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Automating your accounting processes

Historically, bookkeeping has always been a very labour intensive activity involving considerable manual data input. Originally this involved writing entries in ledgers by hand and latterly this was replaced by typing data into accounting software packages. However, things are changing rapidly which is driving increases in the productivity of bookkeepers and eliminating unnecessary data input errors. Bank Feeds Most businesses have embraced online banking which in itself has greatly improved eff...

March 1, 2018

Cloud Accounting: where is it, what is it?

The three ages of Bookkeeping could reasonably be summarised as follows: The age of paper. Luca Paciolo, the 15th Century Cistercian Monk is widely credited as having invented double entry bookkeeping. The process of recording accounts in bound paper ledgers which gave bookkeeping its name didn't change a great deal for 500 years. A recent showing of the Muppet Christmas Carol featured numerous downtrodden bookkeepers working for the merciless Scrooge with quills and ink pots. At least by the la...

January 2, 2018

Self Assessment deadline 2016-17 and the unplanned gift.

Aunty Flo - chocolates, Grandad Len - socks (again), HMRC - £100 (again!). OK, so it's not exactly a Christmas present but just as the dreaded Christmas Visa bill arrives, you find that you've not got around to completing your Self Assessment return. "Well, things have just been so busy with the business and there always seems to be more urgent stuff to sort out". That might be a reasonable excuse in July, but as we head towards Christmas, this really is one job that sits at the top of the list...

December 11, 2017

Bookkeeper or Accountant? "It depends."

Many years ago, early in my former career as an IT Consultant, I attended a presentation by a highly respected software developer in which he posed a question of significant interest to the audience. His answer was: "It depends." People are keen for black or white answers to questions, but more often than not answers depend on many different factors and so it is when deciding between a Bookkeeper or an Accountant. If you have come to this blog post without first looking at my website then I...

December 3, 2017

Rural Enterprise in Derbyshire: it's more varied than you think!

When you think of rural enterprise in Derbyshire, what comes to mind? Tourism, farming, limestone quarries; these would feature on most people's list. However, last week I found there is much more to rural enterprise than these very visible, well established industries. The Arc Leisure Centre at Matlock was the venue for a Business Development Workshop aimed at pre-starts and the newly-started run by the excellent Julie White and Nick Platt (www.growingruralenterprise.co....). I have been tradin...

November 28, 2017 Posts 1-5 of 5 | Page