Accounting
How to Account for Bad Debt When an Invoice Will Never Be Paid
Sometimes invoices simply aren't going to be paid. Here's how to write off bad debt correctly so your accounts are accurate and your tax return is too.
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Practical guides on invoicing, accounting, cash flow, freelancing, and growing your business.
Accounting — 21 articles
Accounting
How to Track Who Owes You Money: Accounts Receivable for Small Businesses
Knowing exactly who owes you what — and for how long — is one of the most important financial habits a small business can build. Here's how to do it.
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Invoice Factoring Explained: Is It Right for Your Business?
Invoice factoring turns outstanding invoices into immediate cash. Here's how it works, what it costs, and when it makes sense for a small business.
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Small Business Bookkeeping: The Basics Every Owner Must Know
You don't need to be an accountant to keep your books in order. Here's the minimum every small business owner needs to understand about bookkeeping.
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What Is a Debit Note? When to Use One and How It Differs from a Credit Note
Debit notes and credit notes are often confused. Here's exactly what each one does, who issues them, and when your business needs to use them.
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How to Calculate Profit Margin (With Simple Examples)
Gross margin, net margin, markup — these terms are often confused. Here's exactly how to calculate each one and what they tell you about your business.
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What Is Working Capital and Why Does It Matter for Small Businesses?
Working capital is the oxygen of your business. A profitable company can still collapse without it. Here's what it is and how to manage it.
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What Is Trade Credit and How Does It Work for Small Businesses?
Trade credit is one of the most common forms of business finance — and most small businesses don't realise they're already using it. Here's how to use it strategically.
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How to Record Business Income: A Practical Guide for Small Business Owners
Recording income correctly is fundamental to accurate accounts and accurate taxes. Here's exactly what to record, when to record it, and how to organise it.
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How to Do Year-End Accounts for a Small Business
Year-end doesn't have to be stressful. Here's a clear checklist of what needs to be done, in what order, and what your accountant actually needs from you.
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How to Manage Petty Cash in Your Small Business
Petty cash is often the messiest part of small business accounting. Here's how to set up a system that keeps it organised and auditable.
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How to Manage Payroll for a Small Business (Without a Payroll Bureau)
Payroll is one of the most time-sensitive tasks in any business. Here's what it involves, what can go wrong, and how to handle it systematically.
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What Is Depreciation in Business? A Simple Guide for Small Business Owners
Depreciation affects your tax bill and your true profit. Here's what it is, how it's calculated, and why ignoring it gives you a misleading picture of your finances.
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10 Proven Ways to Improve Your Business Cash Flow
Cash flow problems are the number one reason small businesses fail — even profitable ones. These 10 practical strategies will help you keep more cash in the business and reduce financial stress.
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Accounts Payable vs Accounts Receivable: The Key Differences
Accounts payable and accounts receivable are the two sides of your business's financial obligations. Understanding the difference is essential for managing cash flow and keeping your books straight.
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Gross Profit vs Net Profit: What's the Difference and Why It Matters
Gross profit and net profit measure two different things. Understanding the difference helps you price correctly, control costs, and understand whether your business model actually works.
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How to Do Bank Reconciliation: A Step-by-Step Guide
Bank reconciliation matches your accounting records to your bank statement to catch errors, fraud, and missing transactions. Here's exactly how to do it — even if you've never done it before.
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How to Track Business Expenses: The Complete Small Business Guide
Tracking business expenses properly saves money at tax time, reveals where your budget is going, and keeps your finances clean. Here's the simple system that works for any small business.
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Cash Flow Forecasting for Small Business: A Practical Guide
Cash flow forecasting tells you whether you'll have enough money to cover your bills next month — before it's too late to do anything about it. Here's how to build a simple, accurate forecast.
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Accounts Receivable: What It Is and How to Manage It Better
Accounts receivable is the money your clients owe you. Managing it well is the difference between a cash-flush business and one that's constantly scrambling. Here's how to do it right.
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How to Create a Profit & Loss Statement for Your Small Business
A profit and loss statement shows whether your business is actually making money. Learn what goes in a P&L, how to read one, and how to create one even if you're not an accountant.
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