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Can A Smart Meter Help With Business Costs | Advice on Business Costs | Accountancy Advice Business Rates
Can a smart meter help with business costs? 758 513 Stepping Stones Accountancy

Can a smart meter help with business costs?

Staying on top of your costs is important for a small business and adopting a policy for best practice cost savings can be extremely beneficial. As the UK economy continues to fluctuate, we are seeing increasing utility charges. Focusing on running costs and energy usage should form an integral part of the businesses best practice cost saving policy.

Clearly staff have a responsibility for embracing cost savings, areas such as keeping temperatures to an optimum level, switching to energy efficient lightbulbs, switching off devices rather than leaving on standby and moving to a paper-free ethos are just some areas that can be focussed on. However, ultimately it is the business owner who must lead by example and make sure all the best practice savings are deployed.

Something which will help almost immediately is the installation of a smart meter. This device will allow better understanding and control of the business’s energy usage and costs. The UK Government are big advocates that the business community start to benefit from the introduction of smart meters.

A smart meter will provide real-time analysis on energy usage which is then fed directly back to the energy suppliers. This information can put a business owner in better control with greater visibility of how to make the business cleaner whilst also saving on running costs.

3 key benefits of why your business should install a smart meter:

  1. A smart meter gives immediate data which results in accurate billing. In essence, you will only pay for the energy that you use so from a budgeting perspective you can accurately predict your energy costs and help to successfully manage cashflow.
  2. You have total control and can easily manage every aspect of your energy usage.
  3. Not only do you benefit from real-time energy analysis, but you can also make use of historical data. The smart meter will give you access to energy statistics dating back 12 months. This helps with monitoring the success of cost saving activities that have been deployed and with budgeting.

Whilst we are not experts with the installation of smart meters, we are a firm of proactive accountants looking to help the small business community.

If you have any questions or need some help, please call us on 01173 700 079 or e-mail You can also book a free 30-minute call with Yarka –

Managing Cashflow 150 150 Stepping Stones Accountancy

Managing Cashflow

In our latest animated video we show how with a little bit of help from your accountant and a cashflow forecast report, you can budget for new equipment that is needed in your business.

Cashflow Forecasting | Business Support with Cashflow | Accountancy Help Bristol | Help Planning Cashflow
Cashflow Forecasting 758 513 Stepping Stones Accountancy

Cashflow Forecasting

Cashflow has never been more important for businesses than in 2020. The Coronavirus pandemic has shaken businesses to the core and with the potential of a second wave a potential second wave, company owners are left wondering if their business can survive another lockdown.

With government support tapering and uncertainty about what the next few months hold, cashflow forecasting is vital to understand the position of the business. Historically, many owners have worked this out in their heads or in convoluted spreadsheets but the danger is that something gets forgotten and a large, unaccounted for, outgoing could cripple the business.

Now, more than ever, accounting software is vital. A simple, easy to understand, forecasting tool that helps businesses understand their financial position and identify areas for concern, before they become overwhelming, is something that can help businesses navigate the turbulent months ahead. By understanding the business needs in advance, company owners can try to mitigate any risks identified, putting them in a stronger position to survive any further lockdowns that may come.

Our job is to guide you through the implementation and interpretation of the data in order to provide accurate cashflow forecasting. Making the process as simple and easy to manage as possible will ensure that you have real time data, providing accurate updates at any time to help underpin any vital business decisions that need to be made.

If you have any questions or need some assistance then please call us on 01173 700 079 or e-mail

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