Smart business insights
10 ways to improve cash flow management
To keep your business in good financial health and ride out the turbulence of current global uncertainty, staying on top of your cash flow management is key. Apply these 10 techniques to get started: 1. Be selective Turning down new business is not easy and needs steely resolve, but doing your research and turning down […]
Bookkeeping made easy for mechanics and garages
Are you an independent mechanic or running a garage? The car garage industry faces unique challenges because of its position between parts manufacturers versus car owners and the need to adapt to new car technologies with each passing year. Keeping track of inventory orders and estimating labour costs can make your bookkeeping demanding and time-consuming. […]
Dealing with isolation, anxiety and burnout when you work from home
Working from home can have many positives – no stressful commute, answering your emails in your pyjamas, conducting Zoom meetings from your sofa – and if you run your own business, it can keep your costs down. But it can be a double-edged sword, upsetting your work-life balance and leading to burnout, anxiety and loneliness. […]
Your guide to accounting in the transportation industry
Freight and haulage company owners face a number of challenges every day — and accounting is a big one. Accounting explains everything from your company’s financial history and health to overall performance. But you don’t need to be a magician with your finances to run a successful business. Often, understanding the basics of accounting will […]
How to repay a student loan when self-employed
The debt of a student loan can be a frustration of working life, and when you’re self-employed, working out your payments can mean added stress. This article will look at how to repay your student loan if you are self-employed, by covering the following points: What payment plan you are on When to start repaying […]
How to invoice a client for freelance work
To succeed as a freelancer, you need to get paid for your work. It doesn’t matter if it’s one freelance gig a month or a full-time occupation –– you still need to send out an invoice to get clients to pay what they owe you. You clients may not remember to pay you until they […]
How long do CHAPS & BACS payments take?
If you are making transfers frequently between banks in the UK, you have a few options available to you. CHAPS and BACS payments are among the most common for higher value transactions, but what are they and how long do they take to clear in the payee’s bank account? This article will look at the […]
What is the best online accounting software for small businesses?
When you’re running a small business, you’ll need to find ways to save time and make sure you can get the most out of each working day. Online accounting software for small businesses goes a long way towards freeing up your time by helping you automate financial admin. Manual, paper-based processes can be time-consuming and […]
A step-by-step guide: How to make an invoice
When you’ve set up your business and sold products or services, you need to send out invoices to your customers. But how do you make an invoice? Knowing what information to include in your invoice can be difficult, even if you’ve been running your business for a while. This guide will cover the following topics […]
How to find clients for your accounting firm
Building a new accounting firm or expanding an existing one is hard work. At the same time, growing your client base is essential to your success. The best way to find and win new clients is to create a proactive strategy. But where do you start? Join us and explore how to find clients for […]