by Lisa Dickson | Mar 19, 2016 | Bookkeeping 101
You can trade without making a profit, but you can only run out of cash once. Cash is the lifeblood of the business, so it must be treated as such Effective credit control can be achieved by implementing procedures to ensure regular review and persistent chasers....
by Lisa Dickson | Mar 7, 2016 | Bookkeeping 101, Small Business Accounts
It’s month end – are you ready to look at your accounts and see how you performed this month? First of all, let’s run through our month end checklist to make sure all transactions are posted and all our important accounts are reconciled. What do we...
by Lisa Dickson | Mar 4, 2016 | Bookkeeping 101, Getting Started With Xero
This article focuses on the reconciliation of a messy supplier account – as this is a common problem we help clients to resolve. The same principle applies to a messy customer account. Messy supplier account reconciliations Sometimes, no matter how hard you try....
by Lisa Dickson | Feb 29, 2016 | Bookkeeping 101
In Step 1 of our series on how to improve your business cashflow we take a look at issuing invoices propmptly and correctly. The sooner you issue your invoices, the sooner you can expect payment. This sounds really obvious, but you may be surprised to learn how many...
by Lisa Dickson | Feb 28, 2016 | Bookkeeping 101, Small Business Accounts
Could a car lease be costing you more than you think? If you are VAT registered then YES, quite possibly. There is a 50% reduction in the amount of input tax which can be recovered in respect of lease rental payments on a car. The reduction is to take account of any...
by Lisa Dickson | Feb 28, 2016 | Bookkeeping 101, Small Business Accounts
The system of employee benefits and taxes for those who travel for the purposes of work is undergoing change. Every day the roads and railways of this country are filled with employees travelling as part of their jobs, and incurring a host of costs and expenses along...
