Accounting helps small business owners to gauge what happens inside their business so they can make better financial decisions and helps to keep their records in order to meet legal requirements. In this section, you’ll find all the essential accounting guides for Limited Company Directors and the self-employed about accounting, keeping records and reporting requirements.
Popular Accounting Guides:
Are you wanting to increase your payment options for your small business? If your answer is yes, then you’ll be making things much easier for yourself and for your customers to pay you. When you accept online payments for your small business, you’ll limit the amount of paper trails and find all your financial data … Read more
Any self-employed person who runs their own business knows that balancing everything from marketing to accounting is a great deal to manage. However, the workload of crunching numbers almost becomes a doddle when you enlist the help from accounting software. While you’re focusing on the day-to-day business tasks, accounting software for sole traders can save … Read more
Find out how to chase unpaid invoices and get email templates you can send to your clients if you’re not getting paid for work you’ve done.
Whether you’re new to the world of invoicing or an established business owner who needs to brush up on your skills, it can take a while to get invoicing right. While there are various ways to send an invoice, being professional is key to best practice. In addition, when you understand how to send an … Read more
If you’re struggling to keep track of all your invoices, then maybe it’s time you switched to using an invoicing management system to help you get organised. Most invoicing software offers easy solutions for tracking all sales, projects or billable hours and collecting payments so you can get paid on time. Before deciding on which … Read more
The trend of accepting online payments for sales has seen a revolution in the past decade and has rocketed further in a post-Covid world. This is good news for small business owners because online payment companies have invested considerably to improve their services. Offering your customers a range of online payment methods via invoicing software … Read more
Does the term payment terms send your head into a whirlwind of confusion? Are you uncertain of what payment terms to use on your invoice? Getting paid promptly is critical for running a profitable business. If you don’t clearly outline your payment terms, it’s very likely your clients won’t pay you on time. There are … Read more
When you run your small business, tracking your invoices and payments may seem tiresome, but it’s paramount to ensuring success. Disorganised invoice management can have an adverse effect on your finances, particularly in relation to cashflow, taxes, income and expenses. As your business grows, you might come to the conclusion that you need a more … Read more
You’ve carried out your work, sent the invoice with Payment Terms to the customer, but now the payment is overdue. Even worse, you haven’t had any response from them. So, what do you do? Firstly, don’t panic! Often, it can be a genuine mistake; for example, forgetfulness, but when this isn’t the case, you’ll need … Read more
Whether you work in finance or are looking to hire someone to help with your business finances, understanding and the difference between an accountant and a bookkeeper is key to taking the right next step. Accountant v Bookkeeper In a nutshell, a bookkeeper is responsible for collating all the financial records of the business and … Read more