Accounting

Xero is a safe, secure and reliable online accounting software package that automates everyday business tasks. Take it from us. It’s super helpful. With real-time financial information at your fingertips, you can check your company’s financial health instantly. Plus, Xero’s customisable dashboard allows you to share interactive reports and budgets. In short, it’ll save you a load of time and help you to grow your business. 

Libeo has great friends, and a number of them are found at The Wow Company – a national firm of accountants who offer proactive accounting solutions to small businesses across the country. We sat down with Co-Founder Paul Bulpitt, who has over 20 years of experience in the sector, to gain insight into the best accountancy software for small businesses, from sole traders and new start-ups to established firms with turnovers of £1m.

Account reconciliation is an important accounting practice that all business owners must perform. If you are new to this concept, you might be thinking, what does this have to do with banking? Accounting accuracy is the lifeblood of your business. Without a good flow of money, your business won't grow.

When you run a small business, it is very likely that you are going to have to deal with your business bank statements. Here's How to Do a Bank Reconciliation. But don't worry. Learning how to do it isn't hard. You need to have three things to start: your bank statement, the cash book and a calculator.