Clear explanations and practical steps to help you organise business records and understand your accounts.
Retained profits and dividends: what company owners need to understand
Understand retained profits and dividends, distinguish distributable profits from cash, and prepare the records company owners need before a payment.
Read article →Director’s loan accounts: understanding balances and avoiding surprises
Understand director’s loan balances, records and tax review points, with a worked account showing when the company owes the director and vice versa.
Read article →Stock at year end: counting, valuing and documenting inventory
Count and value year-end stock with ownership checks, movement controls, a quantity bridge and a practical lower-of-cost valuation example.
Read article →Depreciation explained: how equipment costs appear in your accounts
See how depreciation affects equipment costs, profit and carrying values, with a straight-line example and a clear distinction from cash and tax relief.
Read article →Accruals and prepayments: why accounts differ from bank transactions
Understand accruals and prepayments with electricity and insurance examples, practical schedules and checks that prevent costs being counted twice.
Read article →How to read a balance sheet and understand your business position
Read a balance sheet in plain English, understand assets, liabilities and equity, and use a worked example to assess cash and financial position.
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