A walk in the park

Business accounting for non-accountants

What to expect from my Finance Department?

When you are running a business it’s very important to understand not just what you specialise in but also a bit about other areas of your business that will play a crucial role in running and development of your business. I like to divide business into three main areas. A) The Services you provide e.g….

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Efficient & Effective – 2E Accountants

People often ask me what ‘2E’ stands for in 2E Accountants, so I decided to do a short blog on the meaning of Efficient and Effective. What it means and what difference it makes. The easy way to explain is like they say ‘Efficient is to do it right and Effective is to do the…

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FreshBooks Online Accounting Software

Freshbooks is a popular small business invoicing/accounting software. According to their website: Customize your invoice Add your logo, and customize your invoices – and then get used to the compliments you’re bound to get. Track Invoice Views Send your invoice with FreshBooks, and you’ll see when your client has viewed it. Because some things you…

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FreeAgent Online Accounting Software

A software suitable for very small businesses. According to their website: SEND ESTIMATES AND PROPOSALS Build professional estimates and proposals which can be tracked through to approval and converted to invoices. INVOICE WITH EASE Charts of invoice payments show you, month-by-month, what payments are due, overdue or have been paid. MANAGE THOSE EXPENSES Track what…

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Xero Online Accounting Software

A good and established software. Things it can do for you according to Xero website: Financial reporting Up-to-date reporting with quick links to all the original transactions. Payroll Do pay runs and track wage expenses or connect with your payroll system. Pay bills Manage your spending and make bill payments in bulk to creditors. Free…

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Online Accounting Software

I want to use this post to make a quick comparison of most of the online Accounting softwares available for the UK businesses. The list is in Alphabetical order and I’ll keep updating on a regular basis as changes occur regularly in this industry. So do visit again and if you find I have missed…

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Migrating to an Online Accounting software – 5 key steps

How to migrate to an online Accounting Software? I hope the following point will help those who are thinking of moving to a cloud based Accounting system like Clear Books, Xero, Free Agent etc. 1. Firstly, search the right online Accounting Software for your needs – Get an expert’s advice before implementing a new system….

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Should You Use an Accountant for Personal Tax Returns?

Some people think that accountants are only used for corporation tax returns and payroll, but there are actually a number of reasons why individuals use accountants as well.  One common use for accountants is the preparation of personal tax returns.  While some people are perfectly happy preparing their own taxes, there are actually a number…

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The Advantages of Using Local Accountants

Outsourcing the accounting needs of your small business is a good way to reduce expenses, allowing your business to focus on doing what it does best.  Depending on where your business is located there may be a number of local accountants available for you to choose from, including large accounting firms with offices in multiple…

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Fixed Asset Register in Clear Books

Many small businesses do not maintain a detailed Fixed Asset Register. There is an extra work involved and often the bookkeepers, those who maintain such register, have to create separate spreadsheets as the Accounting softwares they use do not provide easy solution. With Clear Books, maintaining Fixed Assets register could not be any easier. You…

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