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Understanding the costs of hiring employees
Not every business owner has dreams about becoming a global organisation with thousands of store locations. […]
5 Bookkeeping mistakes your business should avoid
There’s nothing worse for a business than an accounting scandal. Japanese electronic giant Toshiba recently hired […]
Five tips to keep your expenses in check
As a small business or startup, money is a big concern. While you would love to […]
What are opening and closing balances and how do I use them?
How to Use Opening Balance and Closing Balance It’s your first time doing the accounts for […]
What’s the difference between invoice and cash basis of accounting?
Difference between Invoice and Cash Basis Accounting Understanding the difference between invoice and cash basis of […]
What is a profit margin and why is it important?
Here at Big Red Cloud we encourage you to keep your accounts up to date […]
What is a nominal ledger?
Nominal Ledgers Bookkeeping is a necessary part of running your business. Not only do you have […]
How to prepare a cash flow forecast
How to Prepare a Cash Flow Forecast Cash flow forecast is a pretty important topic and […]
What’s the difference between a cash and credit transaction?
Transactions are the building blocks of our accounts. Any transactions that occur within our business […]
What are debtors statements and why are they important?
We’ve mentioned this many times before, but cash flow is critical for the health of […]