As a business owner, knowing the financial position of your business is crucial to success and growth. Knowing the difference between profit and cash really is key to understanding your finances, enabling you to make plans and move forward. But … Continue Reading
We’ve collected together all the questions we get asked and answered them all.
If you’re looking for information about Bookkeeping and the Cloud, chances are our FAQs page will be helpful.
It is important to make the distinction between your company’s revenue and capital expenditure so that a true reflection of the company’s profitability can be correctly shown on its financial statements. Because you are charged tax on your profits (and … Continue Reading
Knowing how your business is performing is vital to making financial decisions and being empowered to explore new opportunities. It’s not unusual for business owners to use their Profit and Loss account (P&L) and Balance Sheet to gauge business performance, … Continue Reading
The government has replaced the Coronavirus Business Interruption Loan Scheme (CBILS) and Bounce Back Loans with a new initiative to help businesses get back on their feet: the Recovery Loan Scheme. We know what you might be thinking – another … Continue Reading
Restart Grants are now live – you need to apply through your local council. Here is our understanding of the Restart and Discretionary Restart Grants available: You may be eligible for a Restart Grant. If your business sector was mandated to … Continue Reading
Planning for a pandemic is not something we would ever hope to have to use. But it is possible to plan during uncertain times, and being prepared is crucial because it can help to ensure your business can continue and … Continue Reading
Keeping your financial information Fresh, clean and healthy is vital so that you can reliably base your business decisions on your data. Here at Fresh Financials in order to ensure you can take risks, explore opportunities and make decisions on … Continue Reading
When you come on board as a new client, you will be asked to send us some personal information or documentation for the purposes of a money laundering check. Don’t worry, this is all part of our standard client onboarding … Continue Reading
Rishi Sunak has today announced the March 2021 Budget. He says it will take the UK “a long time to recover” but he will do “whatever it takes”. The OBR forecast that our economy will grow this year by 4%, … Continue Reading
Every time a business spends or receives money, a document is created, and these documents (Invoices, receipts, credit notes and statements) are all an essential part of the bookkeeping and accounting process. Keeping accurate records is fundamental to us as … Continue Reading