Accounting Statements: Profit and Loss
As I said in the introduction to accounting statements, the profit and loss (P&L) statement provides an historical picture of how our business has performed over a given time period. […]
Accounting Statements: Introduction
In the past two articles, we’ve looked at what records we need to keep in our small business; records both of income and of expenditure. Now we’re going to start […]
Keeping Financial Records: Expenditure
Last week, we looked at how to keep records of income; now we’re going to look at recording our expenditure. Then we’ve got the two sides of the equation: we […]
Keeping Financial Records: Income
Back in January, we looked at the common types of financial system used by small businesses, whether paper-based; a simple spreadsheet; or commercial software. Now we are moving on to […]
Tax Matters
[This week’s post is specific to the UK; the principles apply in most countries but the specifics vary, so non-Brits need to review the requirements with your national authorities] In […]