Answers to accounting questions
Ask Janet
Have a technical accounting question that's been bugging you?
Each month, Janet will answer one of your accounting questions and explain the answer in straightforward, practical language.
How to Manage Receipts and Financial Admin Effectively?
Managing receipts and financial administration might not be the most glamorous part of running a business, but it’s one of the most crucial. Proper management helps avoid cash flow issues, ensures tax compliance, and keeps you prepared for the year end. In this article, we’ll explore practical ways to organise receipts and streamline financial admin tasks, making these processes less of a chore and more of a habit.
Should I add VAT to my first invoice?
This is a question I’m asked regularly by new business owners and the answer isn’t always as straightforward as you might think. VAT can be a complex area, particularly when you’re just starting out and sending your first invoices. Whether you should add VAT depends on a number of things, including whether you are VAT registered, whether you need to register and the type of goods or services you provide.
