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Management accounts

What Are Management Accounts, and Why do You Need Them?

Management accounts are monthly or quarterly financial reports. You might think your business is too small to worry about such things, but if you don’t have them, it’s a bit like driving in the dark without your lights on – you won’t see obstacles until you hit them head-on. Knowing your order book, how your …

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bookkeeping software

Xero and Receipt Bank – the perfect bookkeeping software combination

Our earlier article looked at the 4 signs that tell you it’s time to hire a bookkeeper. Well, now you’ve decided it’s time to ditch your shoebox receipt filing system and get some professional help one of the many advantages you’ll enjoy is access to bookkeeping software. The great thing about using a professional bookkeeping …

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home businesses

Home Businesses – 7 Tips to Help Keep Overheads Under Control

It’s a harsh fact, but over 50% of new businesses fail within the first five years. That’s why if you decide to become your own boss, the lower your overheads, the better. To help you out, here are some tips about setting up home businesses while keeping overheads super-low. Home office or rented office? Do …

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e-commerce VAT changes

Are You Ready for the E-commerce VAT Changes?

E-commerce businesses have experienced a boom of late. The lockdowns we’ve all endured appear to have sent us lunging for our laptops. In fact, four in ten Brits have done more online shopping since the pandemic than before. That’s great news if you run an e-commerce business. But before you get the champagne out and …

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