Bookkeeping

If you’ve ever spent weeks (or months!) chasing a client for payment, this one’s for you. The UK government has announced plans to crack down hard on late payments to small businesses and it could mean faster cash coming into your bank account. Here’s what’s changing, why it matters and what to do about it. The problem: Big...

In 2025, small and medium-sized enterprises (SMEs) in the UK face a unique moment of opportunity and challenge. While costs remain high and competition is fierce, the tools to work smarter - not just harder - have never been more accessible. At the heart of this transformation is artificial intelligence (AI) and the wider push toward digital transformation....

Being in financial distress is incredibly worrying for any business owner. When you’re facing County Court Judgements (CCJs), mounting debt and the possibility of insolvency, it can seem like there’s very little light at the end of the financial tunnel. The latest report from insolvency experts at Begbies Traynor shows a record number of UK businesses finding themselves...

Seasonal dips in income can be highly challenging when you’re a small business. But there are proactive ways to predict, plan for and overcome these dips in revenue. The key to dealing with seasonal dips is to know when they’re most likely to occur, and to have measures in place to spread your income and revenue pipeline over...

Contracting or freelancing requires you to wear a lot of hats. Relationship-building, keeping track of your time, marketing your skills and actually doing the work. But one of your priorities should also be establishing how you handle your money and setting the groundwork for good habits. Understand your deductions Before you start, it’s essential to understand what expenses...

When you’re operating and managing a small business, you have a finite pot of cash to work with. Because of this, it’s incredibly important to manage your cash well and to have clear budgets and spending limits for every area of your business operations. Let’s take a look at why budgeting is such a vital part of your...

A Bank reconciliation involves a comparison of your sales and expense records against the record your bank has. It is a critical financial process to identify and rectify any discrepancies or errors between your internal financial records with the transactions recorded in your bank statement.  Bank reconciliations keep your bookkeeping accurate and can help lower your tax, alert...

This time of year can be hard on small businesses. With a bit of pre-planning and being proactive, you can set yourself up for a financially stress-free holiday. Talk to us. We can help. #smallbusiness #cashflowtips Are you heading away for a break from the business this year? This time of year can be hard on small business....

Your profit and loss statement (P&L) helps you understand your business performance and profitability over time. It’s sometimes called an Income statement and its main purpose is to list income and expenditure. Whereas a balance sheet is a snapshot in time, the P&L shows transactions over a specific period of time. This can be a month, quarter, financial...