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Accounting Service
Understanding your Numbers
Understanding your Numbers
Your Profit and Loss, Balance Sheet and other key terms.
Key Accounting Terms Explained
Profit and loss vs balance sheet
What is VAT and how it flows through your business
The director's loan account explained
Cash basis vs accruals: which does your company use
Retained earnings, dividends, and why they matter
Reading your Financial Reports
How to read your Profit and Loss report
How to read your Balance Sheet
What your Aged Receivables report tells you
Understanding cash flow vs profit
How to spot an error in your own reports
Using Your Numbers to Make Decisions
What your gross margin tells you about pricing
When to consider hiring: the numbers to check first
How to estimate your Corporation Tax before year-end
Planning dividends around the higher rate threshold
Using your Balance Sheet before making a major purchase
Your Compliance Calendar
Your annual filing and payment deadlines at a glance
What happens if you miss a Companies House deadline
What happens if you miss a Corporation Tax deadline
What happens if you miss a VAT deadline
HMRC penalty and interest rates: what you will be charged
