Reviso UK

  The  Balance Sheet  is the accounting report that reflects the economic and financial situation of a company at a given time. That is, it's a “still photo” of the situation of the company, which allows us to analyse the state of the company and make decisions accordingly. It is also possible that the balance is generated by comparing it with the same date of the previous year, in order to recognize possible changes in the company’s behaviour. The balance sheet is structured in two blocks;  Assets and Liabilities . Does your balance sheet balance? The fundamental principle of the balance sheet is that the assets, liabilities and equity  must balance , that is, the balance sheet must balance. If not, you must review the accounting, as it is certain that we will have been a misposting. There is another possibility by which a balance may not balance. When we perform accounting in a computer program, this usually allows us to create ac...

A Comprehensive Guide   Introduction   As the end of the fiscal year approaches, many companies need to prepare their accounting documents for the year-end closing. This process is crucial for a company's financial health and ensures that all financial transactions are accurately recorded and evaluated. In this blog post, we provide a comprehensive guide on how to effectively prepare your accounting documents for the year-end closing.   Step 1: Record All Income and Expenses   The first step in preparing your accounting documents is to ensure that all income and expenses for the year have been properly recorded. Check your accounts to make sure no transactions are missing. This includes all sales, purchases, wages and salaries, taxes, and other financial movements. Income and expenses that pertain to the current year but are paid or transferred in the new year should also be recorded in the accounting.   Step 2: Conduct Bank Reconciliations   An accurate b...

  The accountant’s role has changed quite dramatically over the years, especially with the introduction of online accounting. Everything is more transparent and not to mention immediate. The days of having to wait weeks for your management or even yearend accounts are long gone with client’s expectations such that a few days turn around is the new normal as you can’t base business decisions on old data. These days your accountant can also offer a lot more than just accounts production with a lot of practices offering business and tax advice. Another complex area is Compliance, guiding you through Health and Safety, risk assessments along with HR and any ethical policies your business may have. Getting the best out of your Accountant Here are a few recommendations when you start to look…. Certified or chartered  – choose an accountant that is regulated by a professional body especially if you were to need a business loan or an audit, maybe not immediately, but looking...

  With  modern evaluation  tools you can see exactly how successful your social media marketing is, it can be evaluated in detail, how many users have seen, clicked on and responded to the posts and also how much you spent on campaigns. This will allow you to optimize your achievements to best target your target audience at a minimal cost. Recruiting Social media can help you find potential employees. Through LinkedIn and Xing, but also Facebook & Co., you can specifically and cost-effectively seek applicants. Through authentic social media channels, you show candidates that you are a contemporary employer. So what should you look for when using social media for your business? ·        Create an  account for your business  and do not use your private profile. This can quickly seem unprofessional. ·        You should post  regularly . Customers should not ...

  As a self-employed and small business owner, the question arises at an early stage: Do you make the decision to do the bookkeeping yourself and save money? Or do you hire a professional who you pay for this service? In this blog we want to give you some information to be aware of: Which tasks should I consider? Regardless of whether you or the tax accountant will keep the books, outgoing invoices must be created and sent to your clients, the bank’s movements reviewed, receipts and documents sorted and kept. With these documents and information then the bookkeeping obligations can be fulfilled. These may include the monthly management reports, payroll accounting, VAT reporting or the annual accounts. Why not book yourself? Bookkeeping can be a complex undertaking, with your own initiative combined with the necessary know-how it can be achieved. However, do you have the time …or would your time be better spent on other aspects of your business. You could save mo...

  Digit, according to the first meaning, is relative to the fingers. The second definition refers to the digit numbers. Interesting dichotomy. The fingers, the pure expression of touching and physical contact versus digit numbers, the minimum expression of programming languages. We are in the  digital revolution , the digital era, the digital signature, digital printing, digitalization of companies, digital media, the digital thermometer … Everything is digital and it’s here to stay and enhance our working and social life. Well, this dichotomy occurs in everything. Digital friends we text via our mobile phone, sending digital loved ones emoticons and digital clients are the ones we communicate with without the need for paper documents working towards the paperless office. All this, taking into account that, in this digital world, everything is becoming virtual and the need to embrace is becoming a prerequisite to moving your business forward. Digital a...