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 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 12, 2015 | Small Business Accounts, Xero
If you pay commissions to or buy goods or services from a non-VAT registered supplier, you can use Xero to produce simple self-bill invoices that can be emailed to your supplier with or before payment. See also: The Ins and Outs of Self-Billing Self-Billing :: Raising...
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...
by Lisa Dickson | Apr 6, 2015 | Bookkeeping 101, Small Business Accounts
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...
