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Set up a profit and loss account for your business
The financial records you need to keep in order to report your profit or loss.
How to avoid overtrading: example
A case study of how to avoid a situation of overtrading and the potential disaster it causes.
Business banking services offered by European banks
The different business accounts and business services offered by European banks.
What you will need to set up your business account in Europe
The documents that banks in Europe will require you to submit before you can open your business bank account.
Payment card security measures
Fraud prevention techniques and your obligation to protect cardholder data that your business stores or transmits.
Advantages and disadvantages of accepting payment cards for sales
Card payments can increase sales, broaden your customer base and cut admin - but watch costs and the risk of fraud.
Make an offer to buy a business property
Understand conditional offers, lockout agreements, building survey results and raising finance for the purchase.
What is a balance sheet and why is it used?
Limited companies and limited liability partnerships must produce a balance sheet as part of their annual accounts.
Compare balance sheets to assess business performance
Use simple balance sheet comparisons to assess business performance internally and against competitors.
Interpreting balance sheet figures
Liabilities, assets, debtors and intangibles can all give you a picture of a business' financial health.
Use accounting ratios to assess business performance
Liquidity, solvency, efficiency and profitability ratio analysis can be used to assess business performance.
Business accounting periods
The balance sheet portrays a business' performance over the financial year or accounting period.
The relationship between balance sheets and profit and loss accounts
How transactions in the profit and loss account can affect balance sheet entries and vice versa.
Buying business property
What to consider when buying your own business premises, financial and legal aspects, and when to use a solicitor or surveyor.
Choosing business property
Key issues to consider when choosing the right commercial property for your business needs.
Advantages and disadvantages of buying business property
You should weigh up both pros and cons when considering buying a business property.
Renting commercial property
Key factors to consider when choosing to rent property to meet your business demands.
Use your home as a workplace
Tax implications, financial and legal issues, security, and setting up your work area if you plan to work from home.
Profit reporting: how, when and where?
Reporting deadlines, the form to use and who to send it to.
Do all businesses have to produce formal profit and loss accounts?
What types of business have to produce P&L accounts and why they are a good idea for most businesses.