Tag Archives: accounting

Is Accounting A Good Degree For A Future Entrepreneur?

admin/ April 16, 2020/ Accounting, Alan Boal, Finance/ 0 comments

Accountancy for Entrepreneurs For those who are embarking on an entrepreneurial career there are many advantages to combining this with some solid training in accountancy. Not only will you gain invaluable knowledge and skills in accountancy and finance but you will be able to combine this with entrepreneurial flair, which means that you may take more calculated risks to grow

Read More

Will Accounting Degrees Be Worthless Due to Automation?

admin/ March 26, 2020/ Accounting, Alan Boal, Finance, Uncategorized/ 0 comments

Automation Automation is the next big thing. It has drastically reduced the time needed to perform a task and improved overall productivity. However, the wave of automation is causing jitters to professionals from various fields, accounting is one of them. Robots are no longer science fiction; they are already here, and people are losing their jobs. Accountants are worried about

Read More

What is the Difference Between Accounting and Finance?

admin/ February 27, 2020/ Accounting, Alan Boal, Finance/ 0 comments

Understanding the meanings and differences So, what exactly is the difference between Accounting and Finance? In this article, this is what we are going to find out. Before we identify the differences between the two, we need to make sure we can define the two first. If you’re interested, we compared the differences of IT and Accounting in our previous

Read More

Why Should You Study Accounting?

admin/ December 11, 2019/ Accounting, Alan Boal/ 0 comments

Why Study Accounting? The world needs accountants. Money is needed to go around the world to run so having professional accountants will help the world moving as well as being able to work in any industry of choice. In the UK, it is said that as a graduate you can be employed by financial firms within six months of leaving

Read More

The Importance of Cash Flow

admin/ November 28, 2019/ Alan Boal, Uncategorized/ 0 comments

What is ‘cash flow’ and what does it represent? To start off, let’s define ‘Cash flow’. Cash flow is the net amount of cash showing the amount of cash being flown in and out of the business, allowing businesses to see the intake of cash, as well as seeing the outtake the business is paying. A companies ‘liquidity’ gives the

Read More

How Do I Get a Career in Accounting?

admin/ August 19, 2019/ Alan Boal

What bachelor’s degree is more valuable, Accounting or Finance? Accounting Bachelor’s degrees versus Finance Bachelor’s degrees. To sum it all up, accounting and finance both deal with managing money, but they are used for two very different purposes. To give you a good way of understanding it, accounting deals more with what happened in the past, whereas finance is about

Read More

Accounting Cycle

admin/ June 24, 2019/ Alan Boal, Finance

Accounting Cycle The accounting cycle is a set of rules that is followed by most accountants to ensure that the financial statements they produce are accurate and correct. Because of today’s technology, most accounting systems are computerised and the accounting cycle is usually automated by software which means that there are less human or mathematical errors. The final product of

Read More

A Simple Guide to Starting a Business in the UK – Part 2

admin/ January 8, 2019/ Alan Boal, Xero

Starting a Business 5. Income and expenditure – what to track and how Your company’s financials are the important reports or statements that offer you insights into the health of your business. It’s important to know what these are and how they are generated so that you’re aware of how your business is performing at any given time. By law,

Read More

Making Tax Digital Summary

admin/ April 9, 2018/ AHB Finance, Alan Boal, Cloud Based Accounting

Making Tax Digital – Summary In a bid to simplify tax reporting, Her Majesty’s Revenue & Customs (HMRC) is moving away from only filing taxes annually. Instead, businesses will submit tax information – such as revenue and expenses – every three months. For this reason, businesses will be issued with a digital tax account. Some of your business information will

Read More