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ENTREPRENEURSHIP TIPS AND TOOLS
Overwhelmed by all the paperwork? We’ve summarized exactly what paperwork you need to submit as a micro-entrepreneur, and some pearls of wisdom for you to keep in mind.
Keeping your accounts in order as a micro-entrepreneur isn’t as complicated as people make out. Simply follow the commandments laid out in this article to keep on top of these requirements.
Leading a team isn’t always easy. Seeing a project through can quickly become complicated if something has been missed off the schedule. Having a clear vision from the get-go forms the basis of good project management, but of course there are other elements involved, starting with you! So what’s the secret to seamless project management? Our top tips for effective project management.
Self-employed, freelancer, consultant, entrepreneur or running a small business ? Unsure how to do your invoicing online ? Stay right there, Kiwili has the answers for doing your invoices online simply and free of charge as well as all the essentials you’ll need to include.
This article will explore the three main financial statements: the balance sheet, the income statement, and the cash flow statement. These three documents complement each other to provide a comprehensive picture of a business, and its (hopefully!) solid financial footing. It is essential to understand these terms well to ensure good management of your company, and be able to use your accounting software efficiently.
Bringing up a late payment with a client is always a delicate situation. We explain the first thing you can do when an invoice goes unpaid after the period specified, send a polite reminder by post, or by email. Over time, writing out these reminders manually can become time-consuming and tedious, which is why we’ve compiled our how-to guide with information on what to include in your message and some writing tips. Finally, we show you some example letters, email reminders, and formal notices to pay.
Bank reconciliation: at first glance, it sounds complicated, but don’t let the name put you off! This essential process is simply used to ensure that the company’s account books are in line with the business bank statements. In other words, ensuring that the bank account’s debit balance equals its credit balance. Today, we’ll look at why you should carry out bank reconciliation, whether you’re self-employed or a small business, and how to go about the bank reconciliation process.
What Is An Income Statement? An income statement is an accounting summary document containing information related to analyzing the financial performance of a company. The income statement (also known as a balance sheet, a profit and loss statement, or a statement of...
Self-employed or running a small business? You’ve probably found yourself pondering the world of accounts – and what exactly does bookkeeping consist of? Is it something we can do easily enough by ourselves, or is it best handled by an accountant? In this post, we’re going to run through the basic principles of bookkeeping, and explain why it is so useful. Allow us to suggest some tools for getting it done independently and with ease.