Accounting

22 January 2021

How to do your bookkeeping quickly

If you want to do your bookkeeping quickly and easily, using online accounting software is a great solution. Here’s why: Import transactions with bank feeds Bank feeds are when you connect your bank account to your bookkeeping software, and your… Read more

12 January 2021

What is turnover in accounting?

If you’re confused about turnover you’re in the right place! We’ll take you through what turnover means, the difference between turnover and profit, and why it’s important for your business. What is turnover? Turnover is the total of your revenue.… Read more

4 January 2021

What are fixed assets? How to record them in accounting

If you’re purchasing assets for your business, it’s a great idea to know the different kinds of fixed assets you can have, and how to record them correctly in your accounting. What are fixed assets? An asset is something that you own in your… Read more

12 October 2020

When to hire an accountant

There’s lots of accounting you can do yourself, but sometimes you might need a little help. From daily bookkeeping to financial advice, we take you through what you can expect from working with an accountant. Help with day-to-day bookkeeping Your… Read more

15 September 2020

5 guides all about bookkeeping

If you’re a bookkeeping beginner we have lots of great guides to help! Here’s a quick rundown of our top 5 bookkeeping guides. 1. How to do bookkeeping Find out what you need to know about doing your bookkeeping for the first time, and some helpful… Read more

31 August 2020

What is liquidity and why is it important?

Liquidity is a common term used when discussing how healthy your business finances are. But what is liquidity, why is it so important for your business, and how will your cash flow affect it? What does liquidity mean? Liquidity is how much you could… Read more

28 August 2020

Tips for bookkeeping transactions

Doing your bookkeeping means recording transactions, which can become time consuming when you’re busy running your business. But, there are lots of ways you can make doing your bookkeeping quick and easy. Never miss a transaction with bank feeds If… Read more

26 August 2020

How to budget and forecast

Budgeting and forecasting are important tools to guide your business finances. But what’s the difference, and how do you get started? What’s the difference between budgeting and forecasting? Budgeting and forecasting often are used together, but… Read more

24 August 2020

What is a bank reconciliation? And how to do one

Bank reconciliations are recommended to make sure all your accounting is correct and that your records match your bank balance. But what is a bank reconciliation, and how do you do one? In this comprehensive guide, you’ll find everything you need to… Read more

21 August 2020

Benefits of cloud accounting if you're in the trades

When you’re on the go working you need a flexible solution to doing your accounting. Cloud accounting software has lots of great features that make it the perfect option when you work in the trades. Work from anywhere The biggest advantage of cloud… Read more

19 August 2020

Best bookkeeping, accounting and MTD software features

When you’re looking for a new bookkeeping, accounting or MTD software there are lots of great features you should look out for to help you make your decision. What bookkeeping means for your business Bookkeeping is the process of recording business… Read more

17 August 2020

What are opening balances?

Opening balances are the amount of money in an account. It is usually brought forward from an accounting period. This could be from the start of an accounting period, the end of the previous accounting period, or when you start a new company. How do… Read more

12 August 2020

The best MTD software features

When you’re choosing a software to comply with Making Tax Digital, there are some key features you should look out for. Your software must be MTD compatible The most important thing you need to be aware of when choosing your MTD software is that it… Read more

3 August 2020

Best free bookkeeping software features for small businesses

When you’re choosing your bookkeeping software, you need to know which features can help you manage your finances. Here’s a quick guide to which features you should look for, what they do, and how they can benefit your business. Bank feeds Bank… Read more