Accounting

Accounting provides an essential record of how your business has performed financially, helping ensure that your business remains solvent.

Accounting
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Accounting - overview

Every business owner and director should understand key accounting concepts - even if you outsource to the professionals. Our guide to the basics.

Budgeting and cost control
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Budgeting and cost control - overview

Forecasting sales is an essential part of business planning. It's also vital to keep an eye on costs and make cuts where necessary. Our overview.

Bookkeeping
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Bookkeeping - overview

A good bookkeeping system gives you accurate information to help manage your business. We explain your basic options and what the law requires.

Management accounts
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Management accounts - overview

Management accounts give you the information you need to run your business effectively and make informed decisions. Where to start.

Cash flow management
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Cash flow management - overview

If your business runs out of cash to keep trading you could be in big trouble, even if your sales pipeline looks good. Read our overview.

A female business owner shakes hands with her new business accountant
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Business accountants - overview

Not every business owner has the skills to do their own accounts - a professional could be worth their weight in gold. How to choose an accountant.

Choosing accounting software
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Choosing accounting software

Accounting software makes your accounts quicker and easier to process - and you don't need to be a trained accountant. Our guide to choosing software.

Finance for non-financial managers
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Finance for non-financial managers

Understanding the basics of financial management gives you an informed view about the company’s performance, and allows you to play a strategic role.

An accountant works out the interest payable on a late payment
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Interest on late payments

Avoid cash flow problems and encourage your customers to pay on time by charging interest on late payments. Our guide to your rights.

Man and woman working through financial figures
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Managing your creditors

Being on good terms and having clear policies is vital for working with your suppliers and other creditors. Here's how to manage the relationship.

Someone using accounting software on a tablet.
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Using accounting software

Good accounting software puts you in control of your business, letting you automate regular tasks, prepare forecasts and monitor business performance.

Controlling credit - checklist
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Controlling credit - checklist

To avoid the risk of late payment - or no payment at all - it's essential to vet the people you offer credit to, and make your terms clear.

Collecting debts - checklist
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Collecting debts - checklist

Almost every business will experience late payment at some point. This practical checklist will help you recover the money you are owed.

Drawing up a budget - checklist
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Drawing up a budget - checklist

A helpful checklist on drawing up your business budget, including what to put in it and who to involve in the process.

'COST' written on a piece of paper that's been cut in half by a pair of red scissors
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Controlling your costs

While you may not be able to influence how much customers spend, you can do is to control your costs and look at variable and fixed costs.

Article

Q&A: Cash flow management

The old saying 'turnover is vanity, profit sanity and cash reality' remains true. Cash flow really is the blood supply of any business.