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Compare balance sheets to assess business performance
Use simple balance sheet comparisons to assess business performance internally and against competitors.
Interpreting balance sheet figures
Liabilities, assets, debtors and intangibles can all give you a picture of a business' financial health.
Use accounting ratios to assess business performance
Liquidity, solvency, efficiency and profitability ratio analysis can be used to assess business performance.
Make sure a business is worth buying: due diligence
Research the new business to ensure it is right for you, use solicitors and accountants to help you.
Buy a franchise
What franchising is, how to find and assess franchise opportunities and how to buy a franchise.
Buy an existing business
Advantages and disadvantages of buying an existing business including how to assess and value it.
Business accounting periods
The balance sheet portrays a business' performance over the financial year or accounting period.
The relationship between balance sheets and profit and loss accounts
How transactions in the profit and loss account can affect balance sheet entries and vice versa.
Existing employees when buying a business
Your legal obligations towards staff already working for the new company.
How to calculate the value of a business
How to find out whether the business you want to buy will be profitable and value for money.
Show strong financial performance when selling your business
How to get your business finances in good order and present your accounts in a clear, attractive way.
Profit reporting: how, when and where?
Reporting deadlines, the form to use and who to send it to.
Do all businesses have to produce formal profit and loss accounts?
What types of business have to produce P&L accounts and why they are a good idea for most businesses.
Cost of sales
The base cost of obtaining or creating your product.
Business expenses
Legitimate business expenses for accounting purposes and how to apportion expenses partly for business purposes.
Business angels
How business angels can fund investment in young and growing businesses.
Crowdfunding
What is crowdfunding and how can it be used to finance a business.
Claim loan interest against tax
If you deduct loan interest from your profits you can reduce your business tax bill.
Profit and loss accounting periods and tax
Accounting periods to use for the self-employed, partnerships and limited companies.
Records for producing a profit and loss account or completing a tax return
The financial records you must keep for profit and loss accounts or to complete personal and business tax returns.