News & Articles

Every piece of paper filed should talk to you. On all supplier invoices clearly record how and when an invoice is paid. You’d be surprised how often I find this vital information missing. Record Date paid Credit card or bank account…

Is it better to post or email customer statements? Using the post costs money to print and post. Most accounting software now offers the facility to email statements direct to your customer. These can be emailed direct to the accounting function of…

Payments can often be late, for many different reasons. Of course, it’s important to encourage payment on time. Start by making it easy for customers to pay you. Offer alternative ways to pay. Other tips include…

Do you check your bank account regularly enough? Quarterly, monthly, weekly, daily, hourly? The right frequency really depends on the volume of transactions going through at any one time. I would recommend at least once a week and perhaps…

Purchases in foreign currencies are increasingly common for small businesses Does your business buy goods or services from abroad? If so, make sure you’re not wasting money by paying excessive transaction fees or getting poor rates of exchange. Here are a few simple…