Sole Trader Finances

Cash flow is king. A cardinal rule of small business finance. It’s also a cardinal rule of personal finance because there’ll be a problem if you don’t have the cash to pay your rent or mortgage or utilities. But there’s a problem with percentage methods of cash management that is often overlooked. The truth is […]

There is always a lot of talk about managing your cash flow when it comes to business finances, though I’d say it applies equally to personal finances. Cash is king. Cash is the lifeblood of business etc. So let’s look at what cash flow means, how it may show up in your business and how

Many people would probably agree with the statement that their bookkeeping is useless. It is simply something that has to be done. A chore in your business. A necessary evil. A time suck. And it’s done purely to keep the tax department happy. But there is so much potential that is overlooked in that perspective.

The three main complaints about bookkeeping are it’s deadly boring, it takes a long time and it’s hard. This week we are going to look at how you can make bookkeeping interesting. Last week we looked at how to make bookkeeping quicker and next week how we can make bookkeeping easier. Admittedly there is a

I think the reason people think bookkeeping is boring is because they approach it with the attitude that’s it’s a bit pointless and basically just data entry. But bookkeeping isn’t boring! Admittedly many bookkeeping tasks are data entry. Categorising your expenses. Creating invoices for sales that have already been agreed upon. Entering income earned on

Heck, how does bookkeeping helps business? Well, one of the most important outcomes of having up to date bookkeeping and financial records is knowing where your money comes from and where it is going! Maybe you don’t agree. Do you think it’s a fait accompli, it can’t be changed once it’s either come in or

I’m not sure this is going to be a popular bookkeeping software blog. Because change isn’t generally something we seek out or embrace wholeheartedly. But it is important to regularly review if your systems are still working for you. If you’ve outgrown your bookkeeping software. And to see if there are better options are there

Do you wonder if you’ve outgrown your bookkeeping spreadsheet, whether there’s something better, easier or quicker out in the world? Today’s blog is about some of the signs that you need to scale-up your bookkeeping spreadsheet. If you’re already using a bookkeeping software (online or desktop installed) you may still find some relatable points in

Running a business and financial management aren’t things we are taught at school, right now though you’re probably thinking that would have been more useful that learning to measure the angles on shapes with a varying number of sides or drawing a circle inside a triangle (who can even remember why). So for a lot

I was tempted to write a click bait title for this article, ‘One thing to improve your business finances’. Would it grab your attention and distract you from the million other things you could read, watch or do? Maybe, but it didn’t feel authentic for me. Because there isn’t ONE thing, there isn’t a silver