Chart of Accounts: How to Set One Up for Your Business
Every number in your books lands in a bucket, and the chart of accounts is the list of those buckets. Set it up well and your reports practically read …
Category
Finance
Cash flow, pricing, unit economics and the financial basics every owner should know.
Writing Off Equipment: Section 179 and Capital Allowances
When you buy a van, a laptop, a coffee machine or a workshop full of tools, the cost does not always come off your taxable profit the way an ordinary bill does. …
Inventory Financing Explained
Your shelves are full, your best season is a few months away, and your bank balance is not keeping up. Inventory financing lets you borrow against the stock you …
How to Choose a Business Credit Card
A business credit card can keep your company spending separate, smooth out cash flow and give your team a tidy way to pay for things. Pick the wrong one and you …
Contribution Margin Explained With Examples
Some sales feel great and quietly lose money. Contribution margin tells you how much each sale actually leaves behind to pay your fixed costs and, eventually, …
Petty Cash: How to Manage It Properly
Petty cash is the small pot of money that pays for milk, postage, a last-minute parking meter or a quick hardware run. It looks too small to worry about, which …
Business Expense Policy Template for Small Teams
The first time someone on your team asks "can I expense this?", you need an answer that is fair, quick and the same for everyone. A short business expense …