Category Archives: Ideas & Advice

Online Bookkeeping Services – Why Should You Use Them

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Online bookkeeping service is what many companies offer now that we are in the age of the World Wide Web. Almost every service available in the physical world is available in the virtual world as well. The bookkeeping service industry is not any different. The internet has given most companies the convenience to locate services like an online bookkeeping service.

Benefits To A Business In Using An Online Bookkeeping Service

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Going from traditional to online bookkeeping has recently become an easy process for small businesses since online bookkeeping services have emerged. They are a virtual team of both bookkeepers and accountants that allow you to send your books to them so they provide monthly, quarterly or annual bookkeeping, accounting and payroll services remotely rather than on-site.

Importance Of Getting Regular Management Accounts Prepared For A Business

Many small businesses are aware of the importance of keeping business records. Unfortunately, most of them don’t give regular management accounts the importance it deserves. In fact, many will give priority to other records such as financial and cost accounting. Well, this should not be the case. Management accounts are equally as important. Unlike the other accounts (cost and financial), management accounts are based on future predictions. They focus on key performance indicators (KPIs) hence help in the running of a small business. The following are some benefits of management accounts:

5 Ways to Reduce Business Costs Through Money Savings Techniques

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Running a business successfully is a lot like running your own personal finances successfully. You need to look at the bottom line. You need to look at money coming in and the money going out. You need to follow these money saving tips. And you need to look at your income and your expenses. It sounds like common sense, but this practice is everything. And before you even get started crunching the numbers you need to remember one golden rule: People First, Money Second. This attitude will put you miles ahead of your competition and will gain you dividends you never thought possible. Why? Because money comes from people. But practice that model sincerely and you will be swimming in more money and success than you will know what to do with. Let’s look at 5 Ways to Reduce Business Costs through Savings Techniques. Here are the 5 best ways to save money.

The Benefits to a Business in Outsourcing Its Payroll Requirement

Small businesses everywhere in the UK are competing with one another to take as much share of the market as they can in order to survive. There are many aspects to being an entrepreneur and small business owner that are fun. The administrative nature of managing payroll isn’t. The vast majority of businesses would see huge benefits for outsourcing their payroll services to a professional. Here are a few of these benefits.

The Benefits of Good Credit Control Procedures in a Small Business

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Credit control is important in a business especially for small businesses. This means that every small business should ensure that it collects its outstanding invoices. Some small businesses in the UK let their uncollected invoices accumulate which ultimately affects their cash flow and also the performance of the general business. This problem can be attributed to poor credit control and lack of knowledge on the benefits of good credit control procedures in a small business.

Tips to Open Your Business in London

Starting a business can be a very exciting time. However, it can also be very stressful and the road to success can be a rocky one. In London, there are tens of thousands of businesses trying to make a name for themselves, making the market extremely competitive. If you are going to succeed, you will need to ensure your business can be found.

It is suggested to organize a business plan. You need to decide the business you would like to do and how much money you want to spend. It needs proper business planning. It is necessary to make your business successful.

This article will give you some great business building tips to give your company a competitive edge in the capital.

Government Backed Business Tour to Encourage Growth Amongst Start-Ups

Small businesses and start ups across the UK will be receiving support and encouragement to assist their growth thanks to a government backed road show that will take place over the course of this year. The Get Growing! The Great British Business Roadshow will be heading out to close to a dozen cities over the course of this year in a bid to try and both encourage and help smaller businesses to grow.

The initiative has been backed by the Department for Business, Innovation, and Skills, and is being headed up by FreeAgent, which is a leading cloud accounting company that provides services for small businesses and sole traders in the UK. A range of other big name companies are also involved in the road show, which includes Elance and Paypal.

Older Entrepreneurs Continue to Set Up Small Businesses

Over the past few years, more and more people have decided to set up their own businesses in the UK for a variety of reasons.

For some it is the lack of job security that has driven them to set up their own business while for others it is situations such as redundancy.

Small Businesses in the UK Suffer Consequences of Late Payments

Over recent years, many people across the UK have decided to start their own businesses.

This has resulted in a new wave of small businesses that could potentially have a huge positive impact on the country’s economy.

However, for any small business that is still in the throes of growth cash flow can be a big problem and this is an issue that is being made worse by late payments.