Accounting

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

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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.

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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.

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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.

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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.

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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.

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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.

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Budgeting

While you can't know exactly what the future holds, budgeting reduces uncertainty and helps you anticipate problems. Here's how to create a budget.

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Choose and use accountants and lawyers

Accountants and lawyers are vital advisers who could save your business a fortune - and rescue you from potential hot water with their expert advice.

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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.

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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.

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Controlling costs - checklist

Our helpful checklist will show you the areas to target when you're trying to understand or reduce business costs.

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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.

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Cost control

Cutting costs is the simplest way to improve your bottom line - but be careful that quality and morale don't suffer. Read our guide to cost control.

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Credit control

Credit control helps you optimise your cash flow and avoid late payment or non-payment. Read our guide to setting up a credit control system.

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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.

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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.

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How to take payments

Getting paid is crucial for any small business. Whether you invoice, take payments online or in person, make it easy for customers to pay you.

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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.

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Key performance indicators

To make good management decisions, you need clear information on how your business is performing. How to identify and monitor key business drivers.

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Managing your cash flow

Effective cash flow management is vital so your business has the funding needed to keep trading. Our guide to controlling your cash with confidence.

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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.

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Preparing for your annual accounts

Every company needs to prepare annual accounts for the tax man. Our guide to the records you need to keep and how to stay organised.

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Q&A: Producing invoices

If you've never produced an invoice before, how do you know what to include? Chartered accountant Elaine Clark answers key questions about invoices.

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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.

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Q&A: Key performance indicators

Emma Warren of business development services provider Portfolio Directors explains how key performance indicators can help small businesses.

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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.

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Cutting costs: where do I start?

When your business is ticking over nicely, you can keep spending focused on the right areas. Limiting expenditure could keep you in the black.

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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.

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Q&A: Choosing an accountant

Chartered accountant Tim Haggard of Haggards Crowther answers some key questions about finding and choosing an accountant who is right for you.

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Q&A: Sales forecasting

Sales forecasting is key to cash flow control, but it can be difficult for new businesses, because they don't have any past sales figures to go on.

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Q&A: Bookkeeping for start-ups

Accurate bookkeeping can help you keep your business on track and will make it easier when the time comes to file your tax return.