Accounts
How to manage your accounts and bookkeeping as a sole trader
As a sole trader, bookkeeping and managing your accounts are the key tasks you have to deal with. But because you’re self-employed and looking after so many aspects of the business yourself, it can be easy to let the accounts slide as other tasks frequently take priority. This article offers advice on what you need […]
The real cost of manual accounts payable
You can’t fix what you don’t measure, and that’s exactly why manual accounts payable is so easy to underestimate. For financial controllers and operations directors at mid-sized, growing UK B2B businesses, the true cost of manual AP rarely shows up as a single number on a report—it’s scattered across a handful of metrics that most […]
Accrued Expenses vs Accounts Payable
When you’re managing a business, keeping track of your finances can be a bit like juggling. There are a lot of concepts and processes to wrap your head around and stay on top of. Some of these can seem very similar but may, in fact, have quite distinctly different meanings and implications. Accrued expenses and […]
Accounts Receivable Turnover Ratio: Formula & Examples
Unpaid invoices create problems for any small company, squeezing cash flow. So how can you prevent this situation and allow your business to breathe? The first step is to calculate your Accounts Receivable Turnover Ratio (ARTR), which can also boost the long-term financial health of your business. The accounts receivable turnover ratio measures how efficiently […]