Xero Partnership Cain & Co have partnered with Xero the very popular online Bookkeeping software and can now offer our clients online bookkeeping. Xero has many merits and advantages over a lot of the conventional PC based accounting software including being able to provide bespoke management accounts and an App that can be used on…
If your business employs staff then after 30th September 2018 you will be faced with up to an extra 3% on your wage bill. Auto-enrolment is something that all employers will need to embrace very soon if they haven’t had to already. Every employer will have to contribute to their employee’s pension funds from of…
Running a Purchase Order System You will be surprised how many business owners and company directors do not have control over their purchases. A lot of companies we visited didn’t even know how much their overheads were each month or what their ‘break even’ figure was; some didn’t even know what a ‘break even’ figure…
Basic Bookkeeping Hints for Start Ups When you start out in business you want to keep your costs down to a minimum and probably your bookkeeping is not very high up on your list of priorities. A common mistake to make but please do not under estimate the importance of bookkeeping for your company. …
Bank on Business Expo 2015 at Biggin Hill Cain & Co’s stand saw a constant stream of visitors (including the Mayor of Bromley) from the moment the show started until the very end. Abigail, Adil and Paul were on hand throughout the day to answer questions regarding our services and of course the very…
It doesn’t matter what type of business you run you still need to keep accurate records and maintain a decent filing system. Your bookkeeping filing system doesn’t have to be complicated though you can keep things very simple and ideally colour coded like the example below: – RED FOLDER(S) – Sales Invoices & Credit…
When you run your own business it is so easy to get bogged down with all the paperwork that arrives through your door. Keeping on top of your paperwork can potentially take up a lot of your time, time that should be spent running your business or with your family. However, you can’t ignore it,…
Do sights like this cause you worry? Then read about some of our handy hints below It is so important to always know where you are with your bank account and keep regular tabs on incomings and outgoings. It is all too easy to bury your head in the sand and leave your bookkeeping to…
When you decide the time is right to hire the services of a bookkeeper; where do you start? It is such an important decision to make and there are a lot people out there claiming to be bookkeepers. Also, will they work at your premises or remotely and what software is best? So many decisions…
Ask for Referrals Ask your peer group if they can recommend a good bookkeeper to you; think of all the people you know in business; fellow business owners, accountants, bank managers and solicitors; the list is endless. Referrals are a great place to start when hiring a bookkeeper but make sure you consider the following…
If you have an office in your home you could be missing out on tax savings and reducing the amount you actually pay to HMRC. Generally speaking if you work from home in a dedicated office then you can offset a proportion of your household bills against your tax bill. This applies whether you are…
Keeping on top of your bookkeeping is essential when running a business and knowing where you stand financially is key to your ongoing success. When considering whether to hire a certified bookkeeper or not the following 5 reasons may make your decision easier: – Saving Time Running a business is time consuming and it can…
