Accountancy

ICB awards

Last month I was invited to the ICB (Institute of Certified Bookkeepers) awards, also known as the Lucas after the inventor of the double entry system, Luca Pacioli. I love…

Accountancy

Are timesheets useful?

Anyone who had to do timesheets in an accountancy firm probably remembers how much time they spent/wasted recording their time to the nearest 6 minutes. Then trying to make sure…

Accountancy

What’s in the tin?

When I was a kid my Mum had a special money box with separate slots and compartments to save for each bill. It’s how she taught us about budgeting. These…

Accountancy

What’s so special about 30 days?

What are your payment terms? Do you even have stated payment terms? Most businesses seem to opt for 30 days from the end of the month of invoice which means…