According to startups.co.uk, around 20% of new businesses fail in their first year. Small businesses have had to weather a number of storms in the past, including the pandemic, exiting the EU and managing increased prices, but with a bit of planning, resilience and a...
Good invoicing helps to promote good cash flow, which is an essential part of keeping your business afloat. Don’t see it as a chore – see it as an important and necessary task, and get it right so that your customers are more likely to pay and you’re more likely to...
One of the biggest problems faced by small businesses is late payment. It can have a critical impact on cashflow and is often the reason that businesses fail. You can, however, put yourself in a strong position by using affordable bookkeeping services or outsourcing...
For many small business owners, bank reconciliation is one of the many administrative tasks you could do without. But it’s critical to the financial health of your business – and the best way to regularly check that everything is in order. Of course, if you really...
There are several reasons why your business may choose to register to pay Value Added Tax (VAT). Whatever the reason, you’ll need to understand what you have to do, and how you keep your VAT account and payments accurate – and our handy small business VAT guide is...
Good cashflow management is vital for small businesses – careful management can keep you afloat and put you in the best position for growth. So it’s important to implement cash controls for small business success – here are 9 simple tips for how to save and manage...
They could be – without even knowing it. And although your VA would be responsible for any fines levied, your business and your reputation could be at risk. So if you are already using a virtual bookkeeping assistant, or you’re thinking of outsourcing this task to...
 One of the tasks that business owners outsource most often is finance. Bookkeeping, for small business owners, can be time-consuming, complicated and a long way down the list of important jobs to do. And yet it’s one of the most important roles. Good books mean a...
In businesses of all sizes, understanding the essential elements of financial business documents is important. Two of the most critical documents are invoices and purchase orders. These documents serve distinct purposes and are integral components of an efficient...
Bookkeeping is an essential business task, helping you to keep track of your finances and support good business operation. In this blog, we look at the need and various options for finding bookkeeping help for small business success. What's in this blog? Why do you...