by Lisa Dickson | Jun 27, 2015 | Bookkeeping 101, Payroll, Small Business Accounts
Auto enrolment cannot be ignored; legislation clearly puts the responsibility firmly on the shoulders of employers to operate a Qualifying Scheme correctly for all their workers including some who would be otherwise self employed. Why? Most people are not saving...
by Lisa Dickson | Jun 27, 2015 | Bookkeeping 101, Payroll, Small Business Accounts
Your Auto Enrolment Plan So what’s your plan? Everyone needs a plan right? Here are the 11 steps to auto enrolment. Once you know your staging date you should start pulling your plan together, or consider engaging your accountant or payroll bureau to do this for...
by Lisa Dickson | Jun 21, 2015 | Bookkeeping 101
The chart of accounts is a list of all the accounts used in the general ledger of your company. It creates the roadmap of your financial transactions. Getting this right (first time) will really help you know your numbers. You chart of accounts will include; Balance...
by Lisa Dickson | Jun 10, 2015 | Bookkeeping 101, Small Business Accounts
A question that regularly comes up when considering lease finance of an asset, is how to account for the lease in your business accounts. Is it a rental cost to be charged to the P&L? Or it it an asset to be capitalised to your balance sheet? It depends on the...
by Lisa Dickson | Apr 7, 2015 | Bookkeeping 101, Payroll, Small Business Accounts
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...
by Lisa Dickson | Apr 7, 2015 | Bookkeeping 101, Payroll, Small Business Accounts
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...
