Winning a new client is always exciting. The energy, the ideas, the possibilities—it’s why you do what you do. But in all that excitement, there’s one crucial thing agencies often forget: making sure you get paid smoothly. It’s not about sending an invoice and hoping for the best. It’s about making sure the process is […]
When a key finance team member leaves, it can feel like the ground has shifted beneath your feet. Payroll might be delayed, compliance deadlines could be missed, and the overall financial health of your business might suddenly seem uncertain. Turnover in finance roles doesn’t just disrupt daily operations; it can create long-lasting ripple effects. So, […]
When it comes to running a successful business, maintaining strong client relationships is just as important as delivering great work. But how often do we actually measure the quality of these relationships? Beyond financials and deliverables, understanding the health of your client partnerships can make all the difference in fostering long-term success. One simple yet […]
One of the most common challenges agencies face is getting paid on time without chasing invoices or dealing with unnecessary complications. Cash flow is the lifeblood of your business, and any delays in payment can quickly spiral into stress, missed opportunities, and wasted time. At Accountancy Extra, we’ve spent years perfecting a playbook of techniques […]
With the festive season now upon us, here’s our guide to the top tax tips that will make your Christmas a tax-efficient celebration! Christmas party You can hold a Christmas party, up to the value of £150 per head (inclusive of VAT) The party must be available to everyone, even if some choose […]
For creative agencies, cash flow is often unpredictable. One month, you’re swimming in cash; the next, you’re scrambling to pay your team. This “lumpy” cash flow is caused by the project-based nature of the work and the all-too-common issue of late payments. Here’s how you can smooth out the bumps and get better control over […]
Scope creep is a common challenge in creative agencies, often resulting in unplanned work without additional payment. For a digital agency owner managing tight deadlines, pricing concerns, and cash flow—this can be especially frustrating. Here are the types of scope creep we typically encounter and how we can set clearer boundaries to prevent it. Types […]
Many Digital Creative Agency owners worry about cash flow. But sometimes, what looks like a cash problem is really something else. Let’s break it down and see what might be going on with your business money. What’s a Working Capital Cycle? First, let’s look at how money moves through your business: 1. […]
When I talk to agencies about growth, one of the main topics we discuss is growing the revenue line and finding new clients. However, one key aspect to growing revenue profitably is often overlooked. That aspect is……….. Increasing your prices! About a third of the agencies I’ve spoken with this year didn’t increase their […]
I’m often asked what KPI’s you should be measuring in your business. There are two types of KPI’s and a good measurement system will use both types Lagging KPI’s These measure things that have happened already. Things like, Number of new customers signed up Average Project value Gross profit Margin Wage costs to Revenue Not […]
