Investment Advice Articles

Terry Cartwright's Articles in Accounting

  • The Revenue Budget Is An Essential Management Information Tool
    The revenue budget is an essential business management accounting tool monitoring actual financial performance against the approved financial targets. Fixing a budget produces few tangible improvements in financial performance unless it is structured to reflect the financial performance of individual activity areas and management responsibility within the business.
  • Balance Sheet Comprises A Statement Of Assets And Liabilities
    The balance sheet is a financial statement of the assets and liabilities of a business or organisation at a specific date. The main balances reported being separated between fixed and current assets, current and long term liabilities to provide a snapshot of the financial standing of the business.
  • Benefits of Outsourcing Payroll Against Payroll Software
    Every business that employs people is responsible for using a payroll system and the alternatives are for the business to arrange for outsourcing payroll, use a payroll software package or produce the payroll calculations manually. Each function has both benefits and disadvantages mainly concerned with time, money knowledge required.
  • Accounting For Profit With Marginal Costing
    Marginal costing is an accounting term in which costs and expenses are identified by their variability according to the volume of goods bought or produced. By analysing costs according to the variability in prices can significantly improve profit efficiency levels within a business.
  • Cash Accounting Or Accrual Accounting
    Every business is required by the tax authority to keep bookkeeping records to enable the net taxable profit or loss to be calculated. While complex accounting systems can be appropriate in some circumstances the choice for small business is basically cash accounting or accrual accounting.
  • DIY Accounting Small Business Accounting Software Questions And Answers
    DIY Accounting small business accounting software package is a series of accounting templates written on excel accounting spreadsheets, suitable for UK self employed business whether producing an automated monthly profit and loss account and self employed tax return form. These notes detail the typical questions and answers by clients.
  • Accounting Periods And Basis Periods For Self Employed Business
    Accounts are required each year for tax and financial control purposes with preset dates by which those accounting records must be submitted and penalties for failure to deliver on time.
    While in the UK self employed business can use its own accounting period the tax position can become more complex if the accounts use a basis period rather than the standard financial tax year.
  • UK Accounting Reference Dates For Private Limited Companies
    All companies and self employed businesses including dormant non trading companies have a legal requirement to keep a set of annual financial accounts for tax purposes. There are rules governing the accounting year end date at which the set of accounts is made up which have advantages and disadvantages to the business.
  • Annual Return And Accounting Rules For A UK Dormant Company
    Rules apply to dormant companies in the UK with regard to accounting documents and submission of information to companies house that needs attention even if the company has not traded during its financial year. Dormant companies risked being fined if these rules are ignored.
  • Using Accounting Software To Make Your Business More Profitable
    Big business uses the financial function and accounting software to analyse and improve financial performance through financial control and the exploitation of opportunities. Small business has a serious problem of viewing accounting software as an administrative headache for annual tax purposes missing the valuable opportunities the financial system can provide.
  • Vital Importance Of Small Business Accounting Software
    Many small businesses function in a completely introspective manner and while the talented entrepreneur can benefit greatly in these circumstances it can lead to failure in others. Small business accounting software is vital in many circumstances not least to broaden the management function to include accounting and finance.
  • How To Produce Taxi Driver Accounts Plus Tax Returns In Less Than 2 Hours
    DIY Accounting produce a taxi driver accounts package for taxi drivers in the UK which consists of a series of templates written on excel spreadsheets, suitable for both taxi and courier / van drivers who wish to produce their own accounts with the benefit of generating an excel copy of the self assessment tax return form.
  • Small Business Accounting Software That Fills In Your Tax Return
    Small business accounting software UK package can be s a series of templates written on excel spreadsheets, suitable for any self-employed business whether vat registered or not producing an automated monthly profit and loss account and an excel copy of the self assessment tax return form as the end products.
  • Payroll Software That Does The Administration Work
    DIY Accounting Payroll Software is unusually written on a series of excel spreadsheet templates,
    Three versions of the small business payroll system are available dependent upon the number of employees, being a payroll solution for up to 5 employees, up to 10 employees and up to 20 employees

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