In simple terms, it is the recording of financial transactions.
It is your legal duty.
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The most important part of trading. Send your invoices, monitor payment terms and get paid! you can turn on automated chasers and send easy payment links to your clients or better still, set up a direct debit.
Snap the invoice and save it into your software. It is as simple as that! Enter payments terms into the software to maximise your cash flow.
No need for manual entry! Set up a bank feed, download your transactions and watch the "match" features in action.
You can pay through your accounting software once your happy. No need to re-enter the information through your bank account.
If your still waiting for payment, set-up automated chasers.
HMRC could charge a penalty up to £3,000 may be charged for each failure to keep or to preserve adequate records in respect of a return or in respect of a claim made other than in a return.
When cashflow dries up, business problems start to multiply – so keep that cash flowing with these five simple strategies.
Making time to look over your financial reports each month is an important task for any business owner. We can give you an overview of what reports you'll need to help you build a thriving business.
Worried about cashflow and the profitability of your business? We’ll review your finances and highlight key ways to improve your cash position while keeping the profits rolling in #businessadvice
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The UKs oldest and most prestious. We are accredited experts and can help you with any aspect of your bookkeeping.
A leading accounting software provider. We are accredited experts and can help you with any aspect of your bookkeeping.
We provide bookkeeping services for small business using market leading software. We use Xero bookking and Sage Bookkeeping software and are proud to say we have been accredited by Sage and Xero. A number of accountants use cheaper alternatives to improve their profit margins but many find they are prone to problems. Ultimately, the responsibility to get things rights sits with you, the taxpayer/Company director.
Call us on 0203 488 7577 or email us at info@lancingcotswold.com
