Category Archives: Training

Cost Type: Direct & Indirect

Cost Type: Direct & Indirect

Accountants classify cost as either direct or indirect. Differences between direct and indirect costs It is important to know the difference as this helps when it comes to: Pricing of goods and services Business Planning Controlling costs Understanding profitability of customers, products and services Improving efficiency Direct cost This refers to cost related to the production of products.  Below are

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Healthy Business, Healthy You

Healthy Business, Healthy You

Getting a Healthy Business is Like getting a Healthy You A healthy business is what we strive for. This blog will outline a five point approach for getting and improving business health, and how the approach has a lot in common with getting and improving personal health. Firstly, Objectives: It’s important to have objectives, for improving our personal health one

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Don’t Worry: Take Control of Your Numbers: Plan, Control and Decide

Don’t Worry: Take Control of Your Numbers: Plan, Control and Decide

Maintaining and growing your business This requires many things coming together, such as customer satisfaction, gaining clients, good products and services, motivated workforce, good relations with suppliers etc. An area often neglected is being able to take control of your business numbers and implement three key ingredients of managing your business, Planning, Control and Decision Making (PCD). A plan is

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Prepare For Making Tax Digital

Prepare For Making Tax Digital

The clock ticks and the Making Tax Digital of 01-April-19 will soon be upon us. HMRC have started sending out nudge letters to VAT registered businesses. We have already registered our own clients with HMRC and migrated them over to our preferred platform of choice, Xero. Here at Pro Active Resolutions we’d love to share our expertise and knowledge to

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Getting Started with Cloud Accounting and Xero: Three Things to Know

Getting Started with Cloud Accounting and Xero: Three Things to Know

Financial and business information plays a vital role in the management of businesses. It is used for numerous day-to-day operations: To comply with accounts, tax, PAYE and VAT obligations To tell us about levels of cash, income, costs, debt and monies owing To track income and expenditure from products, services and project. A cloud-based accounting system like Xero helps you

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Employee Motivation: What you should know

Employee Motivation: What you should know

Employee motivation is highly important for the productivity and growth of any organisation.  Employees who are motivated by their managers show good efforts, get involved in critical processes and on the whole remain loyal to their organisation. Employers should not overlook the power of motivation and should constantly try to boost the morale of their employees. Employers can help motive

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Cloud Accounting Software And Credit Control

Cloud Accounting Software And Credit Control

Helping Improve Credit Control Using a robust cloud accounting software can greatly improve your credit control, an area that a lot of people find quite challenging.  Although credit control is the life-line of businesses it doesn’t always receive the attention it should and many businesses find numerous obstacles when dealing with it i.e. not invoicing as soon as work is

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Self-Employed & Running Your Own Business

Self-Employed & Running Your Own Business

Becoming Self-Employed Registering as self-employed and running your own business can be extremely rewarding. However, being the captain of your own ship whilst losing the safety net of employment can be tough to balance. It comes about as a result of a conscious decision or a drift into it. In this blog we will share some thoughts based on our

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