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...
Guide
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...
How Much is VAT in UK
Curious about the 2023/2024 VAT rate in the UK? Well, it's basically a question of how much you value adding tax...
Sole Trader vs Limited Company: Choosing the Best Option for Your Business
A simplified way of defining Sole Trader vs Limited Company is that a sole trader and a limited company are like...
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....
How to Write, Send Invoice and Payment Reminders?
Invoice and payment reminders function similarly to an alarm clock for your finances. They may sometimes irritate recipients, but they get...
How Do I Bill a Recurring Payment?
"When you bill a recurring payment, the only thing better than getting paid once is getting paid on autopilot." Billing recurring...
What is Recurring Expenses?
Much like The Walking Dead, recurring expenses can be a never-ending source of financial stress. While they facilitate day-to-day business operations,...