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If you are running payroll for your accounts. Whether it is for Director's or for Staff you should be entering in the relevant costs and liabilities into the accounts. We create a payroll journal so we can see the relevant cost of the payroll in the Profit and Loss...
Holiday accruals are where you earn holiday entitlement based on the number of hours you work. Perfect for employees who have irregular hours. So how is your holiday entitlement calculated? 1) For every hour you work you earn a percentage of your pay rate towards...
If you have staff or pay yourself a director's salary it is important to use a payroll software which is HMRC compliant. Your payroll will show a Gross payment to each staff member and will deduct tax and national insurance to give a Net figure. The following example...
Understanding and accounting for trade contras In a situation where one of your customers is also one of your suppliers you will end up with both bills and invoices to and from each other. When this happens you may choose to pay the difference between the two sets of...
What are Intercompany Recharges? If you incur costs on behalf of another company - you may wish to recharge them. This may be an external company - a client or associate for example, or it may be a company within your group. For financial reporting purposes - revenue...
How do we account for utility bills in our business accounts? A common error we see in small business accounts is in the posting of payments on account with the utilities company. Say you pay monthly direct debits on account towards your utility bills, the transaction...
What is 'Effective copy writing' well, effective copy writing is how you wow and show your customers that you are the brand to choose and use instead of your competitors, All your competitors will claim to be different to each other, but do you know something, that...
Why should you use LinkedIn? It's simple really; LinkedIn is a social media platform created by professionals for professionals. It enables you to show off your skills, your work history, and any experiences you may have had through volunteering, or through life....
Use your profile as self-promotion tool Use a professional and appropriate profile image and remember to keep all information relevant and up to date. This is essential, If not the most important thing on this list! Imagine connecting with someone you see as a...
Google+, although it may be a newcomer to the social media world, has really taken off as a service. However, it does already have its fair share of taboo's or what not to do's, so today, we're going to have a look at 7 of these: Forgetting to Mention people - When...