Job Costing for Manufacturers: Which Jobs Make Money?
Your manufacturing business may be busy, with orders coming in and sales looking healthy, but do you know which jobs are actually making you money? It is easy to assume that a well-priced job will deliver the profit you expected. But the final result can be very different once the work is completed. Job costing […]
Why Does Your Business Show Profit But Less Cash?
One of the most confusing situations some small business owners encounter is seeing a healthy profit in the accounts while having very little money available in the bank. This can be an unsettling situation, especially when your figures suggest that the business is doing well. If you’re in this position, it’s important to know that […]
Payroll Management for Small Businesses
If you’re a business owner juggling different responsibilities, including managing employees or preparing to hire your first member of staff, payroll can quickly become another task competing for your attention. It involves more than simply paying your employees each month. You also need to handle deductions, report the required information to HMRC and keep your […]
Profit and Loss Statement Explained for UK Small Businesses
Once you receive your profit and loss statement, whether it has been prepared by your accountant or generated from your accounting software, you can see how much your business has earned, what it has spent and whether it has made a profit or loss. But what can those figures actually tell you about the performance […]
Why Small Businesses Have Cash Flow Problems
According to the British Business Bank, cash flow issues or late payment were reported as an obstacle by 22% of smaller UK businesses in Q3 2025, up from 19% in Q3 2024. For small business owners, this can make it harder to keep enough cash available to cover regular expenses, even when the business is […]
The 2023 Spring Budget
What you need to know about this year’s budget The Chancellor, Jeremy Hunt, has announced his spring budget for the UK on 15th March 2023. With positives of not entering into a technical recession this year, and inflation due to more than halve and reduce to 2.9% by the end of 2023, here are […]
Profitability: What it really means
As small business owners we measure the success of our business is many ways. Through feedback, client retainment, goal achievements and financially. One way of measuring a business’ success is to measure its profitability. Profitability measures the ability of a business to generate more total revenue than total expenses. This information can be used alongside […]
Plan to LIVE for 2023
A Guide on Crushing Your Goals with Adaptable Life Strategies There has never been a manual on achieving your goals from experience working with my clients for the last five years, planning out strategies for the various areas of their life that significantly impact their overall personal achievement. These areas can be different for everyone […]
Why digital accountancy is essential for your business
You have probably heard of various digital accountancy software such as Xero or Quickbooks and may be wondering if your business will benefit from making the switch. Digital Accounting software helps you easily record your business finances, whilst giving you quick access to analyse the data. Whether you are looking for basic invoicing capabilities, bank […]
How Small Businesses Can Thrive This Year
You may be wondering how you can make your small business thrive this year. There are many ways that you can help boost your business this year; and propel you to where you want to be in the business world. At Surrey Accountancy Limited we are really fortunate to be based in Epsom, Surrey; full […]