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Accounts

23 articles in Accounts
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There is a vast array of accounts software available for keeping your accounts which can be overwhelming if you don't know what you need to do or the best way of doing it.…
Both an accountant and a bookkeeper have valuable roles to play in your business and generally you need both and not one or the other. A very simple explanation of their roles is…
We have been working with Xero accounts software for a number of years and have found it to be very valuable to some businesses. So what are the benefits for our customers?…
The provision of clothing to yourself or your employees is not a tax deductible expense. If you provide clothing it must be declared as a benefit on a P11D and Class 1A National Insurance Contributions will be paid. Your employee's tax code will also be adjusted to account for this taxable benefit. However if you or your employee is required to wear a uniform as part of their duties - a nurse for example…
There is a vast array of accounts software available for keeping your accounts which can be overwhelming if you don't know what you need to do or the best way of doing it. When you set up a business you need to record your trading income and your trading expenses. This is basic accounting and can be done by keeping a hand written record of your bank and cash transactions in a cash book. As your business grows you may find it a bit tedious to…
Xero is becoming more popular with our customers. The 24/7 availability of accounts information and access to current and previous management reports helps business owners work on their business and plan cash flow and growth. Xero have offered two months free to new customers who sign up before …
Lots of service suppliers add "disbursements" to their invoice - solicitors and accountants are an example - but what is a disbursement? …
A long term client of ours with a rapidly growing business has just made the switch from Sage to Xero. We have used Sage for their accounts for many years but it is becoming more cumbersome for some types of business…
Lots of businesses struggle with cash flow particularly in times of rapid growth and banks are frequently not forthcoming with an overdraft or loan. If they are you generally have to jump through hoops to get one. Overdrafts should be for seasonal fluctuations in cash flow not for…
The introduction of online accounting software has made keeping your accounts so much easier. Sage has never been easy to use, although as bookkeepers we…
23 articles in Accounts
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