Quick Start Guide to Quickbooks Simple Start UK

quickbooks simple start UK

Imagine if you knew who owed you money, how much you needed to set aside for tax and which of your revenue streams you should be focussing on? A robust bookkeeping system will help you answer all those questions and more. Here’s a quick start guide for one of the most popular UK bookkeeping softwares.

Maternity Allowance for the Self-Employed Explained

maternity allowance

Running a business and being a mum-to-be can be a challenger. Not to mention worrying about loss of income while you take maternity leave. This allowance is brilliant if you’re a small business owner/self-employed.

Common Questions About Becoming Self-Employed

I’ve invested hours of my own time learning how to get my small business up and running. What I’ve learned over the past years of being a self-employed accountant dealing with other small business owners is that the same questions seem to persist. Below you’ll find some of the most common questions I get asked (more…)

4 Business Types Best Suited to Invoice Discounting

5 Business Types Best Suited to Invoice Discounting

Simply put, invoice discounting or factoring is where a business borrows money from a lender who advances the business cash amounts based on their unpaid sales invoices. For this reason, invoice discounting is perfectly suited as a form of finance for certain types of businesses. Recruitment A recruitment business which offers temporary or contract staff typically (more…)

What is the Difference Between Invoice Discounting and Factoring?

What is the Difference Between Invoice Discounting and Factoring?

Simply put, invoice discounting or factoring is where a business borrows money from a lender who advances the business cash amounts based on their unpaid sales invoices.  Although the process is similar, there is one key difference between invoice discounting and factoring. The Difference between Invoice Discounting and Factoring The main difference between invoice discounting and (more…)

How Does an Invoice Discounting Facility Work?

How Does an Invoice Discounting Facility Work?

Invoice Discounting is a widely used form of short term business commonly used across a wide range of industries such as manufacturing and recruitment. What is Invoice Discounting Simply put, invoice discounting is where a business borrows money from a lender who advances the business cash amounts based on their unpaid sales invoices. How Does (more…)

What is Variance Analysis

What is variance analysis

What is Variance Analysis Variance analysis is the investigation of differences between planned results against actual results. Generally planned results are based upon reasonable estimates, so some level of difference will tend to exist.  Variance analysis is therefore only undertaken where differences are unexpected or above a certain set level. An Example of Variance Analysis (more…)

6 Simple Ways to Fund Your Small Business

Six Simple Ways to Fund Your Small Business

With the growing strain on our economy that has made it difficult to have a good quality life on an average income, it is no surprise that people these days are looking to become self-sufficient. To do that, they’re either taking up multiple jobs or starting their businesses. However, many people will often have a (more…)

Should I Use a Credit Card to Start a Business?

Should I Use a Credit Card to Start a Business

It can be tough finding the start up capital you need to get your business idea off the ground. Lenders often require business history or for you to personally meet certain requirements to be eligible for borrowing.  So when offers from credit card companies land on your doorstep increasing your credit limits and tempting you (more…)