How Do You Calculate Cost Price in Accounting?

How Do You Calculate Cost Price in Accounting? Pricing your product is one of the…

Credit note in XERO

How to create and approve a credit note in XERO Create a credit note in…

S455 Tax

S455 Tax Directors' loans are a method of extracting money from your limited company. Although…

Extended Trial Balance

Understanding the Extended Trial Balance: A Key Accounting Tool The Extended Trial Balance (ETB) is…

Accrued Expenses vs. Accounts Payable: What’s the Difference?

Small businesses in the UK need to understand essential business terms used in daily life.…

How to Evaluate a Company’s Balance Sheet

It is said that the balance sheet reflects a company's work. Is that true? If…

5 Accounts Payable Optimisation Best Practices for UK Firms

Accounts-payable (AP) optimisation is no longer just about processing invoices faster. In 2025, it is…

8 Reasons to Outsource Your Accounting Functions in 2024

8 Reasons to Outsource Your Accounting Functions in 2024 This blog discusses why outsourcing accounting…

What are Drawings in Accounting?

Drawings in accounting refer to money or assets withdrawn by a business owner from the…