What are Balance Sheets?

The idea of looking at financial reports for your business can feel unnecessarily corporate. After all, you’re not running Amazon (unless you are, in which case our performance report is going to look amazing this month). Anyway, our point is that financial reporting isn’t just for big organisations, and anyone can benefit. Which is why,…

Do I Need A Trial Balance Report?

Using a trial balance report is a great way to keep your business accounts on the right track. At the end of an accounting period, it’s an important step in closing your books. But what is a trial balance report and how do you put one together? Get comfortable, and we’ll take a look! What…

How Do I Create A Profit And Loss Report

How Do Businesses Use Profit and Loss Reports?

No matter the size of a business, monitoring profits, expenses and cash flow is vital. Business owners need to know exactly how their business is doing financially, and the best way to do this is to dig into the numbers and create reports. What is a profit and loss report? Looking at high sales figures…

How Can I Make Better Business Decisions

Helping Businesses Make More Informed Decisions

Being a business owner has many great benefits, but there are a few challenges along the way too. One of the biggest things to overcome when going into business is the fine art of decision-making. Without a boss to consult (and to take responsibility if things go wrong), making decisions can seem a bit daunting….

Is There An Easy Way to Keep Track of Supplier Payments?

Is There An Easy Way to Keep Track of Supplier Payments?

Managing payments to suppliers can become confusing, especially if there are lots to keep track of. Like with most aspects of business finance though, careful monitoring goes a long way towards keeping things running smoothly. We explain how supplier payments can affect a business, and how to keep on top of them. Why it’s important…