Would graphs and charts make your figures more understandable?
A characteristic of many people is that pictures convey messages in a more understandable manner than figures.Pages of reports full […]
Technology
Automating processes in accounting
The more manual the process, the greater the likelihood is of error. Whether this is missing items out, transposing numbers,
Suppressing sales on electronic tills!
ESS – electronic sales suppression – is where a business uses a tool to either hide or reduce the value
Document your systems! No one person is going to be in place forever…
In a business recently, the IT director was due to make many changes to add a new employee to all
In a financial crisis -keep an eye on your debtors!
Late payments are expected to grow significantly in the coming months following rising inflation and interest rates. Cashflow is necessary
“How to…” videos – for staff and customer education
It can be time consuming to write instruction manuals or create help sheets for work processes and procedures etc. In
Invoicing – are you still writing out invoices manually?
It is still not uncommon to find businesses handwriting customer invoices. Not only is this quite laborious, it is also
Getting ready for Making Tax Digital – use one bank account for “business” transactions
Whether you have rental income or run a business, many transactions will go through bank accounts. Many will use a
Which VAT code do I use in my software?
For VAT registered businesses, there are many VAT codes that can be chosen. It is easy to get them wrong,
Every business owner using cloud accounting software should do this…
Those using cloud accounting software will probably be aware of the many time-saving functions available such as bank feeds, recurring