Accounting Archives

Accounting

The Difference between Purchases for Resale and Expenses

Many new business owners lack a basic knowledge of accounting. The problem is that understanding some of the accounting basics…

Big Red Cloud25th March 2022

Accounting Advice

12 Accounting Hacks to Take the Pain Out of Accounting

Not many people consider their business bookkeeping to be a fun task. It’s rare to find an entrepreneur who’s keen…

Big Red Cloud18th March 2022

Accounting

What Is a Debtor Statement and Why Are They Important?

We’ve mentioned this many times before, but cash flow is critical for the health of your business. So how can…

Big Red Cloud14th March 2022

Accounting Small Business

What Are Opening and Closing Balances and How Do I Use Them?

Managing your cash and cash flow is essential as a small business. It’s the key to preventing your business from…

Big Red Cloud11th March 2022

Accounting Small Business

What’s the Difference between a Cash and Credit Transaction?

Transactions are the building blocks of our accounts. Any transactions that occur within your business should be present in your…

Big Red Cloud7th March 2022

Accounting Small Business

What Is a Nominal Ledger?

Bookkeeping is a necessary part of running your business. Not only do you have to return your accounting records at…

Big Red Cloud4th March 2022

Accounting Small Business

What’s the Difference between Invoice and Cash Receipts Basis Accounting?

Understanding the difference between invoice and cash receipts basis accounting is a crucial accounting principle that business owners must understand.…

Big Red Cloud25th February 2022

Accounting Advice

Preparing Your Business for a New Financial Year

We’re coming up to an entirely new financial year. That means businesses are often frantically racing around juggling their accounts…

Big Red Cloud18th February 2022

Accounting Small Business

How to prepare a cash flow forecast

How to Prepare a Cash Flow Forecast Cash flow forecast is a pretty important topic, and you’ll have come across…

Big Red Cloud28th January 2022

Accounting Small Business

What is a Profit and Loss Account

Your profit and loss account contains a wealth of information about your business but how do you make sense…

Big Red Cloud19th May 2021

Accounting

The Difference between Purchases for Resale and Expenses

12 Accounting Hacks to Take the Pain Out of Accounting

What Is a Debtor Statement and Why Are They Important?

What Are Opening and Closing Balances and How Do I Use Them?

What’s the Difference between a Cash and Credit Transaction?

What Is a Nominal Ledger?

What’s the Difference between Invoice and Cash Receipts Basis Accounting?

Preparing Your Business for a New Financial Year

How to prepare a cash flow forecast

What is a Profit and Loss Account

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