The Essential Elements Of VAT Invoices
If you happen to manage a small business for which you are registered for Value added tax, then its important that whenever you supply goods or services to anyone else you must issue him or her a VAT invoice. Being a registered business enterprise, you’ll be able to reclaim Value added tax on purchases made […]
Continue reading6 Reasons A Start Up Business Needs An Accountant
Errors in your accounting or neglecting to comply with statutory requirements can have significant consequences for a start up business and most small business. For example not knowing when to register for VAT or PAYE can result in serious penalties for suspected income tax and VAT avoidance. For a sizeable corporation, this can hurt both […]
Continue readingThe Various Types Of Trade Debtors
Debtors are monetary claims against others. Debtors are acquired mainly by selling goods and services, or by lending money. Managing trade debtors is an important part of the businesses cash management proccesses. The three most common type to debtors are: accounts receivable or trade debtors, notes receivable and all other types of receivable which we’ll […]
Continue readingTips 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 […]
Continue readingTop 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 […]
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