Resources - FreeAgent
A selection of great tools, business guides and articles to help make your business a success
Showing 1 - 8 of 11 articles
5 Ways To Become A Better Bookkeeper In 2017
Some principles of your business will never change: the monitoring of incomings and outgoings; tax submissions; collating your transactional evidence through the year. However, the means of doing so are being digitised and simplified, evolving with the pace of our online world.
Hence, for 2017, imagine upping your bookkeeping nous, perfecting it with a couple of small adjustments to controlling and logging your cash flow. Bright Ideas can get you started on the path to success with the following suggestions:
New Year, New Business? Deciding To Go Freelance
Rolling back into the doldrums of January, you may be feeling uninspired by your current work. A frustrating schedule, lack of recognition, being lost in a massive corporate hierarchy… there are many reasons why ennui is afflicting you. Is it time you did something about it?
Freelancing can be the clean slate you’re desperate for, allowing you to work at your own pace and apply skills to clients who really value them. However, before you turn over this new leaf, there are practical elements to think about. Let’s see what they are.
Save Yourself From Self-Assessment Misery This January
While many of us were happily munching and singing, port in hand, over the festive period, a significant amount of people were focused on something else. Tax returns – the scourge of the self-employed – hit home this year, as the BBC reports that thousands of entrepreneurs were filing their self-assessments on the 24th, 25th and 26th December.
This is a sad case, but perhaps one that can be avoided. As the January tax deadline is just over the hill, those who are struggling with their accounts may be in dire need of help, and think there’s nowhere to turn. Well – they’re wrong…
Essential New Year’s Resolutions For The Self-Employed
If you ask us, the closing curtain of each year causes more stress than succour for the businesspeople of the world. There’s a raft of final payments, client assignments, bills and personal responsibilities to sort out before we can perch our feet up and say, “Well, that was a truly amazing 12 months. Here’s to another!” Cue clinking glass…
But wait – what are your resolutions going to be? Every venture can benefit from renewed focus, especially with the dawn of a New Year. Since we want your business to stay thrilling and dynamic, here’s a list of potential resolutions to set for 2017:
Must-Have Software For Contractors And Freelancers
The modern age has made beautiful gains in our pursuit of independence. Now, it’s possible for an independent professional to make a living from the comfort of their home. A lot of that is down to software, the virtual superpowers that make for heroic freelance work.
As more people turn to contracting and freelancing, you may be wondering what software is helping them do so. Ponder no longer, as we run through those must-have platforms for the self-employed.
Bad Bookkeeping: A Nightmare That Never Ends
Halloween is almost here. Whatever your darkest fears may be, we bet that losing control of your finances is one of them. Bookkeeping can make the best of us howl furiously at the moon, but it’s essential to exorcise those demons if you want to stay on top of your records.
Left to gather dust, our finances can rapidly snowball into something horrific. As a cautionary tale to anyone who is guilty of bad bookkeeping, let us divulge some of the gory consequences that can arise when your records are neglected:
Why Your Contracting Bookkeeping Needs To Be in The Cloud
Any business worth its salt has data storage high on its agenda. As more and more of our working resources become digitised, there’s the escalated threat of losing everything in a matter of moments. Whether due to accident, corruption or malicious activities, relying on paperwork or hardware for data security is like playing with fire – you’ll almost certainly get burned in the end.
Cloud computing not only safeguards against these risks, it also has a range of other benefits for businesses and self-employed professionals, particularly contractors and freelancers. Here’s why the cloud is becoming increasingly essential for smart bookkeeping:
Why a Spreadsheet System is the Worst Way to Manage Your Bookkeeping
We all know that being a dab hand at Microsoft Excel is standard practice for organising your business accounts. It’s accessible and easy to understand, so people tend to keep using it as their business grows and bookkeeping piles up.
Unfortunately, spreadsheets aren’t really equipped to handle large volumes of data that have to be properly analysed for your accounts to be kept in order. There are other ways of doing things, and we’ve identified some reasons why spreadsheet systems just don’t cut the mustard in the long run…