If you searched the internet for the biggest challenges facing small businesses in late 2019 or early 2020, invariably the results would have cash flow as the number one challenge. Businesses need cash to purchase goods or services and to pay employees so it’s obvious when you think about it. If a business runs out …
Bookkeeping is a key part of running a business. In fact, unless the books are completed regularly then nothing else can be done. If you don’t keep on top your bookkeeping, then how will you know how much money you are making? How will know your upcoming debt obligations to suppliers or HMRC for VAT …
Back in February 2020, when the COVID-19 pandemic hit the UK, bookkeeping became arguably the single most important thing for 1000’s of small businesses – in particular, those businesses that were affected by the national lockdown and changes in buyer behaviour. That is quite a big statement. Let me tell you why I believe this …
How COVID-19 made bookkeeping more important than ever Read More »