Accurate and up-to-date finance reports helps you monitor the health of your business, and spot any areas which might need attention. Use our free resources to learn more about financial reporting for your business. Keep an eye on your Profit & Loss, track payables to avoid unwanted surprises, and gain useful insight maximise efficiency.
No matter how passionate you are about your business and its customers, the fact of the matter is that making money is always going to be high on your list of priorities. For some, right at the top. That’s why creating a solid business plan is so critical, and why we’re always going on about…
Using the terms “costs” and “expenses” interchangeably might be ok for everyday conversation, but they’re often recorded differently in a business’s accounts. This can have tax implications, so it’s useful to understand what’s different about them, and why it matters. We’ve set this up so we can smoothly step in with an easy-to-understand explanation. What…
Using a trial balance report is a great way to keep your business accounts on the right track. At the end of an accounting period, it’s an important step in closing your books. But what is a trial balance report and how do you put one together? Get comfortable, and we’ll take a look! What…
Prepaid cards and credit cards are both financial tools that can help your business grow, but there’s a big difference between them. By understanding these differences, you can choose the most suitable method of finance for your business. The choice you make will depend on what benefits you want for your business. Business credit cards…
The short answer to this question is: no, inventory and stock are not the same thing. Though many people use the two words interchangeably, they actually have different meanings. We’re not just being picky over semantics here either. Understanding them correctly will help you manage your business more efficiently – and that’s crucial in a…
