Why is bookkeeping important and do I need to do it myself?
Keeping on top of your bookkeeping can be a time consuming and stressful activity when you’re doing it yourself and running your business too. To break down the job title – ‘Bookkeeping’ is the practise of recording and tracking the financial transactions of a...
Open banking is giving Xero users an automatic quick win
‘Open Banking’ can sound a little bit scary at first. When you’re thinking about banking, you’re not thinking “Hey I’d like my finances to be out in the open thanks”. Don’t worry – that’s not what it means. Although it sounds sketchy, Open Banking actually...
What is turnover
Your business ‘turnover’ is not your ‘profit’, though often we find the two can be confused. ‘What is turnover?’ is one of those questions candidates get asked on Dragons Den, and many business owners on the show get muddled trying to explain it. We get why! It’s...
5 Top Tips to Get the Most out of Xero
If you are using Xero you will probably have heard that this is the market leading cloud accounting software in the UK. You may be expecting minor miracles, where everything is easy to do straight out of the box. You should have immediately seen improved visibility...
What are the pros and cons of using Receipt Bank?
There are now thousands of digital apps designed to make all the financial stuff you hate a heck of a lot easier. You’ve probably seen the adverts on TV about digital accounting. Some actor or other waving a mobile phone at you, telling you you should stop spending...Follow Starfish Accounting
