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You are in your first Management role in an organisation but you have no idea how to read management accounts? Or maybe you don’t know what they are exactly? Well, you’ve stumbled upon the article just for you: let me tell you all about what management accounts are, how to read them, and why, as a manager, you should take a keen interest in reviewing and understanding them. 

As a Finance Manager myself, I have spent a lot of time explaining management accounts to staff who were newly hired or promoted into managerial positions, who never had to engage with management accounts before. Understanding the information presented in them is not only extremely important if you wish to progress in your career (no matter what role you’re after), but it will teach you so much about how the organisation works, and how managers and senior staff make decisions about its future.

In this article, we’ll delve into the world of management accounts, exploring what they are, what they look like, and most importantly, how to read them. By the end, you’ll gain the knowledge necessary to leverage management accounts to make informed decisions and drive positive change within your organization.

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How to create a theatre production budget for theatre shows of any scale

So you want to create your first theatre production budget, eh? You can stop your search now. In this blog post, I will pour out everything I know about budgeting for a theatre production and everything that comes with it.

Creating a budget is a critical part of producing a successful theatre production. Duh. Producing a show without a budget would be like crossing the street with blindfolds and earplugs… high risk, let’s say. A theatre production budget will help you to stay on track, allocate resources effectively, and ensure that you don’t overspend. In this post, we’ll look at a theatrical budget in detail.

What we’ll cover:

• Thoughts on creating a theatre production budget

Theatre Production Expenses

• Creative Team and Actor Fees
• Rehearsal Space
• Production Crew
• Costumes and Props
• Set Design and Construction
• Marketing and Publicity
• Theatre venue hire
• Theatre performance insurance
• Ticketing fees
• Contingency
• Access and wellbeing
• Royalties, PRS, and other licenses

Theatre Production Income Forecast

• Ticket Sales
• Grants
• Donations
• Crowdfunding

Other resources

• Best practices to set up and manage a theatre production budget
• Theatre Production Budget Example

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After almost two decades of being a contributing member of society, I feel like it’s finally time for me to come out and declare my lifelong secret: hi, I’m Susie, and I am a lazy bitch.

That’s right: I may be perceived by the untrained eye as an enthusiastic worker and keen employee and freelancer, but when no one is looking I am on a continuous pursuit to do less and less… because I like lazing. Loafing. Idling. I love it. My favourite thing to do when I have a day off is nothing. When my work is done, I plop down on my massive bean bag with a book or a TV series, and I am a happy woman. I don’t even want to walk the dog: I am a potato on my potato island and that makes me happy.

Now, hear me out: you may be thinking that I’m being facetious and modest, and perhaps to a degree I am. But the truth is that although I can and do work hard when it’s needed, I would also bet that I am considerably much lazier than my colleagues believe me to be.

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Top tips on how to stay on top of your bookkeeping and avoid procrastination

As a freelancer, keeping on top of your bookkeeping can be an overwhelming task, especially when you’re trying to balance it with all the other demands of running a business. I have worked with so many artists and creative types over the span of my career so far, and one of the crucial parts of working with them is helping them manage their anxiety about keeping their books as freelancers. 

If you are a freelancer, you must know how crucial it is to stay on top of your bookkeeping, not only for tax purposes but also for your financial health and peace of mind. In this article, I’ll go over my most-used pep talks that I share with my clients to motivate them to not only keep on top of their bookkeeping, but also do it with a sense of self-pride.

What we’ll cover:

• What does bookkeeping mean for a freelancer?
• Stay on top of your bookkeeping a little at a time.
• Block time in your diary from the beginning.
• Find an accountability buddy (or two).
• Organise regular ‘tax parties’.
• Change your perspective: staying on top of your bookkeeping is like flossing.
• It is just labour: take the emotions out.
• Long-term joy over short-term misery.
• Accountability is key: you have the power to get it sorted.
• Use an income and expenditure tracker (mine perhaps?)

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All you need to know about closing your financial books.

I am so excited to share my end of year bookkeeping checklist in this article. Preparing your end of year accounts is an important task for any business: I have helped a number of small arts companies inc closing their accounting books and submit their accounts to HMRC, and this makes me familiar with the main questions and knowledge gaps that directors of small businesses have about year end bookkeeping.

As a Director, it’s important to ensure that your company’s financial accounts are prepared correctly and in accordance with best practice, to avoid any penalties or fines from HMRC, and to ensure that the final reports reflect the truthful financial position of the company. In this blog post, we’ll cover the bookkeeping tasks you should make sure are completed, as well as the checks you should carry out to ensure your accounts are in good shape for submission to HMRC.

This article will be most beneficial to small business owners who recently incorporated a limited company, and want to make sure they are following best practice when preparing their year end accounts.

What we’ll cover:

• What is accrual accounting?
• Why you should use an accounting software if you have a small business
• End of year bookkeeping checklist

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