If you are a business engaged in supplying customers and sending out invoices to be paid at a certain date, then you are undoubtedly aware of how important it is to send out your invoices on time. But making sure your invoices are sent according to a specific schedule is […]
The Bill is almost the most important document of our turnover. It is the key point of our economic activity, to justify expenditures and revenues you’ve had during the quarter and at year end. You must take into account that it is also called as “lifetime tickets” amendment Bill. But […]
When it comes to bookkeeping, you might have seen a number of small and medium sized enterprises prefer doing them on their own. They are often found to be under the notion that hiring a professional bookkeeper, either directly or online, can be quite expensive and thus investing on them […]
Foreign exchange brokerage firms offer competitive and little or no fees for overseas money transfers. This provides you with a great advantage especially if you are transferring £5000 or more. These companies specialize in currency transactions, so you can use foreign exchange brokers to send money overseas. While most of […]
As more and more organizations look to "the cloud" for increased accessibility to their data and as an alternative to the capital expense of software and servers, many are considering migrating from their current accounting software. Below are three on-premise accounting software costs that you need to be aware of […]
Managing the accounts is one of the most important tasks when you are running a business. It is directly related to the profit that you garner from all business operations. Hence, it is extremely important to ensure that the bookkeeping operations in your company are up to the mark. For […]
When running a business, you need a company that is able to accept all of your payments and give you the best ability to succeed, regardless of what sort of material you sell or services you provide. While this is important, if you are considered a high risk account, you […]
A paperless office has long been the dream of innovative, forward thinking credit professionals. While it is not yet a reality, certain innovations are bringing this dream closer. Imaging and workflow technology were the first giant steps forward. Lately, there has been another innovation that could bring a paperless office […]
If you wish to study accountancy, you may be finding it difficult to choose between the different accountancy qualifications. In the UK and Ireland, you can choose between 6 main qualifications, the ACCA, CIMA, CIPFA, ICAI, ACA or ICAS. In truth, no one qualification is "better" than the other. A […]
Are you struggling to manage your small business accounts? Do you panic when it comes to submitting your tax returns? Here are some fundamental tips to help small businesses that have decided to outsource their accountancy requirements. Read on to find out how to do it to get the best […]
Why is restaurant accounting necessary for your food service business? Restaurants typically run about a five to ten percent profit margin, which is not much considering the work involved. Tracking or managing your cash flow is one of the most important tasks you must perform when running a successful restaurant. […]
The accounts department is an important function for any business, but for small businesses where cash flow is the lifeblood, the accounting section can really make a big difference to understanding where the money is being made and where it's being spent, this is an area where Gilmour & Co can […]
