The accounts section, brought to you in partnership with Sage, features in-depth guides and features for UK small businesses and start-ups needing advice on how to manage company accounts, including topics such as cashflow management, late payment, bad debts and bookkeeping.
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When issued to a supplier for provision of goods or services, purchase orders are legally binding. This guide explains how they can help small businesses track orders and receive payment for work done.
Reader Question: I am having trouble with companies not adhering to the 30-day payment terms. Some are not paying after three months even with constant phone calls. Is there anything I can do to make sure they pay on time? For example, penalties for late payment.
Ian Smith, general manager and finance director of Invu, looks at why it is important for small businesses in particular to ensure they control the visibility of payments and invoices.
Thousands of businesses are missing out on valuable tax breaks for research and development that can help to fund IT development and technological improvements, a study finds.
Here, Ian Smith of Invu takes a closer look at the government’s new reporting requirements, and details the poor payment practices of larger corporations that are putting the UK’s SME community at risk.
While the digitalisation and automation of many tasks comes as a welcome relief for many business owners, some are faced with a daunting task of preparing for and implementing change.
Starting a new business is an exciting venture. But – especially in well-established industry sectors – a key question is whether it would be better to buy a franchise or go solo.