The importance of using a cash book for accounting and cash flow management if you are a small business owner or a sole trader. What is a cash book? A cash book is a simplified way of recording all financial dealings, particularly if you receive regular cash-based transactions. It is effectively a financial journal that… Continue reading What is a cash book, and why do I need one?
When you run your own business, bookkeeping is more than just entering invoices and reconciling the bank, it is also about analysing the data to ensure debts don't outweigh your profits. Did you know 82% of businesses experience cash flow problems? In this guide we outline 4 easy tips to help you improve your habits… Continue reading Taking Care of Your Cash Flow As a Small Business
Expiration and Renewal Reminders Running a business on is no mean feat, especially when you're a one person team. Knowing when policies and licenses are up for renewal can be time consuming and complicated. From vehicle insurance renewals, to first aid training expiration dates - wouldn't it be easier to have a clear view across… Continue reading How Can I Keep Track of Policy & Licence Renewals?
Manage your business with ease using our free downloadable bookkeeping checklist.
Hiring Vs. Outsourcing We all remember the news that broke on 29th January 2020, when the first two people in the UK tested positive with COVID-19. We could never have predicted the impact the pandemic has had on the economy. Whilst many businesses have faltered as a result of national and local lockdowns, and the constant financial demand to pivot their business strategies; many have been able… Continue reading Should I Hire or Outsource? A Small Business Owner’s Guide
By Emma @ YGF Like most things, accounting is easy when you know how. But mistakes that run undetected for months, or even years, can cause your business to lose money! Your accounts give you basic information upon which you make decisions about your business. For example, “What are my sales?”, “How much money is in the bank?”, “How much money am… Continue reading Accounting mistakes which could be costing you
By Emma @ YGF As a fully qualified AAT member, I have been working on VAT for more than 20 years. Despite my experience, like others I’m sure, there are still areas where I need to look a little deeper into the rules for some advice. In this blog you'll see me using the word ‘business’. This covers both companies and sole traders.… Continue reading 8 Common VAT Errors Made by Small Businesses & Sole Traders
Your Girl Friday - a mother daughter team of virtual assistants/miracle workers in administration support and bookkeeping services. Read more about us here. If you own a business, you already know that making your dreams viable requires precious time, which is all too often taken up by essential (but tedious and time consuming) to do's.… Continue reading Who are we, and why do you need us?