In business, trust isn’t given – it’s earned. And when it comes to securing loans or attracting investors, trust starts with your financial records. If your numbers don’t add up or look messy, even a promising business can come across as a gamble. So, how do strong financial records build credibility, and what should they include?

The world of accounting is shifting faster than ever, thanks to emerging technologies, evolving regulations, and changing business priorities. For small and medium-sized enterprises (SMEs) in the UK, staying ahead of these trends isn’t just a good idea—it’s essential for maintaining financial stability and seizing new opportunities. Let’s explore the top accounting trends that SMEs should watch in 2025.

As a small or medium-sized (SME) business owner, chasing unpaid invoices can feel like an endless game of hide-and-seek. Research shows that late payments cost UK SMEs an average of £22,000 annually and lead to 56 million hours of lost productivity, impacting 62% of small businesses. Here’s how you can minimise late payments and keep your cash flow in check.

Financial metrics reveal precisely where your business is excelling, where adjustments are needed, and which strategic moves will drive the most impact. In this article, you will learn: 1. Why monitoring financial metrics matters for UK SMEs, 2. Five essential financial metrics that reveal your business’s health and 3. How each metric supports long-term growth and risk management.

Accounting is often seen as one of those tasks you can handle yourself as a business owner. After all, who better to manage your finances than you? But DIY accounting can quickly turn into a minefield, especially as your business grows. In this blog post, we’ll explore the common pitfalls of DIY accounting and highlight the tell-tale signs that it’s time to call in the professionals.

Missed receipts, misclassified expenses, and unbalanced books can lead to a cascade of issues, from costly tax penalties to cash flow crises that could cripple your operations. In this blog post, we’ll pull back the curtain on the true price of poor bookkeeping, highlighting why accuracy is more than just a numbers game - it’s a key factor in long-term success.

Running a business often feels like a balancing act, especially when overhead costs start creeping up. But with a few smart financial strategies, you can significantly cut expenses without sacrificing efficiency. In this article we show you five practical ways to reduce your overheads and keep your business running smoothly.

Managing a sales ledger effectively is crucial for small and medium-sized enterprises (SMEs) in the UK. Not just for keeping track of sales and receipts, but ensuring your business stays financially healthy and cash flow remains steady. To help you manage your sales ledger more successfully, we have compiled five straightforward tips. Let’s get straight to them.

Around 50% of UK small to medium-sized businesses (SMEs) use accounting software, with Xero being one of the most popular choices. Businesses looking to adopt accounting software like Xero can tap into the expertise of certified advisors. These advisors have completed the training, are competent users of the software, and are in the best position to advise you on the most suitable accounting solutions.

When considering hiring external help for your small business's finance tasks, it's common to first think about the money it can save. Yet, this decision goes beyond merely reducing expenses. In this article, we explore how entrusting your financial operations to external experts can save you more than just money, including time, resources, and the hassle of managing complex financial tasks.