Managing Cash Flow Revenue is vanity, profit is sanity, and cash is reality. Cash, what gets paid into our banks or our wallets/purses is the life-blood of any business. Cash is needed for a whole variety of things, including from paying bills, buying equipment, repaying loans and paying taxes. Insufficient or inadequate control of cash is one of the
Hi everyone, in todays blog we’re discussing the importance of taking time away from your business. Switching Off From Your Business. So we thought it’d be nice to have a bit of a personal touch today by sharing with you all how we switched off from our business for a few hours at the weekend when we took part in
World Mental Health Day 2018 Here at Pro Active we just wanted remind everyone to spare a moment and consider if we are looking after our mental health. From a business perspective we understand that we are all valuable business assets. That we need to take care of ourselves and our staffs wellbeing. Why should we talk about it? It’s
Employee motivation is highly important for the productivity and growth of any organisation. Employees who are motivated by their managers show good efforts, get involved in critical processes and on the whole remain loyal to their organisation. Employers should not overlook the power of motivation and should constantly try to boost the morale of their employees. Employers can help motive
Accounting for the modern age, a cloud-based accounting system. Allowing you to manage your financial information more efficiently and cost-effectively. Financial and business information plays an integral role in the management of arts businesses. It is used for many day-to-day operations: to comply with accounts, tax, PAYE and VAT obligations; to tell us about levels of cash, income, costs, debt
VAT is a tax that affects charities and arts organisations, and not just private business. This blog will look at the principles of VAT and how it directly affects arts charities, many of whom struggle when deciding which VAT rates to use for different goods and services. VAT registered businesses charge output VAT on the products and services they supply
Pro Active Resolutions are proud to announce our second year headline sponsorship with The Emcees, and their Arts & Culture Awards for Excellence in Fundraising 2018. Fundraising is a vital role for arts organisations and the wonderful efforts of these fundraisers certainly deserves to be recognised. The annual Emcees Awards, celebrating excellence in arts and culture fundraising does just that.
There should be a culture of control and fraud prevention embedded into the strategic and operational affairs of an organisation. Senior management and trustees create this culture and should lead by example in adhering to the organisation’s internal financial controls and good practice. The trustees should make sure that an annual review is conducted into the effectiveness of internal financial
Here at Pro Active Resolutions we act as a business friend to a wide cross section of businesses. The businesses vary in terms of size, complexity and what they do. However, one of the sectors that we have a strength of knowledge, experience and affinity with is the arts and creative sector. We have supported the arts sector over many
A business budget plays a vital part in an effective system of planning, control and performance management. It shows expected future income and expenditure, and translates into financial terms what an arts organisation’s future, planned activities are. Traditional budgeting systems look at current cost levels and adjust for inflation and changes in income in order to produce an annual budget.