by Annie Upton | 26th July 2021 | Bookkeeping, Limited company, Sole trader, Start ups, Tips and Tricks
Being a bit cheeky about what business expenses can be claimed may seem harmless in the moment. For example, like most of us this past year you’ve been working from home. You’ve noticed a great spot just right for a hot tub outside of your home office window, so you...
by Jennifer Grocott | 10th April 2021 | Bookkeeping, Limited company, Tips and Tricks, Xero
Setting up multiple payment methods in Xero is a major quick win. Offering different payment methods makes it easier for people to pay you, and it’s actually really easy to do using Xero online payment services. Getting paid fast can really help put a business...
by Jennifer Grocott | 30th December 2020 | Bookkeeping, Limited company, Sole trader, Start ups, Tips and Tricks, Xero
Rather than a necessary evil, bookkeeping is vital to the success of your business. You’ve chosen Xero because you know having the best technology on your side is going to make it far easier on you to get the bookkeeping done and see that success faster. In the past,...
by Jennifer Grocott | 16th October 2020 | Bookkeeping, Limited company, Tips and Tricks
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...
by Juliet Wylie | 31st July 2020 | Bookkeeping, Tips and Tricks, Xero
‘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...
by Georgi Rollings | 15th July 2020 | Accounting, Bookkeeping, VAT
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...