Category:
Accounting & Finance
The Truth Behind Successful DIY Bookkeeping For the owners of a small business, time is of the essence. Flying solo or with a small team, business owners need to cover many bases. One of those bases is financial record keeping or small business bookkeeping. If your accounting and bookkeeping records are current and accurate, chances are... Read more
Invoice Design That Gets Invoices Paid Faster Cashflow management is crucial for every business. Most businesses prefer to be paid as soon as they have delivered a product or completed a job. However, most must wait until an invoice has been paid. A poorly designed invoice can cause confusion, annoyance, or apathy at the client’s end. This... Read more
Categories:
Accounting & Finance,
Small Business
The Invoice Lifecycle Understanding the accounts payable process An invoice goes through various stages, from the moment a sale occurs to when you get paid. Understanding and managing every step efficiently can make a massive difference to your bottom line, especially in the case of new start-ups and small businesses. By understanding all... Read more
How to run your business on the go and improve your cash flow Guest post from Intuit Quickbooks Most business owners say their mobile phone, not their desktop computer, is their most important business tool. Yet despite the new technology we have to manage our business, cash flow problems remain the number one reason 50% of new businesses fail in the first five... Read more
Categories:
Accounting & Finance
Is adopting accounting software worth the time? You will often hear your Accountant, or more likely your bookkeeper, speak about a "Chart of Accounts" or "General Ledger" which stores all of your business transactions in much the same way that the cupboards, shelves and draws in your kitchen are used to store the pots, pans and ingredients... Read more
Mind your own bees wax There is a common misconception in business that doing something manually without external help is more cost effective than getting someone else to do it for you. There are many distractions facing business owners today and unless they focus on the areas that bring in the greatest return they are... Read more
Design invoices that get paid Most business owners wish for a perfect world where they get paid as soon as they have finished a job. But, as they learn quickly - the reality is far from perfect. Invoices do not get paid easily and timely. Tracking unpaid invoices and chasing overdue payments are a business... Read more
Categories:
Accounting & Finance | Tags:
accounting software
Year end tax planning strategies for small businesses Year end tax planning for small business owners is essentially the use of legitimate strategies to accelerate deductions and to defer the recognition of income. Where the business owner has chosen to adopt the “Simplified Tax System” (STS), there are a different set of rules applying to some of these... Read more
Accounting automatons Remember how the rise of the PC was going to free us from mundane tasks, opening up great swathes of time for more interesting activities? Accounting software is one area where that promise came true. Helen Bradley considers the options. It’s not a glamour application but accounting software is, nevertheless,... Read more