Do you face problems finding the right price for your accounting services? In that case, you have come to the right place. The price you charge for the service should not be arbitrary. Choosing a [...]
The VAT Flat Rate Scheme helps businesses pay the same amount (roughly) of VAT without having to complete a lot of paperwork compared to other VAT schemes. It really helps simplify the VAT accounting [...]
Amortisation Amortisation refers to the process of a routine decrease in the value of an intangible asset in order to show how its worth has reduced overtime or the process of paying off a debt [...]
What is an Invoice Number? An invoice is not considered a legal document without an invoice number. Every invoice issued is assigned with a unique, sequential code which is called the invoice [...]
Introduction to Cash Flow Statement If we talk in terms of business, a cash flow statement is a summary of the actual or expected income and expenditure, i.e. incomings and outgoings of a firm [...]
What is Cash Flow Forecasting? Forecast of anything is to predict or have estimation about the future happenings and in the context of corporate finance; cash flow forecasting process is the [...]
Gross Profits Gross profit means revenue minus the cost of goods sold. Gross profit is the revenue derived from sale or service after deducting the direct cost associated with buying [...]
What are Accruals? Accrual is a way by which businesses record expenses or revenues at the time of their occurrence and not when cash is paid or received. In the case of accruals, entry is [...]
Introduction to Balance Sheet The Balance Sheet is a financial statement that summarises your business’s assets, liabilities, and shareholders’ equity at a certain point in time. It [...]
What is a P800? P800 is a document issued by HMRC that shows income details, allowances & tax reliefs for the tax year. It shows the calculation of the total income tax you paid and what you [...]
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