Free Guides for Businesses
The Top 8 Free Business Accounting Guides from Business Accounting Basics
If you’re running a small business, you know how important it is to stay on top of your finances. That’s why we’ve compiled a list of the top 8 free guides from Business Accounting Basics.
From company formations to VAT to bookkeeping for the self-employed, these articles will help you get your own business started and help with business success.
1. Small Business Planning
A business plan is a written document that describes in detail how a business, usually a new one, is going to achieve its goals. A business plan lays out a written plan from a business perspective. It is a road map to business success.
The business plan sets out the company’s goals and objectives and how they are to be achieved. It covers all aspects of the business, from marketing to finance and operations.
Strategic planning is an essential first step in starting a business. It allows you to communicate your business idea to potential investors to obtain funding, customers, employees, and partners.
It is also a valuable tool for existing businesses to review their performances and make necessary changes to ensure continued growth. Our guide on writing a small business plan can help you create your own business plan step-by-step.
2. Company Formations
A company formation is a legal process of creating a new company. There are many advantages and disadvantages of different types of companies, so it’s important to choose the right one for your business. The options are sole trader, partnership, limited company and public limited company.
Our free guide provides information on the advantages and disadvantages of being a sole trader, as well as the advantages and disadvantages of a limited business. Whether you’re just starting out or looking to expand your business, our guide can help you make the best decision for your company.
3. Small Business Accounting
To run a successful business having the correct financial figures is essential. Whether you are a small or large business, our guides on small business accounting can help ensure your accounts are up to date and accurate.
Start by reading our guides on accounting basics and bookkeeping basics. They are both aimed at start-ups and existing small businesses.
Accounting Software
As a business owner, you know that accounting is essential to running your business smoothly. But with so many different accounting software programs on the market, it can be difficult to know which one is right for your business.
That’s why we’ve put together a free guide on small business accounting software. In this guide, we’ll give you an overview of the different types of accounting software available and help you choose the best program to fit your business needs by looking at the different features, including sending invoices and how to receive payments quicker.
Whether you’re just starting out in business or have been in business for years, our guide will give you the information you need to choose the best accounting software for your business.
Excel Bookkeeping Templates
Looking for some free excel bookkeeping templates? Look no further! Our templates are free to download and use and come with full instructions. They’re perfect for small businesses that want to keep track of their finances. The templates include a cash book, petty cash, fixed assets, cash flow forecast, balance sheet and profit and loss.
So what are you waiting for? Download our templates today and get started on keeping your finances in order!
4. VAT
VAT, or Value Added Tax, is a tax levied on selling goods and services in the UK. The current VAT rate in the UK is 20%.
VAT is a complex tax, and businesses must carefully track and record all VAT transactions in order to correctly file their VAT return. There are several different VAT schemes available for businesses, depending on the size and type of business.
The most common VAT schemes are standard VAT, annual accounting, flat rate VAT, and cash accounting. The VAT threshold rate is the minimum amount of turnover a business must have in order to be required to register for VAT. The current VAT threshold rate in the UK is 85,000 GBP. Businesses that exceed this threshold must register for VAT within 30 days or face penalties.
Read our articles on VAT and the different schemes available.
5. Bookkeeping for the Self-Employed
Our bookkeeping guide for the self-employed is packed with everything you need to get started on the right foot. We cover the best accounting software for sole traders and partnerships and how to keep your records in order come tax time.
We’ve also included a handy tax calculator so you can work out how much you need to set aside each month. Whether you’re just starting out or have been self-employed for years, this guide will help you stay on top of your finances.
6. Running an Online Business
If you’re running an online business, there are some special considerations you need to take into account. This guide will help you ensure your business is legal and compliant with all the relevant regulations.
As a start-up selling online services and products to customers is complicated to know where to start, we look at some of the options available, including where to get advice in setting up a website, including retail operation.
7. How to Save Money in Business
As a small business owner, it’s important to be mindful of your spending in order to ensure the financial health of your business. Looking at your costs and setting a budget are two key ways to save money.
When it comes to costs, take a close look at what you’re spending money on and see if there are any areas where you can cut back. It’s important to set a budget and stick to it. Make sure you include all of your income and expenses in your budget so that you have a clear picture of your financial situation.
By being mindful of your costs and setting a budget, you can save money as a small business owner. Read our guide on the top money-saving tips.
8. Starting a Bookkeeping Business
If you want to start your own bookkeeping business, read our guide based on our experiences running our bookkeeping business.
The guide includes information on qualifications, how to find new clients, insurance and anti-money laundry.
Free Guides – Conclusion
In this guide, we’ve provided you with information on the different types of accounting software available and how to choose the best one for your business. We’ve also included templates that you can use to keep track of your finances. Additionally, we’ve covered VAT and bookkeeping for the self-employed, as well as tips on how to save money in business.
So what are you waiting for? Start using our guides today to get your small or new business finances in order!
Further Free Guides for Business
If you are looking for further free business guides, The Crunch has lots of useful information.
Return from free guides to Business Accounting Basics page.
