What is Input VAT?
Input VAT refers to the Value Added Tax (VAT) a business pays on goods or services purchased for business use. It is the VAT charged by suppliers on items or services the business needs to produce its products or deliver its services. Businesses that are VAT-registered can typically reclaim input VAT through their VAT returns, […]
What is P85?
The P85 form is a document used in the UK for tax purposes when an individual leaves the country. It is submitted to HM Revenue and Customs (HMRC) to: This form is particularly useful to ensure your tax affairs are handled correctly after becoming a non-resident for UK tax purposes. However, its use is optional […]
What is a Purchase Ledger
The purchase ledger records and tracks all purchases and related financial transactions with suppliers.
What is a Debtor
This typically includes customers who have received goods or services but have not yet paid for them
What Are Sundries? Everyday Essentials Explained
“sundry expenses,” a term used in accounting to record minor, irregular expenses that do not fit into standard expense categories.
why do companies use online collaborative productivity software
Online collaborative productivity software refers to digital tools that allow teams to work together seamlessly, even when they are not in the same physical space.
Boost Productivity with Time & Expense Management Tools
One often-overlooked way to achieve maximizing employee productivity goal is by utilizing time and expense management tools.
Eliminate redundant tasks with integrated Accounting Software
Integrated accounting software – the solution that can revolutionize the way you manage your finances and streamline your operations.
Relief from Financial Stress: Our Accounting Solution
Our innovative platform is specifically engineered to not only mitigate these challenges but to empower businesses.