eCommerce has created some fantastic opportunities for would-be business owners. Where start-up costs once priced out many before they had even gotten started, starting a venture from scratch has never been easier. On the one hand, there has never been a better time to be a small business. But this greater access to markets has […]
How NatWest is driving innovation in business banking
The fintech landscape is evolving, digitising and growing. With 85% of businesses still banking with the UK’s biggest banking providers, NatWest is responding to these changes by facing them head on. This year at Xerocon London 2019, Andy Ellis, Head of Ventures at NatWest, and Marieke Flament, CEO of NatWest’s new digital banking proposition Mettle, […]
Accounting Software FAQ
Your complete list of Accounting FAQ’s! Do I need accounting software for my small business? In short, yes you do. You should always be using accounting software to keep yourself compliant and in control of your businesses finances and payroll. Antiquated paper based recording on the other hand is time consuming and error prone. How […]
Practice round-up: RSM, Haslers, and more…
This week’s practice round-up sees RSM UK partnering up with NICE and firms Haslers and KPMG promoting mental wellbeing whilst Bishop Fleming is crowned ‘Business of The Year.’ RSM UK partners up with NICE for key business automation services The collaboration will allow the audit, tax and consulting firm to use fully scalable Robotic Process […]
Step up Your Accounting Game With a Compound Journal Entry
If you use a double-entry bookkeeping system, you know that every account you debit requires you to credit the corresponding account, and vice versa. But what happens when the transaction affects more than two accounts? It’s time to create a compound journal entry. A compound journal entry may sound fancy, but it’s actually a pretty […]
Markup vs. Margin Chart: How to Calculate Margin and Markup
Business owners often confuse margin and markup. Both figures help you set prices and measure productivity. But, a margin vs. markup chart shows that the two terms reflect profit differently. It’s important to know the difference between margins and markups in accounting. Read on to learn about markup vs. margin. And, don’t forget to check […]
Recruiting tips for your small business
Recruiting and retaining key talent is just as important as it sounds. If we understand that our employees and the work they do form the very skeleton of our business the more value we place on hiring the right people. A correct choice could see your business soar. The wrong person could doom it to […]
What Is a Cash Reserve?
According to a recent study, 60% of Americans don’t have enough money to cover an unexpected $1,000 expense. What about your business? Do you have enough money tucked away to deal with a sudden expense? If not, you need to give your cash reserve some love. Cash reserves for business can help you cover larger, […]
The benefits of decoupling personal and business finance
Is your business and personal finance wrapped up together? If so, now might be the time to consider ‘decoupling’. Access to funding is critical for many small businesses. And, the reality is that traditional lenders don’t typically lend to businesses who don’t have an extensive trading history. As a consequence, many businesses have resorted to […]
Business owners need these four crucial factors to attain successful business growth
Business owners need these four crucial factors to attain successful business growth | Reckon Blog Blog Post Home > Tips > Business owners need these four crucial factors to attain successful business growth