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Advantages and disadvantages of accepting payment cards for sales
Card payments can increase sales, broaden your customer base and cut admin - but watch costs and the risk of fraud.
Funding support for food and drink businesses
Funding support for food and drink businesses in Northern Ireland.
What is a balance sheet and why is it used?
Limited companies and limited liability partnerships must produce a balance sheet as part of their annual accounts.
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.
Find and develop a business idea
The first steps to finding and developing a business idea and the research you might need to undertake
Skills support for food and drink businesses
Skills support and development for food and drink businesses in Northern Ireland.
Set up a business partnership
How to set up a limited partnership, choose a business name, appoint partners and register with Companies House
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.
Set up as a sole trader
Sole traders must register with HM Revenue and Customs and follow certain rules on running and naming their business
Ensure your workers are eligible to work in the UK
Employer responsibility to check a worker's right to work in the UK
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.
Family business
Understand the benefits and issues that affect family-run businesses, employing family members or financing from friends and family