Blog
Six key reasons for accountants to outsource their bookkeeping
As a busy Accountant, we know that your time is precious and you want to spend as much of it as possible growing your business and supporting your clients to grow theirs. Key to this is ensuring that the numbers are up to date and accurate. These numbers create the...
5 reasons to choose The Bookkeeping Department for your bookkeeping
Whether you need help with your bookkeeping, are an Accountant looking to outsource your client’s bookkeeping or looking for some training and support to do your own bookkeeping, The Bookkeeping Department, with its offices based in Hertfordshire and Cambridge is the...
Why you should switch to a digital payment process: 6 benefits to your business
According to studies, SMEs spend on average, a whopping £4.4 billion per annum chasing late payments. This problem is only exacerbated by traditional (and slow!) payment methods too such as cash and cheques, so what is the solution to this? To reduce the time between...
Setting KPIs for your business: 6 tips
KPIs (Key Performance Indicators) are metrics that tell you if what you’re doing is working or not. As you can imagine, this makes them incredibly important for productivity and business growth. How do you know that you’re on the right track to achieving your goals if...
Asking for payment over the phone: everything you need to know
Every business owner suffers from late payments at some point in their business journey. But when it comes to the point when you need to pick up the phone, it’s never a nice conversation to have. To make asking for payment over the phone less awkward, here is...
4 Tips to Help Ecommerce Businesses Sell Online
Did you know that the pandemic has catapulted eCommerce five years ahead in the course of just one difficult year? More than a few Commerce reports have shown this now, so it's important for businesses to build upon their eCommerce capabilities and work to provide the...
An accountant is a great investment but how to choose the best one for you?
Accountants are an integral part of a business. They can help you avoid costly mistakes and save you money in the long run. However, when choosing an accountant there are many factors to consider, so here is a quick guide on what to look for: a) Experience You...
4 key numbers you need to know for effective cash flow planning
Running out of cash is one of the biggest reasons that businesses fail. It’s not surprising really, as forecasting your cash flow can be tricky, not to mention that there are so many variables that determine how much is needed for operations, how much money you have...
5 key areas to consider when reviewing your finance function
When was the last time you reviewed your Finance function? Over time, like any area of the business, this can need a refresh to look at whether things can be done differently, whether processes can be streamlined, if technology could be better used to provide more efficiency…
How to get your financial year end done quicker and more smoothly
As a business owner it is hugely helpful to get your year end accounts completed as early as possible after the year end. It enables you to have an earlier final position and view on last years’ accounts and it also enables you to be aware well in advance of any tax...
What part of your business finances keeps you awake at night?
5 ACTIONS TO BEING MORE IN CONTROL AND GETTING MORE SLEEP As a business owner myself, I understand the challenges of running a business with all the competing demands and how things you are on top of will occupy your mind or sit at the back of your mind nagging away...
What Do You Really Get From Investing In Xero Training?
ARE YOU HAPPY YOU ARE USING XERO IN THE BEST POSSIBLE WAY? WHAT YOU CAN GAIN BY GETTING TRAINING VERSUS WORKING IT OUT YOURSELF. Depending on who you go to for your training and the type of training you have, you may spend anything from £50 to £300 for face to face...