If you came to the final conclusion that it’s time to move on from Excel spreadsheets (or skip that step all together), you came to the right place. Preparing your cash flow forecast statement with Float app is an excellent, time saving solution. At What a Figure! Accounting, we will show you how to set …
Cash Flow Forecast Statement – How to Set It Up with Float App Continue Reading »
A cash flow forecast can help your business (or even yourself personally) to predict and prepare for future financial difficulties. This is usually the main use, but companies also use it to plan different scenarios. For example: purchasing a building or employing more staff. Are they financially feasible? Let’s look at the options and the …
How to Do a Cash Flow Forecast (free template!) Continue Reading »
After changing the VAT scheme all the adjustments have to be done using VAT box adjustments. These adjustments should get away duplicates and missing transactions in the VAT returns. If your VAT return is nil If your VAT return is nil, you still have to file it as you would normally do showing zeros on …
Is your P&L mixed on cash vs. accrual accounting basis? Most of the time yes – and we will explain why this is. Sales invoices: most companies raise sales invoices in their accounting software, so this will be (as a standard) on an accrual basis. You will then have the option to view them on …
Cash vs. Accrual Accounting (Plus its tax implications!) Continue Reading »
Summary: In this article, we will review what a fixed asset register is. What type of items you should and shouldn’t account for in here and what are the advantages of using it. Lastly, once you have accounted for fixed assets, how to depreciate them in what time frame. For our illustrations, at What a …
Fixed asset register and depreciation – What is it and how to do it? Continue Reading »
