As a business owner, you’ve probably been handling your money for a while, making sure your accounts are balanced and taxes are done. But as your business grows, managing the money gets harder. Simple bookkeeping isn’t enough anymore, it’s time to try some new techniques. These aren’t just about tracking what you earn and spend, they help make things run...
Starting a business is exciting, but it also brings its share of challenges. One of the biggest hurdles is managing your money properly. Bookkeeping might not be the most exciting part of running a business, but it’s crucial for keeping everything organised and running smoothly. Red Fish Accountancy understands how important it is to get this right. In this guide,...
Starting and running a small business is a mix of thrills and challenges. Many entrepreneurs jump in with a lot of enthusiasm, excited to see their ideas come to life. But with all the excitement and hard work, it’s easy to miss something really important, good financial advice. For small businesses, having expert guidance isn’t just a bonus, it’s very...
Running a business often means handling many tasks at once and facing new challenges regularly. Handling the financial side of things might seem overwhelming, but you don’t have to go it alone. Red Fish Accountancy is here to make your financial journey smoother and less stressful, no matter where you are in your business’s lifecycle. Think of us as more...
Have you ever wondered who all those companies are that you owe money to? Or maybe you’re curious about how these relationships work in the world of business. In accounting, understanding the role of creditors is essential for managing finances effectively. A creditor is a person or an organisation that lends money or extends credit to another party. They play...
Bookkeeping often gets missed, but it’s an important part of keeping a business running smoothly. Keeping track of your money can be much simpler when bookkeeping is joined with other systems in your business. These days, handling lots of tasks separately feels out of date. Running a business well means having a setup where all systems work together. That’s what...
Managing your accounts receivable and payable can feel overwhelming, especially when you’re balancing multiple tasks. If you’ve ever wondered how to keep track of who needs to pay you and who you need to pay without getting stuck, this guide is for you. This blog is here to make things easier. We’ll break down simple, practical tips for handling your receivables...
When it comes to managing your finances, one of the first decisions you’ll need to make is which accounting method to use. The two main methods are the cash basis and the accrual basis. Each has its advantages and drawbacks, so it’s important to understand them to choose the right one for your needs. Let’s break down both methods and help...
Feeling overwhelmed by keeping track of your finances? Many people find managing their books a bit tricky. But it doesn’t have to be that way. Setting up a simple and effective bookkeeping system is essential, whether you’re running a business, freelancing, or just handling household expenses. We’re here to guide you through the process. Let’s get started on making your...
Managing your business’s finances can be tough, especially when it needs constant attention and accuracy. Many business owners get overwhelmed by paperwork, tax deadlines, and financial reports, which can take them away from focusing on their main work. What if you could step back from the numbers and still keep everything in order? Outsourcing your accounting tasks can make your...
