Financial glossary
Plain English definitions of the financial terms that matter most for UK small businesses. No jargon. No accounting degree required.
What is cashflow forecasting?Predict your cash position weeks ahead
→What is a profit and loss statement?Revenue, costs, and profit explained
→What is a balance sheet?Assets, liabilities, and equity
→What are management accounts?Monthly financial reports for decision-making
→What is gross margin?The most important number on your P&L
→What is working capital?Can you pay your bills this month?
→What is cash cover?How many weeks can you survive?
→What is a debtor book?Money owed to your business
→What is budget variance?Plan vs actual spending
→What is a fractional CFO?Part-time financial leadership
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