profitability | HM Accounting

How to reduce business expenses

Review all costs - suppliers, packaging, postage, software, every penny that goes out of the business ought to be reviewed and checked to...

Signs of Overtrading and how you can fix it

Have you heard of the term "overtrading"? and do you know what it means? Overtrading is when a business expands too fast without the...

Bookkeeping Tips

3 Tips to help you manage your Bookkeeping 1 – Be Consistent Two of the fastest ways to muddy a financial report is (1) duplicate expense...

What is a Profit and Loss Statement and why do I need it?

A profit & loss statement (P&L aka income statement) is a financial report that shows your total income, total expenses and net income...

5 ways to take your business seriously

Here are 4 ways to start taking your business seriously: 💸 Register your business. Protect yourself + your personal assets by getting...

Doing your own bookkeeping? Here's what you need to know

Trying to DIY your bookkeeping? You NEED these four things 👇🏻 ✓ A separate bank account... running expenses through your personal...

10 ways that our Accounting Services will Add Value to Your Small Business

Everyone wants an accountant’s help when tax season strikes. Few people, however, know the kind of value HM Accounting can add outside of...

Pricing Correctly: A path to running a profitable business in 2022

We have seen considerable changes in customer behaviour as challenges such as the pandemic, the unrest in July, and rolling blackouts...