What are the different types of UK business structures? There are several ways in which a business can be set up. The most appropriate type

An income statement, also known as a profit and loss (P&L) statement, summarises the cumulative impact of revenue, gain, expense, and loss transactions for a given period. The document is often shared as part of quarterly and annual reports, and shows financial trends, business activities (revenue and expenses), and comparisons over set periods.

The Balance Sheet A balance sheet is a financial document designed to communicate exactly how much a company or organisation is worth—its “book value.” It

Cash flow forecasting is an essential exercise for your advice business. You need to ensure a positive cash balance to meet everyday expenses. A potentially profitable business may fail if it has cash flow problems.

Return on investment (ROI) is a metric used to denote how much profit has been generated from an investment that’s been made. Knowing how to

Financial key performance indicators (KPIs) are metrics used to track, measure, and analyse the financial health of a company. They fall under a variety of categories, including profitability, liquidity, solvency, efficiency, and valuation.