What is CRM software, and Why Should Your Small Business Care?
Introduction to CRM software Building strong customer relationships is the key to unlocking sustainable growth in the bustling world of small business. But with limited…
Author: Angela Boxwell
Angela Boxwell, MAAT, brings over 30 years of experience in accounting and finance. As the founder of Business Accounting Basics, she offers a wealth of free advice and practical tips to small business owners and entrepreneurs dealing with business finance complexities.Angela has used and tested various accounting software packages; she is Xero certified and a QuickBooks ProAdvisor. Experienced in using Excel spreadsheets for her bookkeeping needs and created a collection of user-friendly templates designed specifically for small businesses.
The Control Account – A Simple Guide for Small Businesses
Keeping track of your business finances can be a real challenge. That’s where control accounts come in. So, what is a control account? It is…
QuickBooks vs Xero: Compare Accounting Software for Your small Business
Two names often come up when choosing the right accounting software: QuickBooks and Xero. But which is better for your small business? In this article,…
Making Tax Digital for Income Tax Self-Assessment
Key Dates Pushed Back – What You Need to Know In a recent announcement, the government revealed revised implementation dates for Making Tax Digital for…
What is a Sole Trader?
Becoming a sole trader might be the perfect fit if you’re looking for a simple and straightforward way to start a business. As the most…
VAT Control Account and VAT Suspense Account
Value Added Tax (VAT) can be a complex accounting aspect, but mastering it is essential for compliance and financial health. Understanding your VAT control account,…
Why Can a Bank Feed Help your Business be More Efficient?
Do you have trouble keeping up with your small business finances? If so, it might be time to set up a bank feed for your…
QuickBooks Pros and Cons for Small Businesses
Intuit QuickBooks Online (QBO) has positioned itself as a top contender in the ever-changing business technology sector, revolutionising how small and medium-sized businesses manage their…
A Guide for Streamlining Your Accounts Payable Process
In business, managing finances effectively is crucial for success, and a vital part of this is handling accounts payable (AP) efficiently. Accounts payable refers to…
Basic Excel Formulas Every Small Business Should Master
Microsoft Excel isn’t just for accountants and data analysts. Excel is a powerful tool for small business owners to track finances, manage inventory, analyse sales…
Understanding the Income Accounts: Your Guide to Tracking Revenue
While managing expenses is crucial for any business, understanding your income accounts is equally essential for growth and profitability. They provide a vital insight into…
Understanding The Expense Account
Running a small business requires more than just focusing on income generation. To ensure those sales translate into profit, you must have a firm grasp…
Bookkeeping vs Accounting: A Guide for Small Businesses
What are the key differences between bookkeeping and accounting? All businesses will use both bookkeeping and accounting to produce financial reports. Depending on your time…