Self-Employed Allowable Expenses
As a self-employed individual, paying the right amount of tax is your responsibility. But did you know you can lower your tax bill by claiming…
bookkeeping
Bookkeeping basics is important to grasp, there are many duties which as a business owner you need to know. We guide you through the process of bookkeeping.
Bookkeeping Tasks for Small Business
Running a small business is exciting but also means juggling many responsibilities. Bookkeeping is one of them; let’s face it, it can seem scary! But…
Bookkeeping Tips, Advice and Tools For Start-Ups
Bookkeeping is a vital part of running any successful start-up. It lays the foundation for strong financial management, enabling you to make better-informed decisions and…
10 Easy Bookkeeping Tips for Small Business Owners
Did you know that many small businesses fail within their first few years? While many factors contribute to this, poor bookkeeping is often a major…
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…
Why Use a Free Business Bank Account and QuickBooks?
Integration for Easy Bank Reconciliation Staying on top of your finances is vital as a small business owner. One essential task is managing and reconciling…
Understanding Your Side Hustle Tax UK: Navigating Extra Income Tax
Knowing how that income affects your taxes is crucial when your side hustle starts paying off. ‘Side hustle tax’ isn’t just a buzzword—it’s a reality…
Reasons To Outsource Bookkeeping Services for Small Business
As a small business owner, you know first-hand how much goes into running your business. There is never enough time in the day between managing…
What is a Recurring Transaction?
A recurring transaction is a process that happens regularly, repeating over a set period for a fixed price. It can occur daily, weekly, monthly, or…