HMRC has announced that it will be closing its free online service for filing corporation tax returns and company accounts. From next year businesses will now have to pay to file these statutory items. So why the change to these important tax compliance services? Earlier this month, HMRC announced that its online service for filing […]
Xero is a cloud-based accounting software, popular with many SMEs. We began working with Xero in 2022 and recommend it to clients who are keen to use a powerful, affordable software package to help them better manage their financial accounting. Here are a few of the benefits which Xero may be able to offer your […]
At the same time as the French government announced plans to mandate e-invoicing, the UK government confirmed it is set to act on late payments, the scourge of the SME and something that is estimated to cost the economy £billions each year. eInvoicing to become mandatory in France With the EU version of Making […]
Next in our series looking at how functionality in accounting software can be put to good use in SMEs, we consider the use of Cost Centres and Departments and how these can help you further analyse your accounts and support budgeting.
If you run a business providing a service on a project-by-project basis, you may find that it is far from straight forward to work out the individual profit on each job or project because those costs may be distributed across a range of ledger codes. This is where project costing can help.
A bank reconciliation is an important part of the daily accounting function for any business. In essence it is a matching process whereby you link the receipt of funds into your bank account with a sales invoice or payment of funds with a purchase.
As a business owner and/or company director, you have certain obligations around the proper collation and retention of company accounting records. Whilst HMRC and Companies House have changed their stance on digital copies compared to paper versions, the requirement to retain copies of key financial documentation remains.
The world of bookkeeping has changed significantly over the last few years, leading many to ask the question, how should I manage my bookkeeping?
As well as being a strategic partner for Kashflow, we also support a significant number of our clients who use FreeAgent. FreeAgent is an award-winning accounting system specifically designed to meet the needs of small businesses and freelancers. It is a great business tool and is helping lots of clients make the move to digital […]
As well as being a strategic partner for Kashflow, we also support a significant number of our clients who use FreeAgent, as a result of them banking with NatWest or Royal Bank of Scotland. The FreeAgent software application was acquired by the Royal Bank of Scotland Group in 2018 and subsequently all NatWest and RBS […]