It appears that restaurants are starting to turn around from their race to the bottom. Prices at the major restaurant chains dropped rapidly during the economic downturn as competitors raced to offer a better deal to customers who had thin wallets. Even though margins have been pretty thin, this has at least led to one good outcome for restaurant owners and managers: they are being fiscally responsible.
In order to shave costs and offer better value to customers, restaurant managers have been relying heavily on their accounting software. Read more
For many small businesses, bookkeeping can be one of the most daunting tasks when it comes to the accounting side of their business. In the past, most firms had one set of books, which included their revenues, expenses, which all finally got posted to their general ledger. This paper method of accounting was the only way to record all transactions at the time, and it left a lot of room for error and malfeasance. Read more
Assuming you have a manual system, an automatic robot or EA (expert advisor), you first need to check how this system would have been doing in the past if you had actually used it. This gives a vital view of the system performance and let you know what to expect and whether this system should deserve any further attention from you.
Indeed one of the main issues you are going to face is ensuring a system has a high probability of its future profitability. Read more
There are practically endless possibilities when it comes to choosing your current bank account in the UK. Since the financial market in the UK is a very developed one, there will be a large variety of decisions you need to make when choosing your current account. Nevertheless, whether you are looking for your first current account or you want to switch your bank, the most important thing to pay attention to are the current account fees.
The surveys carried out on the market reveal the fact that the more than 80% of current account holders would switch their bank if charges were introduced on the current accounts. Read more
I have been on a rant lately and I do not see an end in sight anytime soon. I am hoping people will jump on the bandwagon with me and scream out ” payday loans, prisons and politicians must go!”
What in the world is going on?
Todays news really has gotten under my skin and I just needed to sit down and put it into words. Read more
It is very hard to do anything in the UK without a bank account. Without a bank account, the very simplest of tasks become very complicated. Like it or not we are a society that has, for many of its most important transactions, dispensed with cash almost entirely; your employer will need, for instance, to pay your wages into a bank account, and paying your bills without a cheque book or debit card can be almost impossible.
So, we know that we have to use a bank account, but with the recent behaviour of many of our banks we may be feeling a little sheepish at the thought of having to choose between what often seems like a bad bunch. Read more