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What’s the difference between a realised gain and an unrealised gain?

Many businesses deal in more than one currency these days, both buying and selling, and this results in realised or unrealised gains or losses in their accounts.  But what is the difference between realised and unrealised, and how…

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How can I improve my business cash flow?

As inflation rises and businesses are faced with higher costs cash flow can become a problem.  There is more going out than coming in – but that cannot carry on forever.  Most businesses that go bust do so…

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What is inflation?

What is inflation?  How does it work?  Is it good or bad for business? Inflation has reached record highs recently and has been often mentioned in the news.  We are often asked about exactly what it is and…

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What’s the difference between a realised gain and an unrealised gain?

Many businesses deal in more than one currency these days, both buying and selling, and this results in realised or unrealised gains or losses in their accounts.  But what is the difference between realised and unrealised, and how…

Read more

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…

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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…

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Brexit: Customs intermediaries grant scheme launched

In advance of leaving the EU on 31 October 2019 the UK government has announced a Customs intermediaries grant scheme. Should the UK leave, there will be immediate changes to the way UK businesses trade with the EU,…

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What is inflation?

What is inflation?  How does it work?  Is it good or bad for business? We are often asked about inflation and the affect it has so here is our brief guide to the essentials you need to know:…

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Small businesses are owed an average of £25k in late payments

New data released by Xero has shown that the average small business in the UK is owed £24,841 in overdue payments on any given day,  and 78% of the businesses were owed money outside the agreed payment terms.…

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How can I improve my business cash flow?

Many businesses, particularly in the early years, struggle with cash flow – there is more going out than coming in – but this cannot carry on forever.  Most businesses that go bust do so because of lack of…

Read more