Accounting for Businesses
The importance of accurate accounts for a business cannot be overstated. Recording profit and loss, sales, running payroll and calculating cash flow are all an integral part of running a business, so will need to be done right.
Accurate accounts will help you:
- Write an effective business plan
- Secure sources of finance
- Avoid fines and penalties for inaccurate accounts
- Calculate tax returns and may save you money
- Keep limited companies in line with HMRC requirements
Made Not Born has two ways you can keep your business accounts to a high standard: