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Accounting

12 Trends that Will Define Business in the "New Normal"

Stay up with the play - here are some trends to watch out for in 2012, Make sure you are tailoring your business to take advantage of them!

What are ERP systems and how they can help your business

Enterprise Resource Planning is increasingly being used by businesses - large and small - and whether you are using it (or considering using it) in your business, or are supplying businesses using ERP, Nicholas Birch gives you an overview of how it works.

Nine bookkeeping basics for new businesses

Avoid major headaches in your new business by getting your bookkeeping basics right. Stephanie from Jada Accounts and Bookkeeping has nine tips for first time business owners (and those who have never quite figured it out).
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Four simple things you can do to get your business bookkeeping sorted

Find out what you can do to keep the bookkeeping side of your business running smoothly - even if you are smart enough to get an expert to take care of it for you.

Is cloud computing right for your business?

Online software allows business owners and advisors to have real time access to vital financial information. Sue Hirst explains how the benefits of cloud computing generally far outweigh the negatives.
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Make money in the Profit & Loss without losing it in the Balance Sheet

If it seems too hard to really get to grips with your balance sheet and what it all means for your business, then this excellent article by Sue Hirst will help clear things up

The financial crystal ball – what lenders want to see

If you are applying for new funding or have loans coming up for renewal, lenders are likely to want accurate projections and cashflows, as well as recent financial statements. Sue Hirst outlines what you need to do

Cashflow tips: How good is your fuel gauge?

Cash for your business is the equivalent of petrol for your car, says Michael Smyth. He explains why cash is so important and shows you how to keep on top of your cashflow

Get your financial house in order...before you lose it

No matter how large or small your business if you have a handle on your finances, the rest of the business will seem like a walk in the park. Debbie Gilster shows you how to get started

Why you should count the days until you pay

Are you having problems with cash flow? Sue Hirst has tips on managing your accounts payable that should help

How to take a tax-deductible business trip

If you are thinking about taking a trip, there are a number of legitimate ways you can travel and ensure the expenses are tax deductible, says Marcia Yudkin

Win the paper war

James McCullagh has some practical tips which will help you stay on top of your administration and put extra dollars on your bottom line

Unleash the value in your bank statement

Your business could be profitable but still not have the cash to pay its bills. David Weusten steps you through monitoring your cashflow and forecasting difficult periods - and there's a cashflow forecast spreadsheet you can download to do your own

What are your books telling you?

Understanding how well your home business is doing financially is not as simple as just keeping an eye on the bank balance! Murray McLean explains how you should be using the financial information you have to keep a finger on the pulse ...

Is accounting all Greek to you?

Murray McLean demystifies the most important accounting terms and explains the concepts behind them.

Depreciation

As we use business assets, they depreciate - but how you account for this can be quite tricky. Murray McLean discusses some of finer points of accounting for depreciation.

Should you lease or buy your business vehicle and equipment?

The answer is, it depends. Here are some guidelines to help you work out which scenario best suits your specific situation.

Keep your cashflow flowing

It's probably harder for a home business to control cashflow effectively than it is for many other businesses. For starters, there are usually only one or two people in the business, rather than someone focused just on finances, and for another, personal feelings often come into play. But it's critical to business survival. Here are some must-dos to keep your cashflow flowing.

Keeping the record straight

For many home businesses, bookkeeping and record-keeping come low on the list of priorities. Here are some pointers on why it's worth keeping good records, and which ones you should be keeping tabs on.

Checking out a potential customer

Do you put off asking for credit references in case you lose the business? Ask yourself if you would you rather do the work and lose the money ...