by Lisa Dickson | Oct 6, 2016 | Business Advice, Xero
WORKFLOW WITH XERO Why use XERO? We know from our earlier article, that Xero files is a great tool for attaching any kind of file or document to almost any transaction – meaning that you have all of your documentary audit trail in Xero and all of your files...
by Lisa Dickson | Jul 6, 2016 | Business Advice, Cashflow
What happens when you have reached the end of the VAT quarter – you have had a really good month of sales but you have reinvested the cash generated in the business or drawn it out to pay your wages! You realise that you probably won’t have enough cash to...
by Lisa Dickson | Nov 10, 2015 | Business Advice
The difference between Goals and Objectives A goal is a general statement, a broad outline, it’s open ended and helps set the scene. For example, ‘I want to earn more money this year’ Well, earning a £1 more than last year achieves that goal so it’s not going to...
by Lisa Dickson | Nov 9, 2015 | Business Advice, Cashflow
A question we are often asked – is profit or cash more important. Both are important of course, but for a business to survive it needs cash first and profit second. A balanced approach and clear objectives should focus the company on delivering: 1. Effective...
by Lisa Dickson | Mar 15, 2015 | Bookkeeping 101, Business Advice, HMRC and tax, Small Business Accounts
Updated 2023/24 It is simply an account in the balance sheet that summarises the transactions between a company director and the company. In simple terms: An asset is created where the company loans money to the director to be repaid at a later date. A liability is...
by Lisa Dickson | Mar 15, 2015 | Bookkeeping 101, Business Advice, Small Business Accounts
Travel subsistence is often a very grey area within HMRCs rules and regulations so it is important to understand exactly what you can reclaim without incurring a tax penalty. These should be carried out in the same manner as any other expense claim which means this...
