Business Articles

GBP 26m Fine for UK Small Businesses as 25 percent Fail to Get Accounts In On Time

Contents for this business article

  1. Editors Notes:
  2. Information about Kashflow:

Information about Kashflow:

Research has shown that 70 per cent of businesses fail within their first year. Many small businesses fail to integrate proper accounting practices causing a lack of financial control and consequent cash flow problems which forces the business to fail. In addition, owner managers often do not have the time and ‘know how’ to properly invest in business analysis. KashFlow is a simple and time efficient tool for owner managers to manage their accounts and monitor business performance.

KashFlow gives owner managers hands-on control over all their finances, enabling them to:

  • create, print and email professional looking, tailored invoices
  • send reminder letters for unpaid invoices
  • log payments received
  • log purchases made
  • produce VAT returns
  • manage a client base
  • reconcile bank statements
  • and run management reports.

 

KashFlow is simple to employ, with users instinctively knowing where to click to perform almost any accountancy task.

Owner managers are able to effectively manage their accounts with no need for software training or prior knowledge of accountancy. This simplicity frees up valuable time and resources, allowing small businesses to focus on core business activities.

 

All articles reproduced with permission from This Is Your Business

 

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