By the end of March 2019, the UK will be leaving the EU. And while there’s still a huge amount of uncertainty in the details, one thing is clear:
Businesses need to adapt if they want to keep succeeding.
No one can say for sure exactly what will happen.
But we can give you some ideas of what to expect: the potential problems and opportunities ahead, and what smart businesses are doing now to help them stay better informed and plan for the unknown.
We talk to a lot of businesses on a daily basis.
And if there’s one common thread that comes up with just about every business that’s looking to upgrade their accounting software, it’s this:
Choosing is confusing.
So to make things easier, we’ve put together an in-depth guide to give you a side-by-side comparison between two of the biggest names in business accounting software: Sage and Xero.
In this guide, we’ll cover set-up costs, inventory management, accessibility, and customisation – giving you everything you need to know to make an informed decision before you make the leap into a new way of managing your accounts.
Ready to learn more? Let’s start with the big one:
It’s easy to see why manufacturers and wholesalers might be jealous of the simpler industries.
With intricate logistic networks and an enormous range and depth of items and stock to manage, things can get messy if you’re not in control.
The importance of cash flow cannot be underestimated. In fact, poor cash management is the number one reason why small businesses fail.
An accurate, up-to-date cash flow forecast can address this risk head-on as it predicts a small business’s future cash outlook by mapping when and how much money flows into and out of its bank account. A cash flow forecast will tell business owners when they will face cash shortages and surpluses – and help them plan accordingly.
It was just a matter of time before someone automated the filling of returns to HMRC and Companies House. From paper receipt through to tax returns, this is the first step towards a complete link in the automated accounting chain.
Instafile was created to help small businesses avoid the ordinary pitfalls of the government’s manual systems and allow them to file returns themselves in minutes.