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How to beat the crunch

PUBLISHED: 18:03 01 October 2008 | UPDATED: 11:34 12 August 2010

As the impact of the credit crunch continues to be felt across the country, one of the key questions for the economy is how small businesses can remain confident about their future prospects. ACCA (the Association of Chartered Certified Accountants) is a

As the impact of the credit crunch continues to be felt across the country, one of the key questions for the economy is how small businesses can remain confident about their future prospects.

ACCA (the Association of Chartered Certified Accountants) is actively participating in BT's Small Business Week, which takes place from October 13-17. This campaign will highlight the reasons for confidence in small businesses, despite the current economic outlook. Careful planning is necessary now more than ever. We recommend that small businesses should maintain a meaningful dialogue with their accountants and banks.

Could you

switch accounts and find a better deal with a new bank?

Could your current bank give you any special deals as a loyal customer? Chase your cash-flow, ensure management accounts are up-to-date, and that all key financial reconciliations are completed, reviewed, and outstanding items cleared.

Further information on Small Business Week can be found on www.sbw08.co.uk

Wyn Mears

Director, ACCA UK


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