accounting services

general and administrative expenses

Selling, General and Administrative Expenses (SG&A) – A Basic Guide

In the United Kingdom, SMEs are essential to the economy. But, unfortunately, every year, many SMEs fail because of cash flow issues. Expenses are one of the most crucial parts of the cash flow equation. So, a business must learn how to manage expenses in order to pay the right amount of tax, save more …

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Cash Basis Accounting

Accrual Basis vs Cash Basis Accounting: Pros and Cons

Every person’s dream is to grow his business and make a name for himself in the business world. Accounting is an essential aspect of any business’s success. A suitable accounting approach can help you expand your business. Accrual and cash basis accounting are the most used accounting methodologies for recording accounting activities. In this article, …

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free accounting software

Free Accounting Software for UK Small Business in 2021

An accountancy computer program can run your trade faster, easier, and simpler. Luckily there are a few incredible free accounting software to help your business grow. Check out the alternatives here, and discover the correct fit for your trade. Anybody who’s ever runs an enterprise knows how tough accounting can be. Knowing how much cash is …

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What are Statutory Accounts

What are Statutory Accounts and What’s Included in Them?

Want to know what are statutory accounts? Who needs them? What is included in statutory accounts? When to file them? Do small businesses need to file them? Can you prepare them by yourself and so on. Read on this post till the end to get all your answers. Cheap Accountants In London provides a comprehensive …

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Incremental Budgeting

Incremental Budgeting: Advantages & Disadvantages

Budgeting is crucial for business management. Along with determining the operational profitability of a business by forecasting income and expenditures, it is critical for predicting the cash flow, which is of vital importance for achieving financial sustainability. Besides, budgeting helps to make the right business decision and monitors the performance of the business. Keeping the …

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what is assurance in accounting

What Is Audit & Assurance In Accounting? A Guide

In accounting, audit generally refers to the audit of a financial statement or the inspection of various books of accounts that is usually done by a third party to validate the information of financial statements. Wondering what is assurance in accounting? It is the process of analyzing different processes, controls and operations of a company. …

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return on assets

What is Return on Assets? How to Calculate and Use it?

Return on Assets is a metric to measure the business profit in relation to its total assets. It indicates how well a company uses its assets (capital) to generate profit (net income). If your returns are higher, it means your business is efficiently utilizing its assets. If not, it implies that your business is not …

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What is Management Accounting

What is Management Accounting?

Management accounting is also called managerial accounting. It involves the provision of financial and non-financial information to the managers after identifying, interpreting, and analyzing the information. It is only used by the internal team of the organization that deals with the operational business metrics.    The company takes the information related to the purchase cost …

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startup business

4 Reasons Your Start-Up Needs to Have Good Accounting

Accounting never really changes, whether it’s for a startup business or a large enterprise. It is all about keeping accurate records of ongoing financial transactions and looking for opportunities to make more profits and grow!    That being said, accounting is much more essential for a startup business, as any mishaps here can lead to …

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Social Media

How to Combine Social Media with Other Forms of Marketing

Consolidating social media and marketing is an extraordinary method to support your marketing potential.  Utilizing both of these channels on their own makes for a powerful advertising technique. However, on the off chance that you consolidate the two, you will intensify the qualities of each while lessening their shortcomings. Social media ought not to be …

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