5 Habits of a Lifelong Learner If you’re looking to set yourself up for professional success, you must take a good look at the daily habits that you have. In order to succeed, you must grow. In order to grow, … Read More

Knowing Your (Global) Numbers When thinking about your business, where do most of your customers live? Where are you looking to expand your customer base next? If you don’t already have some international customers, chances are you likely will. In … Read More

Why Numeric Recruits for Attitude It’s no secret that the global economy today is undergoing substantial changes in the wake of the Covid-19 pandemic. While businesses in the U.S. are faced with the “Great Resignation”, it was recently reported that … Read More

Is Remote Work the Great Equalizer? When Covid-19 first forced the world into lockdown back in March 2020, firms grappled with many challenges, chief among them the transition to remote work.  Luckily, for the team at Numeric, it was business … Read More

Why Xero? Numeric has been nominated for an award by Xero which we are enormously proud of. It got me thinking about Xero and why it works so well. While we will work with any accounting platform that improves our … Read More

5 Key Reasons to Switch to Xero Cloud-Based Accounting The dollars and decimals that constitute your business define its success… or its failure. It’s critical to have control over your accounting to keep up-to-date on your business’ financial health, keep … Read More

BEST PRACTICES IN ACCOUNTING & FINANCIAL PLANNING:   Clouds aren’t just for meteorologists anymore. Upwards of 90% of companies use some sort of cloud-based platform according to findings by 451. What is causing such a stratospheric shift, and what benefits … Read More

BEST PRACTICES IN ACCOUNTING & FINANCIAL PLANNING:   Every business owner wants the numbers of their business to be accurate and precise. If business figures are inaccurate, underestimated, or overestimated, they will give a false impression of the business and … Read More

Scaling businesses require adequate funding to support their growth, which includes assembling a well-rounded and experienced team, creating a solid financial and business strategy, and successfully executing it.

An important part of maintaining a healthy, long-term relationship with investors is providing them with accurate and timely reports and forecasts. … Read More

I was flicking through Verne Harnish’s book Scaling Up and I came across the concept of the Valley of Death. This is something I have seen in a number of different guises. His version is interesting as it warns us of a number of Valley’s as the business scales. Specifically he groups ‘Firms’ into four sizes from $50 million in Revenues; the four stages of growth in a scaling business. … Read More

Have you ever considered the difference between Action and Activity? I was reading a book on personal growth recently and it was outlined. On a personal level we can spend much of our time being busy, demonstrating plenty of activity but this may not be worthwhile action. Many of us are more comfortable in activity but this prevents us from getting into worthwhile action. … Read More

The Inner Ring was recommended to me only last week.  I’m not sure how I made it this far without knowing about it.  Forgive me, if you know it well and have it thought through.  If you haven’t come across it, it is worth a read. … Read More

I’m writing a blog on remote working and in the process I came across Adam Grant, an organizational psychologist who specializes in how we can find motivation and meaning in work, and live more generous and creative lives.

Grant is interviewed by Rich Roll in a recent podcast. Among a number of items, including the revolution in remote working that could be coming our way, they discuss how we promote our ideas. I was taken by the Preachers, Prosecutors and Politicians concept.

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Finance as a Service is a remote team, that can commence their service on demand, increase it or decrease it as needed, they use automated contract software and there are no set up costs or infrastructure costs required.

FaaS uses a subscription model and all the software deployed is cloud based. The software includes automatic and frequent updates, timely improvements and security is at the highest level.
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So what makes for a good Three Way Forecast? My priority is the ability to print (PDF) into three summary pages no matter how complex the model, including key assumptions. Complexity and detail are fine if you are driving the model but for the reader it must be concise.
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Why is this relevant on a blog for entrepreneurs with an interest in improving their finance capabilities? It’s January and for most of us this is a time for us to do some more planning. You may just be refining your plan but somewhere in that plan you have goals. There is one thing we all experienced in 2020 and that was having our plans turned on there head. Maybe for the better but upside down none the less. … Read More

The finance world is particularly bad when it comes to abusing jargon. We don’t even know we are using it most of the time. Future proofing, growth strategy, below the line, bottom line, hit to the balance sheet, EBITDA, funds flow and this week’s topic KPI, to name a few. … Read More

Élan Corporation plc was the first Irish business that I remember having an extraordinary valuation. For those of you too young to remember, it was a Pharmaceutical business “founded in Ireland by American businessman Don Panoz in 1969. In the late 1990s its value on the Irish Stock Exchange reached over €20bn. However, in 2002 an accounting scandal and investor reactions to the global slump, caused a major devaluation resulting in a share price slump of over 90%” (Wikipedia). … Read More

Leonardo da Vinci was a polymath (a person of wide knowledge or learning) and he was good friends with Luca Pacioli an Italian mathematician & Franciscan friar. He is referred to as “The Father of Accounting” in Europe and he documented the accounting system we use today in a book called the Summa de arithmetica, geometria. Proportioni et proportionalita (Venice 1494), a textbook for use in the schools of Northern Italy. The accounting system he described was in use at the time by Venetian merchants. … Read More