgeting and forecasting

Robust budgeting and forecasting are key components when it comes to the financial management of your businesses. And it’s even more crucial during uncertain or challenging times.

Read more
esg strategy

How can an ESG strategy benefit your business?

Find out why an Environmental, Social and Governance (ESG) strategy is so important and how your business can use it to deliver positive outcomes. Elephants Child provide invaluable practical guidance to begin your ESG journey.

Read more
finance team

Boost your Finance Team to gain a competitive advantage

Behind every successful business, there’s a strong Finance Team. As we’re sure you’re aware, having a dedicated, efficient team is paramount for sustainable growth and long-term success.

Read more

Streamline your accounting system to boost your business performance

Embracing technology when it comes to your accounting systems, can make a huge difference when you need to generate accurate financial insights for your business.

Read more

Maximise Bookkeeping Efficiency – Expert Tips for Small Business Owners

Whatever type of business you operate, accurate and timely bookkeeping records are essential. They enable you to track your progress, generate financial reports and help you to identify areas for improvement.

Read more
credit control management

Gain control of supplier payments with better credit control management

Robust credit control can influence your business in more ways than you might imagine. But with the right processes in place, this can only be a good thing. So what are the key changes you can implement to ensure that your suppliers pay you on time.

Read more
cashflow review

Create more cash with effective cash flow management

Positive cash flow not only ensures that you have the liquidity to meet your obligations but it’s also crucial to successful business growth.  But what practical steps can you take to make sure your cash flow management is as effective as possible?

Read more
Group of people in a meeting

Surviving the corporation tax hike by harnessing the power of Management Information

With corporation tax having recently increased to 25% for a significant number of SMEs, being able to harness the power of Management Information to stay ahead of your tax liabilities could be the answer to limiting the financial impact on your business.

Read more

How to prepare your business for a recession

The prospect of a recession isn’t nearly as daunting when you know you have clear contingency plans in mind. The key to giving your business the best chance of coming out the other side in the best possible position is to be prepared.

Read more

What’s the difference between a Financial Controller and a Finance Director?

FCs and FDs have different responsibilities and add different value to your business. So it’s important to be clear on the remit of each role from the outset – and to make sure you have the right people, in the right roles, at the right cost.

Read more

Discover the difference a financial controller can make to your business

Now, more than ever before, it’s vital that SME business owners understand their key numbers and ensure that the accounts function in their business is fit for purpose and helping to improve profit margins and cashflow.

Read more
Business performance

Insourcing Vs outsourcing your finance team

If the past 2 years have taught us anything, it’s that we all need to be increasingly adaptable to what’s happening in the world around us.

Read more

6 myths and misconceptions about SME finance function needs

If you want to grow your business, you need to get to grips with your key numbers – and what they really mean to your everyday operations, as well as your longer-term plans.

Read more
Lady working at desk

7 step checklist to make a difference…

Where does your business stand right now? Are the numbers looking healthy?

Read more