Accounting Terms You Should Be Familiar With – Part 3
Following on from Part 1 and Part 2 here are more terms that you should be familiar with to enable you to understand your accounts and run your business efficiently. 30 Liquidity Liquidity is the ease with which your business can convert your assets into cash. Cash itself is the most liquid of all assets.. […]
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Accounting Terms You Should Be Familiar With – Part 2
Following on from Part 1 (click here to view) here are more accounting terms that you should be familiar with to enable you to understand your accounts and run your business efficiently. 15 – Debit Like Credit, the effect of a Debit on the balance sheet is determined by the financial transaction. Debit can increase […]
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Accounting Terms You Should Be Familiar With – Part 1
Accounting, like any profession, has its own language. The wise business owner will make sure that they are aware of the basic terms so that there is no misunderstanding when discussing how their business is performing. Here are some of the most common terms briefly explained.If you are unsure of what your Accountant or Bookkeeper […]
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Business Gifts – Do’s and Don’ts
Business Gifts have always been an important part of commercial culture, they are seen as a sign of respect and appreciation for your clients. They help create a more personal connection between you and your customers, which in turn helps create a relationship which should, in turn, have a beneficial impact on sales. Equally gifts […]
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Crowdfunding – The Basics
What is Crowdfunding and what can it be used for? Crowdfunding is a way to raise money for a project, either business or personal, by inviting a large number of investors to support it rather than borrowing money from a more traditional lender which can be both more expensive and more restrictive. Crowdfunding can be […]
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Bookkeeping Best Practices
Bookkeeping best practices are the same whether you have a professional Bookkeeper or not – though it has to be said that it is easier for a Bookkeeper to stick to the rules as they are second nature for them! Keep Business and Personal Finances Separate Keeping personal and business expenses separate is the key […]
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Bookkeeping Mistakes To Avoid
Bookkeeping mistakes are easier to make than you might think when you are not aware of all the fine details. Keeping your financial records might appear to be a fairly simple process when you first set up your business but there are many pitfalls for the unwary that can cost you a lot of money […]
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Why Xero?
Xero is the accounting package of choice for Farries Bookkeeping Services – Why? Because we believe it is the best package on the market for most businesses. It is particularly good for startup and growing businesses, offering a rich selection of features to help your business. Coupled with the experience and advice provided by a […]
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What Does A Bookkeeper Do?
Whatever your business is, there are two things you will do – make money and spend money. A Bookkeeper is the one who helps you keep track of that. Generally speaking most Bookkeepers used dedicated software to keep track of your finances though there is no reason why you should not use a manual system […]
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Your External Bookkeeper – An Independent Expert
There are many reasons why an external Bookkeepers are a good investment for many businesses, not least among them is that they are independent. This can help your business move forward as you will have independent, detached advice and guidance about the state of your finances. Detachment Try as they might anyone who works for […]
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