Grasp Your Business’ Financial Future – Knowing Creditors

Grasp Your Business’ Financial Future – Knowing Creditors Are you confused about what creditors are in accounting? Creditors play a major role in the financial records of businesses and organizations, so it’s important to understand their purpose. In this article, we’ll discuss what creditors are in the context of accounting, how they differ from debtors, […]

Financial Fugitives No More: Easy Net Asset Calculation

Financial Fugitives No More: Easy Net Asset Calculation Do you ever wonder what your net assets are? Are you interested in getting a better understanding of how to calculate them?  Accounting can be overwhelming and daunting, but understanding your net assets doesn’t have to be.  This article will discuss the basics of calculating your net […]

A Step-By-Step Guide To Open A Joint Bank Account And Start Saving

A Step-By-Step Guide To Open A Joint Bank Account And Start Saving Want to manage your household funds much easier and more conveniently? If you answer yes, then opening a joint bank account is for you!  Joint bank accounts are very effective as they make managing finances much easier, especially for couples who will have […]

How To Maximize Cash Flow And Increase Revenue With Accounts Receivable Management

How To Maximize Cash Flow And Increase Revenue With Accounts Receivable Management Accounts receivable act as the pulse of a business’s financial status. It is essential for keeping the cash flow healthy and stable. Furthermore, it can give you the peace of mind you need when dealing with finances.  It lets you rest assured that […]

The Definitive Guide To Reserve Accounting & How it Keeps Your Business Financially Secure

The Definitive Guide To Reserve Accounting & How it Keeps Your Business Financially Secure Every successful business should invest in reserve accounting. This is because emergencies can strike without warning – you could need to cover unexpected repairs, legal fees or settlements. Subsequently, your cash flow will be hit when faced with these risks. Reserve […]

Discover The Latest Techniques In Monitoring And Accounting For Inventory Levels

Discover The Latest Techniques In Monitoring And Accounting For Inventory Levels Accounting is an integral part of any business, and managing inventories is the blueprint of the accounting process.  This comprehensive guide will explore the different methods and strategies for managing inventories in accounting. What Are Inventories In Accounting And How Does It Work? Inventory […]

A Useful Guide To Calculating The Accounting Rate Of Return (AROR)

A Useful Guide To Calculating The Accounting Rate Of Return (AROR) Accounting Rate of Return (AROR) is a key metric used by businesses to measure the profitability of their investments. It is an important tool for financial decision-making and helps organisations understand the rate of return they can expect from any investment they make.  This […]

An In-Depth Guide To Understanding Depreciation & How to Make the Most Of It In Business

An In-Depth Guide To Understanding Depreciation & How to Make the Most Of It In Business Depreciation is an important concept to understand when managing finances in your business. It’s a way of accounting for the gradual loss in value of certain assets over time.  When managed correctly, depreciation can be a powerful tool to […]

2022 UK Small Business Statistics You Need to Know for 2023

2022 UK Small Business Statistics You Need to Know for 2023 At Pearl Lemon Accountants, we are all about small businesses. They are who we exist to serve, after all, whether they are established family businesses with decades of existence under their belts or scrappy new start-ups. So the fact that we are very interested […]

Costs or Disbursements Passed to Customers Under VAT Rules

Costs or Disbursements Passed to Customers Under VAT Rules To provide your services to your customers, your business will incur costs. As you incur these costs, they will eventually be charged back to customers. These payments could be considered ‘disbursements’ for VAT. You do not charge VAT on them when you invoice your customers, nor […]