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Inventory management requires the skills of ordering, numbering, and categorising the products according to their size, colour and manufacturers. However, if you
Cryptocurrencies, such as Bitcoin, are a type of electronic cash; designed to stand apart from any government or bank they work through a computer network.
A business without a plan cannot thrive in the cut-throat competitive ecosystem where every day you hear about the evolving technological and
When letting property, the aim is to make a profit. However, as recent years have shown, life is unpredictable and things do
Budgeting is central to the success of a company’s finances. So, suppose you’re looking to plan and execute your budgeting for the
Quantitative research is the core of a research process as it provides useful insights to the researcher. An organisation can conduct quantitative
In the modern world when digitisation is becoming more popular and normal in handling business operations, business connectivity across different industries has
Integrated Marketing Communication (IMC) is a collective marketing strategy carried out in unison. Using IMC helps businesses develop and maintain brand identity
The rent-a-room scheme allows people to earn rental income tax-free when they let out a furnished room in their own home. You
Are you wondering what is finance? And, what are the different types of finance and why is it important? If these questions
Days Sales Outstanding is an important component of the Cash Conversion Cycle (CCC) in a business. This metric is crucial to understanding
Business Process Automation has revolutionised the workplace with its fast-developing technology and replacing humans at a fast pace. Now, you can observe
The property income allowance allows you to earn a small amount of rental income tax-free each year. It is useful where the
When you start a business, you will need to incur costs before you are able to start trading. Did you know that
Forecasting revenue is a crucial part of the success of a business. If you have no revenue forecasting, it means you are
Are you struggling to analyse the financial position of your business in different key areas? For example, you can analyse the financial
Although the National Insurance rates and thresholds for 2022/23 had already been set, at the time of the Spring Statement in March
To help companies realising losses as a result of the Covid-19 pandemic, the loss relief rules were amended to provide for an
A lot of time and paperwork can be saved by claiming expenses using the simplified rates, rather than recording and deducting actual
If you are an employee and you personally incur expenses in carrying out your job, you may be able to claim tax
Preparing financial reports and gleaning useful information out of them is not a business everybody can do. Instead, looking deeply into certain
The Construction Industry Scheme (CIS) sets out special rules for tax and national insurance contributions for those working in the construction industry:
Knowing your customer and providing them with what they need make a company the king of the market. Data analytics and data
Cost accounting while doing budgeting in accounting plays a very important role in the budgeting process of a company and a department.