Invoicing

The basics of invoicing –...

Invoicing plays a key role in all businesses (it’s how you get paid) so understanding how they work, what to put on them and the different types is crucial. Here’s what you need to know: What is an…

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Debt Management

A manual task in your...

Automation has the capacity to revolutionise your efficiency and productivity. But how many of the automation features that are available to you are actually being used? And could you be getting more value by building automated processes into…

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Understanding your Statement of Cashflows

Understanding Your Statement of Cash...

The statement of cash flows, (also known as the cash flow statement), shows how your business has generated and used cash (and cash equivalents) within a specific time period. For each of the reporting categories, receipts and payments…

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Difference between Financial and Management Accounts

Do you know the Difference...

You’re running a business, so you know the legal requirements around producing accounts and submitting tax returns. But do you truly know WHY you’ve engaged an accountant? And do you understand the value that a good accountant and…

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Xero Stack

Xero: Finance Technology Stack; a...

Is your finance function affected by a lack of real-time insights, unstructured workflows, approvals, or a fragmented technology stack? Are you looking to get more out of your growing business? Worry not! Xero works to meet all your…

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Best Accounting Software

8 Best Invoicing Software for...

Whether you are a small business owner or a freelancer, the chances are that at some point, you must incur billing operations. A savvy invoicing software provides an easy way for small businesses to request payments or get…

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Accounting for Small Business

Why is Accounting Important for...

There are numerous challenges associated with setting up and running a small business. Poorly managed finances are one of the many reasons why small businesses don’t survive the changing market trends. A section of small businesses choose to…

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Outsourcing process

Hassle-free Accounting Outsourcing Process in...

Hassle-free Accounting Outsourcing Process in 5 Easy Steps Outsourcing of business processes started gaining popularity back in the 80s. It aimed at combatting the rising labour costs and the progressive trends in the global marketplace. Today, business owners…

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Small Business Accounting

Struggling with Small Business Accounting?...

Struggling with Small Business Accounting? Check Out these Steps to Simplify Not a secret anymore, COVID-19 has turned our lives upside down for the better part of last and partially this year. To cushion this, we reach out…

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Work Life Balance

A Small Business Owner’s Guide...

A Small Business Owner’s Guide to Having Work-Life Balance Believe it or not! As a small business owner, balancing your life and your work can pose a challenge. Our goal at Ernest & Co Accountants is to help reduce…

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