Blog
Our free bookkeeping advice and articles are regularly posted here.
If it’s bookkeeping and business bounty you’re after, dig in!
Keep calm: Why uncertainty is no reason for small businesses to panic
With doom and gloom predictions in the press daily, you may be starting to feel a little concerned about what 2020 has in store for
Why confusing invoices with statements of account will mean trouble for your business
This week I want to talk about one of the most common bookkeeping mistakes we come across at Ozlop and how to tackle it: confusing
Bookkeeping: why outsourcing your bookkeeping is no reason to ignore your business finances
It is not unusual for me to meet with small business owners who, having ignored their books for several months, come to Ozlop for help
Every small business has its quiet spell, it’s what you do with it that matters
There are many reasons why businesses have quiet periods, especially if its market is cyclical by its nature. But if you are concerned that a
ROI: When is the right time to spend on your small business
You run a small business, things are going well and now you want to make some big investments, perhaps a costly new piece of equipment
How to avoid overspending and give your business the best chance of success
Overspending can be disastrous for your business: after all, there’s no point in splashing out thousands on a fancy marketing material if you don’t have enough to pay the tax man.
How to measure success – why your new venture needs a solid business plan
All too often at Ozlop we meet small business owners who put their new ventures at risk simply because they fail to measure its success against a carefully considered business plan.
Could your accountancy firm benefit from using an online bookkeeping service?
With the advent of Making Tax Digital and ever-improving cloud bookkeeping software, there is an increase in regular bookkeeping requirements at small businesses. But this gives smaller accountancy firms a dilemma…
Would remote working be good for your business?
Rent and people are the biggest costs facing most small businesses, so savings here are likely to have the biggest impact on your profitability.
Why cash is king, ignore it at your peril
It doesn’t matter how much money your business is owed by customers or how profitable it is – if you don’t have enough cash in the bank your business is in danger.
Tackling late payments – what you need to know
If you have sleepless nights because you worry that your customers are not paying you quickly, then you need to make some changes.
Could your small business afford to wait 60 days to get paid? Why more must be done to halt late payments
Cash is a lifeline for any small business. So waiting 30 days to be paid is a challenge, but 60 or longer can be crippling.