Accurate and up-to-date finance reports helps you monitor the health of your business, and spot any areas which might need attention. Use our free resources to learn more about financial reporting for your business. Keep an eye on your Profit & Loss, track payables to avoid unwanted surprises, and gain useful insight maximise efficiency.
Nobody enjoys seeing deductions come out of their hard-earned cash, but paying National Insurance is one of the necessary evils of self-employment. The amount that you pay towards NI depends on how much you earn, and even how you earn it, such as through an employer or as someone who works for themselves. Why do…
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…
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…
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…
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…
