There are so many bookkeeping myths. Let’s face it, for small business owners, they’re an expensive luxury. After all, they only input data, and you can get accounting software for that – right? That’s once of the biggest bookkeeping myths Oh boy, you’ve been listening to those myths. It’s time to set the record straight. …
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 …
What Are Management Accounts, and Why do You Need Them? Read More »
Most small businesses are happy with their bookkeeper. They searched long and hard to find someone who was the perfect fit for their company and never looked back. However, not everyone will be so lucky. Bookkeeping may not be astrophysics, but it is essential for the smooth running of your business. You are busy doing …
One of the advantages of being a small business is the ability to keep costs low. Running a small outfit means you’re agile and can move quickly. But it also means if you’re not careful, you could end up running around like a headless chicken. Learn the 4 signs that it’s time to hire a …
4 Signs That Tell You It’s Time to Hire a Professional Bookkeeper Read More »
When running a business, there are numerous areas demanding your time. Marketing, sales, budgeting, fulfilment, bookkeeping, staff – the list goes on and on. Of course, you only have a finite amount of time (and energy), so why not outsource where you can? One prime area is your bookkeeping. It can be time-consuming, so why …
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 …
Home Businesses – 7 Tips to Help Keep Overheads Under Control Read More »
Technically, if you are self-employed, you do not need to open a separate business bank account. Mind you, having said that, having a dedicated business account is advantageous; we’ll look why in a moment. If your business is a limited company, then the simple answer is that you need a separate business account. That’s because …
Why It’s a Good Idea to Have a Separate Business Bank Account Read More »
Since March 23, the UK has been in lockdown as a response to coronavirus, severely hampering businesses and disrupting their finances. There’s been a sigh of relief at the easing of the lockdown, for some businesses at least, but there are obviously still major anxieties rippling across the country. As seasoned bookkeepers, We’ve certainly seen …
