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...
by Georgi Rollings | 2nd July 2020 | Accounting, Bookkeeping, Limited company, Sole trader, Tips and Tricks
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...
by Georgi Rollings | 26th June 2020 | Bookkeeping, Limited company, Sole trader, Tips and Tricks
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...
by Georgi Rollings | 11th October 2019 | Accounting, Bookkeeping, Limited company, Tips and Tricks
We hear a lot about app stacks when we go to cloud accounting conferences – but what is an app stack? Really it is looking at what combination of apps will give you the best functionality to make it easier for you to run your business well. As accountants we...