Bookkeeping Jargon can be daunting for many business owners. With a plethora of financial terminology, it’s easy to feel overwhelmed. However, understanding key bookkeeping Jargon is essential for managing your business finances effectively. We believe that knowledge is power and…
So, what is a finance manager and how can outsourcing this role benefit your SME? As an SME (small to medium-sized enterprise), you’re probably used to juggling a multitude of tasks, from marketing and sales to operations and finance. But…
We know that running a small business is no small feat. From managing day-to-day operations to strategic planning, there’s an endless list of tasks that demand your attention. Amidst these challenges, keeping track of financial transactions and maintaining accurate books…
In many businesses, there is a seasonal cash flow, whether you’re a bar and restaurant hospitality business, a digital agency or a ski resort. Some may have more obvious cash flows than others, but there are always times of year…
You may or may not have heard of a post balance sheet event before but in the world of finance and bookkeeping, it is a fairly common occurrence. To understand what a post balance sheet event is, you first need…
Within business finance, the term “Accounts Receivable” (AR) is one you’ll encounter frequently. But what exactly does it mean for you and your business? Many find it to be a puzzling concept, but understanding it is crucial to managing your…
As the new tax year rolls around, it’s time for businesses across the UK to reassess their financial plans and prepare for the future. Meaning that now is a crucial time for business owners to get their finances and yearly…
As a small business owner, you’re used to juggling various responsibilities. From marketing, sales, customer service and even bookkeeping. One critical aspect of managing your business well is understanding your financial statements. These documents are pivotal in monitoring your progress,…
When it comes to managing your business finances, having a reliable bookkeeper is essential. While many bookkeepers offer their services remotely, there are undeniable advantages to hiring a bookkeeper near your location. In this blog, we will explore the benefits…
Double-Entry Bookkeeping and Single-Entry Bookkeeping. What’s the difference? Both have their merits and drawbacks. And their suitability can vary depending on the size, complexity and specific needs of a business. Here at CPL Accounts, we know that not every SME…