The Various Types Of Trade Debtors

You’ll encounter various types of trade debtors in business: current debtors help maintain cash flow, overdue debtors require persistent follow-ups, high-risk debtors need close monitoring due to financial instability, and strategic debtors consistently provide significant value with on-time payments. Engaging new debtors brings potential while managing risks through clear terms and strong communication. For greater insight into effectively managing these […]

Tips On How To Keep Accounting Records For Business Owners

If you are an entrepreneur, self-employed or work from your home you know that keeping accounting records can be a daunting task. This is especially so if you are one of those that generally put it off until the end of the year. In this article, we provide suggestions on how to keep accounting records […]

Top 6 Accounting Software for Small Business In UK

Why should a UK small business acquire an accounting software for small business? Earnings are the first thing that a small business needs in order to survive. Small business accounting software provides a special view into the earnings performance, therefore enabling a small business owner to make fast choices concerning prices, marketing, products, wages and […]

What Is A Confirmation Statement For A Company

Every year a UK registered Limited Company need to make sure that the details that Companies House holds on the company are correct. Once you’ve checked them you have to let Companies House know. Companies House will remind the directors / owners of a Limited Company when the confirmation statement is due. If you have […]

Bank Reconciliation – A Quick Overview

Why is bank reconciliation necessary? Every business in the modern world uses a bank account to receive the majority of their income as well as pay a large part of their business expenses through the bank. Bank reconciliation is a vital part of an accounting system, because it reconciles and explains any differences between the […]