by Rachel Leyland | Nov 26, 2024 | Uncategorized
Here are some common bookkeeping mistakes that could be costing you: Failing to Separate Personal and Business Expenses: Mixing personal and business expenses can complicate your bookkeeping and lead to tax issues. Misclassifying Expenses: Incorrect...
by Rachel Leyland | Oct 7, 2024 | Uncategorized
Here are some key metrics to keep an eye on: 1. Gross Profit Margin Your gross profit margin shows the percentage of revenue that exceeds the cost of sales (COS). A healthy margin indicates that your business is efficiently producing and selling its products or...
by Rachel Leyland | Sep 30, 2024 | Uncategorized
Here are a few tips to help you tidy up your books and take your business to the next level: 1. Stay Consistent with Entries Set aside time each week to update your financial records. Regularly logging transactions will help you avoid last minute scrambles and ensure...
by Rachel Leyland | Sep 23, 2024 | Uncategorized
Let’s break down the essential members of your money team. 1. Bookkeeper: Your Financial Foundation Your bookkeeper is the backbone of your money team. They handle the day-to-day financial transactions, keeping your accounts organised and up to date. A good bookkeeper...
by Rachel Leyland | Aug 26, 2024 | Uncategorized
Here’s how you can master and minimise your business expenses efficiently: 1. Categorise Your Expenses Start by categorising your expenses into fixed and variable costs. Fixed costs, like rent and salaries, remain constant, while variable costs, such as supplies and...
