Many small business owners overlook the need for a business savings account. Some owners they think they should keep every penny in their current account. But having a business savings…
As consumers, we understand what ‘credit’ means. But in business many people confuse debtors and creditors. Understanding the terms is essential if you run a business, so here’s what you…
When running a business, understanding the difference between financial forecasting and budgeting is essential. Get it wrong, and you could end up putting your business at risk. Here is all…
As the cost of living crisis worsens business owners are asking: How can my business manage the cost of living crisis? While headlines focus on consumers and the rising cost…
One of the biggest problems in business is getting paid – and that’s where credit control is essential. Too many business owners are so busy working on new products and…
Getting paid is essential for a healthy business but invoicing errors can sometimes create issues that hits your bank balance. If invoices remain outstanding for a long period, your bills…
Bad debt is the term given when customers or clients either can’t or won’t pay. But how do businesses end up with bad debt? Many businesses use credit terms –…