We are now a Silver Partner with Xero!
We make no secret that we love Xero here at Flamingo Accounting! And now we are happy to be able to announce that we have been made a Silver Partner with them. Our team of Certified Xero Advisers have been using and…
Ten Top Tips for working from home during the coronavirus
As as result of the Coronavirus, many of us will be working from home having never done so before. It’s tempting to sit back and treat it as a leisurely day or have a Netflix binge, but that…
Xero adds credit limits to customers – but there is a catch
After many requests from users, Xero has recently added credit limits to customer accounts – but there is a catch… Whilst you can add the limit to the customer account in Xero, and check what is left of…
What interest can you charge on late payments?
What interest can you charge on late payments? From time a customer may pay you late, and you may be ok with that. But when the problem becomes persistent, it can effect your own cash flow and the…
Connect your Metro Bank account to Xero
Metro Bank has made it even easier for you to connect your bank accounts to your Xero account for automatic feeds. The video from Metro Bank at the bottom takes you through how to connect to Xero step by…
What’s the difference between accounting profit and taxable profit?
Many people don’t realise that there is a difference between accounting profit and taxable profit – and that they are very rarely exactly the same figure. Lots of business owners arrive at their accounting profit – thinking it’s…
Issues with Xero bank feeds
Some Xero users have been experiencing bank feed issues since the changes that came in at the end of last year. Xero changed how its bank feeds work late last year to comply with new EU regulations, and…
Xero increases its users by 51% in just six months
Xero has increased its number of UK users and turnover by 51% in the last six months. The large increase is largely being credited to users making the switch to Xero in order to meet HMRC’s Making Tax…
Top ten bookkeeping mistakes and how to avoid them
Here are our Top 10 Bookkeeping mistakes and how to avoid them Letting it all build up This seems obvious, but some people still leave everything to the last minute and let the bookkeeping build up. We know you…
What’s the difference between cash and profit? Not knowing can cost you dearly
The vast majority of businesses, particularly those in their early stages, go bankrupt through lack of cash, not from lack of profits. However, many business owners don’t truly understand the difference between having cash and having profit and…