Accounting Software

Far from a basic administrative task, diligent record-keeping is the cornerstone of accurate tax filing. Accurate records are a robust defence in audits, and a critical tool for financial analysis and decision-making. Embedding this practice into your daily operations ensures every transaction is meticulously recorded...

Staying on top of your finances is crucial for success. As a small business owner managing your accounts effectively can be challenging, but with the right tools and strategies, it's entirely achievable. One key strategy? Embracing technology. In this blog post, we'll discuss how leveraging...

Cloud accounting is an increasingly popular choice for small and medium-sized businesses. Understanding what cloud accounting is and how it can benefit your small business is key to reaping the benefits and securely storing your important data and information. Here at SQK Accountancy, we want to...

While there are as many as twelve branches of accounting, not all of them will be relevant for you or your business. Here are the three main types which may be essential for you to be aware of. Tax accounting Tax accounting involves ensuring that companies comply with...

Cashflow management as a freelancer can be a challenge. The ultimate responsibility for getting paid is yours and yours alone. While a regular payday is the highlight of most employed people’s months, as a freelancer it’s often not a certainty. There are some principles and tools...

Starting a business is an exciting time for any entrepreneur, but it’s also a very important one, so you have to stay focused and organised. If you're not careful, you may find that your start-up fails before it even has a chance to get off the...

Although there are many important parts to any successful business, keeping on top of your accounts is perhaps the most crucial. If you do not keep tabs on your cash flow, track expenses or run the payroll on time, for example, things could soon get a...

One key element of small business accounting that is often not explored until the last minute is payroll. It's a defining moment in any small business when you go from being a solo trader to a business with employees. Even one employee can present difficulties when...

Most businesses rely on financial statements to understand the financial health of their outfit. It's using statements that businesses gain indications of profitability, liquidity, and solvency of the enterprise. However, the statements are only as good as can be verified from reconciliation. Reconciliation is all about connecting...