Sole Trader Finances

The Problem With Percentage Methods of Cash Management

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 …

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Why Bookkeeping isn’t Boring

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 …

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Five signs you’ve outgrown your bookkeeping software

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 …

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Five signs you’ve outgrown your bookkeeping spreadsheet

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 …

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What is the point of bookkeeping and financial management?

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 …

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