A purchase order outlines to a vendor or supplier exactly what the purchaser needs, when they need it by, how much it is going to cost and when payment should be made. more»

As the clock ticks on Toys R Us to stump up the cash for a £15m VAT bill, tax experts have urged small business owners to consider their own practices. more»

New analysis of Companies House data has confirmed the harsh environment entrepreneurs enter into when starting a business, with almost 40,000 companies failing to pass their first birthday in the last ten years. more»

Insolvency – a state in which a company or an individual can no longer pay its debts – stands apart from the processes of liquidation, bankruptcy and administration. more»

Put simply, accounts receivables are the sales that you’ve made and delivered, but which haven’t been paid for yet. They’re a record of the work you’ve done for a customer and that customer owes you a certain amount of money. more»

Here, head of the Orsmby Street cash flow platform Rob Drury looks closely at the difference between a purchase order and an invoice for small business owners. more»

Here, Emily Coltman, chief accountant to FreeAgent, offers some handy information around finding suitable freelance rates for both you and your clients, including tips from fellow freelancers. more»

Britain’s community of sole traders and freelancers have delivered a split verdict on their ability to handle finance administration, according to new survey findings. more»

You’ve decided to make the exciting leap to start a new business. One of your next decisions will be choosing the best structure for your new company. more»

Overly complex back-office time drains like admin tasks cost professional employees almost one day each week, according to a new study by software firm Adobe. more»