A Bill of Materials (BoM) is a comprehensive, hierarchical list of the quantities of components, ingredients or materials needed to make a finished product. In manufacturing, all components required to manufacture a complete shippable item are listed by part number, description and quantity. The BoM can be used as a picklist of all items issued [...]
I have noticed lately an increase in the number of calls from business owners whose accountants have seemingly taken on Magical Powers. They have mastered the art of disappearing. Cutting off all communication from their clients and effectively ceasing their involvement with them. When this happens it puts enormous pressure on the business owner because they [...]
Gone are the days when you were able to rely on your bank for raising finance, come to think of it, gone are the days when you are able to rely on your bank for much. The banks are facing a battle against alternative finance providers who are seemingly able to provide quicker, easier and [...]
Here is another tip from us to you. This one is about using your right click to open new Xero windows and how this can save you a lot of time. If you would like to talk about how we can help you with your Xero Journey call on 01622 671 835 or to find [...]
If you happen to read HMRC’s website (and I do more than I care to admit) you would see that one of their key responsibilities is safeguarding the flow of money to the Exchequer through collection, compliance and enforcement activities. Which is to say they collect the tax that is due. Almost all income is [...]
Believe me as a resident of Kent who has suffered at the hands of Operation Stack, often caused by French Industrial Action, I do not say this lightly but should we, as small business owners, behave more like the French? Do we take things too lightly and put up with the sweeping changes imposed on [...]
There are many reasons why you might want to use a virtual office address for your business. For example, if you run your business from home and you don’t want your customers to know. It’s understandable that you may also not be keen to have your address out there in the [...]
Traditionally accountants, like solicitors, record time to calculate how much to bill their clients each year. This means that every call, email, letter and piece of work is noted during the days, weeks and months and all jotted up to form the bill sent to the client. This all seems OK so far but we [...]
I grew up in a traditional English seaside town that can trace its history back to 1871. The town was founded by entrepreneur and businessman Peter Bruff. The Pier was one of the first buildings in the town and it allowed tourist to be brought in by steam ship from London. The town thrived on [...]
I was meeting some potential clients the other day and during these initial meetings I routinely ask if there is anything they would change about their relationship with their existing accountant. This husband and wife team exchanged knowing glances and then proceeded to unfold before me a tale of a relationship with their existing accountant that [...]
