What is a Trial Balance?
A Trial balance is a report that shows total values of all transactions of the business from the very first transaction when the business started trading. All “higher level” reports are generated from the Trial balance. READ MORE
What is an Income Statement?
An Income statement is a report that draws all account details and values from the Income and Expenses section of the Trial balance. This displays the Profit or loss for the specific period of time or the financial year. READ MORE
What are my businesses assets?
Your business’ assets can cover several categories. Tangible items for example, vehicles, property, manufacturing equipment, computers, office furniture etc. Intangible items such as intellectual property are also assets.
What are Management Accounts?
Management Accounts provide you with vital insights into the performance of your business. These insights help you decide exactly which products and services are profitable, which aren’t, and shows areas of your business that require your focus.