Turnover & Indirect Costs

This post is a complement to the analysis undertaken for Artquest in the March – May 2010 newsletters. For more details on our partnership with Artquest click here. Remember – a short column is a good thing in this graph … you don’t want to spend too much of your income on your overheads! The Read the full article…

Turnover & Production Costs

This post is a complement to the analysis undertaken for Artquest in the March – May 2010 newsletters. For more details on our partnership with Artquest click here. One of the things we’ve noticed as we analyse the 2008-9 data is that there is a dramatic difference between the profitability of the product based creative Read the full article…

Improved project function for invoices and receipts

You can now assign invoice and receipt items to a project rather than a whole invoice/receipt. Which means that you can have a more accurate data on where every penny goes. To enable this go to SETTINGS > PROJECT SETTINGS > Option 6: Set your preferences Don’t forget to click “update” to save your changes.

How not to tie up your cash in stock

Looking at the benchmark data for 2008-9 for those of you who make ‘stuff’ it looks to me like quite a few of you hold substantial amounts of stock. We reckon that holding too much stock is bad for cashflow, is a whole load of risk (there’s no guarantee you’ll sell it) and is not Read the full article…

So, you’re planning to take a product (or two, or more) to market … well here’s a few things to think about

As with services this starts with identifying your turnover goal for the next 12 months. However, unlike selling time you have a bunch of production costs which you need to take account of before anything else. As a very general rule of thumb the direct costs of production when added together should not exceed 50% Read the full article…