Got a question? We’ve got answers.

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.

What’s the difference between Revenue and Capital expenditure?

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

What is the difference between Profit and Cash Flow?

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

Grants and Support for Businesses

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

How your business can stay one step ahead in the next six months

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

What’s involved in a Money Laundering check and why it’s important

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

Initial Summary Budget 03/03/21

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

Why is it so important to get your documents to us on time?

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