Have you ever wondered if your business’s finances are truly in order? You might be keeping your books up-to-date, tracking expenses, and sending out invoices. But how can you be certain that the numbers match up with reality? This is where reconciliation in accounting helps out by making sure your financial records are accurate and match what’s happening in your...
Do you sometimes wonder how long you should keep those piles of invoices, receipts, and tax documents? It’s a question that many business owners struggle with, and for good reason. Keeping financial records is essential for any business, but knowing the right time to say goodbye to those documents can be just as crucial. At Red Fish Accountancy, we understand...
Is tax planning really worth the effort for your business? Many UK business owners find themselves overwhelmed by tax regulations and end up paying more than they should. With the right approach, though, tax planning can make a real difference—not just to your company’s bottom line but to its overall financial health. In fact, a study by the Federation of...
Running a business can be exciting, but it also comes with its challenges. One of the biggest worries for any business owner is making sure money moves smoothly. While it might seem easy, managing cash flow can become tricky if not done properly. This is where bookkeeping plays an important role. Now, we’ll talk about how bookkeeping helps with cash...
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...
