by Sara Jayne Slocombe | Fri 17 Sep 2021 | Blog
The difference between cash and accruals based accounting is: When are you counting the income or expense for tax purposes (and VAT purposes, if you’re VAT-registered)? Which year or quarter?
by Sara Jayne Slocombe | Wed 28 Jul 2021 | Blog
If you have a pile of receipts or a bank statement, and you don’t know where to start putting them together or why you should, then this is the post for you.
by Sara Jayne Slocombe | Fri 23 Jul 2021 | Blog
Strategically thinking about your business starts with thinking about what you’re working towards and why. First build your picture of success, then define goals around it, and then make plans to get yourself there.
by Sara Jayne Slocombe | Tue 20 Jul 2021 | Blog
After you get it set up, the main considerations are the number of transactions each month (in and out); how frequently you do your bookkeeping; how much you’re able to automate; and how many extra steps you have to go through, if any, for the reporting and analysis you want.
by Sara Jayne Slocombe | Mon 19 Jul 2021 | Blog
The main things you want to focus on are get paid as quickly as possible, ensure you don’t overlook invoices you need to pay, and making sure you have all your receipts and back up.
by Sara Jayne Slocombe | Fri 16 Jul 2021 | Blog
Reading Time: 5 minutesI recently read Katherine Grainger’s Dreams Do Come True, and found so many nuggets that I really resonated with in it. I want to share and ponder one of those with you today. I do, however, think that losing is a crucial part of...
by Sara Jayne Slocombe | Thu 15 Jul 2021 | Blog
Reading Time: 4 minutesHow often do you think about your business numbers? Many small and micro businesses that aren’t VAT-registered only look at their finances annually, often several months after the end of the tax year. As sole traders, we can file our taxes...
by Sara Jayne Slocombe | Wed 14 Jul 2021 | Blog
Reading Time: 4 minutesHave you ever gone to the supermarket, bought what seemed like a moderate number of low- to medium-priced goods, and been surprised at how high the total was at the till? (This happened to me all the time. It’s why I quickly embraced the...
by Sara Jayne Slocombe | Tue 13 Jul 2021 | Blog
Reading Time: 5 minutesNow that you’ve worked out your Net Profit (see Why Do We Keep Accounts in our Businesses? – part 2: How to Discover your Net Profit if you haven’t yet), you may find that you want or need to increase your profitability. There are...
by Sara Jayne Slocombe | Mon 12 Jul 2021 | Blog
Reading Time: 5 minutesOne of the hardest things in any business is working out how to price your goods or services. There are many different ways to price, which really merit their own series of posts. For this post I’m going to assume you’ve bought...
