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 […]
Accounting
On-Premise vs. True Cloud Accounting Software
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 […]
Questions to Ask While Recruiting a Bookkeeper for Your Business
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 […]
Two Most Common High Risk Merchant Accounts
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 […]
Usage and Benefits of Electronic Invoicing
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 […]
Which Accountancy Qualification is Best for You?
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 […]
Things to Consider when Outsourcing Your Accountancy Needs
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 […]
Importance of Restaurant Accounting and Point of Sale Software
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. […]
What Does an Accounts Assistant Do?
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 […]
Startup Owners: Be Sharp On Your Accounting
The first thing a paramedic does when responding to a person who is unconscious is check their pulse. That rhythm of blood pumping through the veins is a necessity for life. Just like life, your startup company also needs a steady and consistent pulse. That pulse is your accounting department and […]
Auditing Mistakes that May Cost Your Company
The existing business market is tough enough in today’s global economic climate, without being forced to tackle internal issues that have the potential to undermine your chances of achieving long-term success. Take business compliance, for example, which is a key component across multiple industries and establishes regulations which individual companies […]
Small Business Challenges: Collecting on Unpaid Invoices
For most businesses to thrive, extending payment terms, rather than collecting payment up front for products and services, is necessary. Unfortunately, not all customers are great with paying their bills on time, and outstanding invoices can put the pinch on your cash flow and negatively impact your operation on numerous […]