What does EBITDA actually stand for? The answer is Earnings before Interest, Tax, Depreciation and Amortization. more»

It’s the balance sheet that summarises the company’s assets, liabilities and the shareholder’s equity at a particular point in time. more»

Business Advice unpicks one of the growing threats to small companies, asking what is CEO fraud, before consulting two experts on the typical tactics employed by scammers and how owners can protect their firm. more»

Following the Treasury’s hints that tax reforms could be extended into the private sector, Business Advice asks a question on many lips – what is IR35 and who is affected by this change. more»

A bill of exchange is a written order of payment, binding one party to pay a fixed amount of money to another party for goods or services on a predetermined date. They are especially useful when it comes to cross-border trade. more»

Joint ventures are a vital tool of business organisation. You can use them to spread risk, access resources and attack opportunities that you may prefer not to tackle on your own. 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, Emily Coltman, chief accountant to FreeAgent, leverages her expertise for Business Advice readers to answer one of the most important questions for new founders – what is bad debt? more»

Often referred to as the income statement, the profit and loss statement is one of the cornerstones of business financial analysis and reporting. more»

There is always a lot that can be gleaned from the details of a profit and loss account sheet, but the key figures will be those that demonstrate how sizeable your profits or losses have been during a specified period. more»