Tuesday Networking: Q Connections
Weekly lunchtime networking and discussion group.
About the event
Our Tuesday get together aims to foster relationships between members and providing a forum for the exchange of ideas, support and networking. These sessions allow plenty of space for introductions and checking in.
It’s a relaxed, non-pressured atmosphere and a great place to further your knowledge, understanding and practice of our keystone publication, Good Business: Ethics at Work and our exploration of the Quaker Business Method.
May
| May | Money Matters | Example Advice/Query | Discussion points |
| 16 | Investments advice | Think carefully how you invest any surplus funds not immediately needed. Whilst these funds are being invested, someone else is making use of them. Is that use something you would approve of? Seek to invest in activities or enterprises that contribute positively to the local or global economy, and which raise the quality and standard of living. Consider the conditions under which the income is produced and the effect which the investment may have on the welfare of all. | Do you look after your reserve funds properly, or could they be used more effectively? Do you consider ethical investments, even if the return might be slightly less? Do you use money entrusted to you with prudence, discretion and responsibility? |
| 23 | Prompt payment | Remember that payment is owed when the job is completed. Many small businesses may experience serious cash flow problems and even become bankrupt because they do not have sufficient cash to pay their own bills. Often this is because other companies – larger or with more trading influence – have not paid them on a timely basis, not because they are unprofitably managed. | Do you know and honour your suppliers’ terms? Do you delay payment at the expense of your supplier? Do you make your own terms clear and do you deal fairly and consistently with those who do not honour them? |
| 30 | Financial accounts | Accounts are important statements about your business. They should accurately reflect your business position. The information they contain should be appropriately available to those who trade with you so that they can assess any risk. Unless you keep careful accounts and review them each month it is difficult to manage the business properly. Do not rely solely on historic figures. It is important to consider the future and to try to forecast likely events. Ensure that people handling money are competent, that they are honest and that they are not presented with undue temptation. | Do you ensure that you keep true and accurate accounts? Are your annual accounts produced in a timely manner?
Do you have your accounts audited and do you get assurance on the adequacy of your controls? Are your auditors truly independent and not tempted to be less than rigorous in their auditing? Are you vigilant against fraud, honest mistakes and intended deceit?
Do you provide your accounts to those who need to know about your business for their well-being, including your staff? |
Meeting ID: 815 1319 2676 Passcode: 480968