Yearly Archives: 2014

6 Tips for Managing Cashbooks

A few tips for managing your cash book:- Keep up to date Don’t fall too far behind, little and often is the best way to stay in control. Touch base with your books as often as you can. Be methodical Organise your source documents ahead of data...

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Essential Apps – Skype

Skype is an application that allows you to talk as though on a phone through the internet using your computer or handheld device. It is an excellent communication tool to support remote working and to bring teams together to work on their...

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VAT – You’re just a tax collector

So you hit the turnover threshold and register for VAT. What does this mean? Up to now VAT has just been a cost to you. You and your business have charged it on what you buy and it has simply been an extra amount of cash you have had to pay for...

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5 Essential Tips when Starting a Business

So you’ve decided to take the plunge! You’ve got it sorted in your head that you’re leaving your job. You’re starting a business…it truly is a daunting task, there are so many things to remember to do! Here’s 5 practical tips for when you’re...

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Bank statements explained

Ever wondered why when you have money in the bank account this is shown as a credit balance and when you are overdrawn it is shown as a debit? This is because the statement looks at things from the bank’s point of view so if they are holding...

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What is a journal?

Routine accounting transactions tend to be bank/cash payments or receipts (money in) and in a ledger system purchase or sales ledger invoice postings. These will comprise the bulk of day to day entries used to record the activities of a business...

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What to look for in a lawyer

When looking for a lawyer, there are a few things you may like to consider before choosing the one that is right for you. Although not exhaustive, the following list does outline some of the major considerations that should be taken into account...

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Choosing your accounting package

For most small companies tailor made or “bespoke” accounting packages are not an option. Even very large companies tend to use “off the shelf” systems for finance management. So you will need to make this important choice from the array of...

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