What is an Invoice: How and When to Send One
"What is an invoice?" is a common question many business professionals consider general knowledge. However, 18,000+ monthly searches suggest it may...
What is a Good Current Ratio?
When considering the question, "What is a good current ratio?" it is crucial to recognize that it acts as a fuel...
What is a VAT Number?
A VAT number is like a special identification tag for businesses that sell taxable goods and services. It's a nine-digit code...
What is Self Assessment?
HM Revenue and Customs (HMRC) employs a system known as Self Assessment for Income Tax collection. While taxes are usually deducted...
Fixed vs Variable Expenses: Balancing Your Budget
Do you ever find yourself wondering where all your income goes? If budgeting is an impossible puzzle, understanding the difference between...
Variable Expenses: How To Budget for Them
"Winter is coming!" warned Ned Stark on Game of Thrones. But for businesses, winter translates to variable expenses incurred when least...
Fixed Expenses: How to Manage Them Effectively
Managing fixed expenses is a balancing act, and with proper planning, it can become a working ally instead of a burden....
What Is Retained Profit? How Does It Affect Your Business?
Profit is the unsung hero of your business's finances that accumulates quietly in the shadows. But what is retained profit, and...
Streamlining Freelance Finances: How to Manage Income and Expenses Effectively
With the right accounting software, you can simplify the process of tracking your income and expenses and generate detailed financial reports....
Best Practices for Invoicing and Payment Management for Remote Team
The ability to access talent from around the globe and the flexibility to adapt to different time zones and working styles...