For many SME owners, the question ‘do I need a bookkeeper or accountant?’ is one that often comes up, especially as the company grows and their financial responsibilities inevitably increase. However, what do we mean by...
The Body Shop is one of the unlikely retail success stories of the Post-Covid era, a rare example of a household name retailer bouncing back from administration while so many others fell by the wayside. So, what...
If you regularly use a car for work, it’s worth thinking about whether to invest in a company car through the business, or continue to use your own car and reimburse yourself for...
Accuracy in accounting is crucial. However, it is also an area that is fraught with challenges, and can create significant stress for many SME owners. Professional accountants are...
The demise of Lloyds pharmacy was less of a sudden collapse, and more of a controlled demolition. The pharmaceuticals company had been quietly removing itself from the scene since...
Every organisation would like to have a crystal ball to determine how much cashflow they will have. This crucial figure is correlated with resilience, agility, and the opportunity...
Most SMEs use cloud accounting software to help reduce the time, costs, and stress of accounting. At Vanilla Accounting, we are often asked whether it is worth investing in a...
Today’s market offers a range of excellent accounting software for small businesses such as Xero, Sage, and QuickBooks. These intuitive cloud platforms can take care of every core...
With over 4 million global users, Xero is the most popular cloud accounting software available and is arguably the go-to platform for SMEs. However, competitors such as Zoho claim...
One of the best ways of saving money and planning your finances as a small business owner is by moving various legitimate expenses over to your company books. Beyond the ‘obvious’...
