Archive for the ‘Accounting Basics’ Category
Profit & Loss Basics with a wee video!
Ok – so we thought we would do something different for a change and try video on the blog. Now this may fail spectacularly but hey at least we gave it a go and put it up there. A lot of starts up businesses we meet seem to struggle with what exactly a Profit &…
You’ve probably heard it on Dragon’s Den a thousand times. “Can you tell me your Gross Profit Margin?” asks Peter Jones, only for the pitcher to look back at them with a blank look! (Yes you know the ones we mean!) When you run a business no matter how small or large you really do…
VAT, or Value Added Tax is a tax charged to most businesses and consumers who purchase goods and services. Our table below shows the main changes to Standard Rate VAT :- Other VAT Rates & Limits If you own a business you should be aware that there are registration limits in place where if a…
As part of our Accounting Dictionary series we’ll be discussing accruals and the accruals concept as part of this post. We’ve included both of these together as they will help you to understand each item. So whats and accrual? You’ll hear accountants speak about accruals and it’s opposite prepayments on a regular basis. You use…
FC Social
You can follow us on the networks below:
