The balance sheet is a financial statement of the assets and liabilities of a business or organisation at a specific date. The main balances reported being separated between fixed and current assets, current and long term liabilities to provide a snapshot of the financial standing of the business.

Small business often accepts business expenses as inevitable and while some effort is usually made to keep expenses down it is often done without reference to the accounts. Maintaining a regular system of bookkeeping using suitable accounting software can assist the cost accounting for profit exercise by providing the source and extent of the actions to be taken.

Every business is required by the tax authority to keep bookkeeping records to enable the net taxable profit or loss to be calculated. While complex accounting systems can be appropriate in some circumstances the choice for small business is basically cash accounting or accrual accounting.

Common questions and answers from clients of DIY Accounting regarding the payroll software, payslips, income tax calculation that are asked by clients having never previously operated a paye system or are new to this particular payroll software package.

Questions relating to the DIY Accounting cabsmart package for taxi drivers are not frequent however the most common questions and the answers which have arisen over the past few years assist other cab drivers who may encounter similar taxi accounts questions.

A number of questions arise when clients buy an excel spreadsheet package the majority which involve a misunderstanding of the installation procedures to be followed and in some cases not knowing that to run an excel package then either an excel program or an open source spreadsheet package must be installed.

Maintaining accounting records can be difficult for any business, especially self employed and small business organisations where a lack of accounting knowledge can be prohibitive. Selecting the right accounting software for your business can seriously improve financial performance.

Microsoft Dynamics-GP 10.0 (formerly Microsoft Great Plains) brings together increased productivity and functionality.

It might seem obvious, but in managing a business, it is important to understand how the business makes a profit. A company needs a good business model and a good profit model. A business sells products or services and earns a certain amount of margin on each unit sold

Forensic accounting is the practice of utilizing accounting, auditing, and investigative skills to assist in legal matters.

Accountancy is the profession and accounting it the methods by which accountants measure, track and report on financial information so that resource allocation decisions can be made by, well, whoever the decision makers are.

Merchant accounts that chain you to a physical location are for dinosaurs. You should be able to do business whenever you want, wherever you want, and take your merchant account with you. Wireless technology is evolving rapidly, and it could be an important development for your business. Many merchants have seen their sales volume multiply after setting up a wireless merchant account for credit card processing.

Relevant and professional e-learning courses can be hard to find. cpdwise.com fills this gap through time saving online learning in financial markets and business skills. Through this wonderful venture cpdwise.com helps busy professionals fulfil their CPD requirements and further their careers through cost effective and self paced online education.

UK companies often spend a great deal of time and money choosing a name. Unfortunately, all this time and money could be wasted if the choice of name is rejected by Companies House.

The Metropolitan Police in the UK are investigating a false set of company accounts filed at Companies House. The investigation is proceeding on the basis that the filing may have been intended to deliberately damage the victim business.

The recent increase in media interest in personal identity theft has provided a reminder that company identity theft at Companies House is still a major problem for UK limited companies. These companies are being encouraged to proactively take action to deal with company filing fraud at Companies House.

An accountant is a professional who keeps track of the financial records of a business or an individual. There are a number of individuals and businesses who use the services of an accountant all year round. There are other individuals who only hire an accountant to help get all of their finances in order before their tax returns are due. There are millions of accountants located all around the world. With many cities and towns having at least ten professional accountants it ...