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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.
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.
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.
Cost of sales
The base cost of obtaining or creating your product.
Business angels
How business angels can fund investment in young and growing businesses.
Acquire assets and borrow money tax efficiently
Tax efficient methods of borrowing and how they can apply to your business.
Business expenses
Legitimate business expenses for accounting purposes and how to apportion expenses partly for business purposes.
Retail start-up support
How to find the right financial and advisory support to start your retail business in Northern Ireland
Crowdfunding
What is crowdfunding and how can it be used to finance a business.
Profit and loss accounting periods and tax
Accounting periods to use for the self-employed, partnerships and limited companies.