When Should I Increase My Prices?

No matter how passionate you are about your business and its customers, the fact of the matter is that making money is always going to be high on your list of priorities. For some, right at the top. That’s why creating a solid business plan is so critical, and why we’re always going on about…

Are Expenses and Costs the Same Thing?

In business the terms “costs” and “expenses” are commonly used interchangeably and, whilst this is fine in everyday conversation, it’s good practice to define the difference when we’re talking about a business situation. The reason for this is that costs and expenses are recorded differently in a business’s accounts and, in some cases, have different…

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…

Pandle Update: Net Categories in Cash Flow Reports

Pandle Update: Net Categories in Cash Flow Reports

It doesn’t matter how big, small, or medium-sized your business is, monitoring cashflow is critical. Even if you have lots of money coming into the business, if it’s going out just as quickly then you might still struggle to pay your bills on time. Keeping an eye on your cash flow means you’ll be able…