Bookkeeping
The average UK SME is owed £66,770 in unpaid invoices. Is your business one of them?
£66,770 is not a small number. Late payments for most SMEs in the UK represent weeks of revenue, months of operating costs, and in some cases the difference between a…
Bookkeeping
What HMRC expects from your records and why most small business owners fall short
Most small business owners know they need to keep financial records. What far fewer owners know is exactly what HMRC requires those records to contain, how long each type of…
Bookkeeping
Will AI replace bookkeepers?
The short answer is no, AI won’t replace bookkeepers, but their job will change AI can already handle quite a few of the traditional bookkeepers’ tasks thanks to cloud-based software…
Bookkeeping
Is your bookkeeper actually costing you money?
You hired a bookkeeper to take the financial admin tasks off your plate, you pay the invoice each month, and you assume that your books and numbers are in good…
Bookkeeping
How to get paid faster: invoicing and credit control for SMEs
Every business needs a good cash flow – that’s money coming in so you can pay salaries, bills and invoices. When market conditions tighten, the old adage that cash is…
Bookkeeping
5 financial red flags every SME should spot
These are warning signs that indicate trouble ahead As a SME business owner, any advance warning that your business may be heading into troubled waters is welcome as it gives…