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Why Your Profit Isn’t What You Think It Is: The Cash vs Accrual Mystery

Picture this: your profit and loss statement shows £40,000 profit, but your bank account is nearly empty. How is this possible? The answer lies in understanding cash vs accrual accounting methods. As a chartered certified accountant with over 10 years of experience helping UK small businesses, I’ll explain how these two accounting approaches can paint completely different pictures of your business performance – and why choosing the right method could transform how you understand your profits and make crucial business decisions.

The Baker’s Dream – A Story for Small Small Business Owners

In this short video, ‘The Baker’s Dream – A Story for Small Small Business Owners,’ we follow the journey of Sarah, a small-town baker with big dreams. Like many entrepreneurs, Sarah faces challenges and moments of doubt. But a…