Many small business owners are not financial experts. In our experience, when we talk to people about supporting business tasks such as bookkeeping, we're often asked 'what is bookkeeping?'. Bookkeeping can be daunting for small business owners, largely because they...
Often owners put off their bookkeeping because their main priority is to run their business. However, bookkeeping for small business is not as difficult as it may appear. One thing to remember when it comes to bookkeeping no matter the size of the business is to take...
As your business grows, handling the finances can be a bit of a nightmare. Invoicing, tax returns, VAT returns and general bookkeeping can take precious hours out of the time you spend in your business, and employing someone to do it for you may be an unnecessary...
Running your own business? Not enough hours in the day to complete all the admin tasks on your desk, plus actually get some business through the door? Wondering if you’ve even made the right decision to start up on your own? Thinking that it might be time to draw up a...
If you are an entrepreneur or a small business owner, you understand how valuable time is. One way to deal with a shortage of time is to outsource your everyday tasks so you can focus on more important parts of your business. As the saying goes — do what you do best...
Knowing when to invoice can make all the difference between having a nice flow of money in your business and having no money at all. You can have different invoicing habits for different customers, projects, products or channels – you don’t have to have a...
One of the best ways to safeguard your business is to make sure that your customers can pay. Of course, some businesses solve this problem by asking for payment in advance – if you’re buying products online, for example, you have to pay before the goods are delivered....
One of the biggest bug-bears for small business owners is late payment. Your cash flow depends on payments being made on time and you don’t have huge reserves to help you get through periods of non-payment. But if you can implement some straightforward invoicing...
Starting up an e-commerce business? Or diversifying to e-commerce to give your business a new income stream? If so, you’re probably going to need some support to help with everyday tasks so that you can concentrate on strategy and making the business work. We’ve...
Many small businesses put their accounting practices in place as they go – often as the result of a problem or issue they have had with a customer or a supplier. No matter what size your business is, good process can help both to make you more efficient, and improve...