Introducing the discipline that finance management brings means a business is much better placed to organise and plan its development. Most financial management is relatively simple to implement, and the advantages of doing so far outweigh the time and resources...
Whether you are keeping your records manually, use software or are using one of the various cloud-driven accounting systems we will need access to you accounting records to enable us to complete the work on the preparation of your financial statements. Bear in mind...
In a sales control account, the total of outstanding invoices at the beginning of the period and invoices raised during the period, less payments received for invoiced income, will give a balancing figure of invoices still outstanding at the end of the period –...
In a purchase ledger control account, the total outstanding invoices at the beginning of a period and invoices received during that period, less payments made for invoiced supplies, will give a balancing figure of invoices still outstanding at the end of the period...
When you enter records of money paid into and out of your bank account into the cash book, there is a delay of at least a couple of days until these transactions are cleared through the banking system and appear on your bank statement. Therefore, the bank balance...
Planning not to fail A business plan is essential for every business. Failing to plan your business is the first step toward planning to fail. Recording your ideas, plans and strategies is essential given the ongoing sluggish economy when so many business owners are...
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