Accounting

Gravitate partners with businesses to simplify and optimise their accounting processes. These blogs explore key accounting challenges, regulatory changes, and strategies to improve financial clarity and efficiency.
Accounting

Accountant vs Outsourced FD – Roles, Responsibilities & Skills

What are the differences between an accountant and an outsourced FD, and which does your business need?

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Accounting

Partner Spotlight: FreeAgent

Tom Hasted breaks down some of the key features and benefits of FreeAgent for Business users.

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Accounting

What is Bank Reconciliation? FAQs

Bank reconciliation is the process of comparing a company’s bank account records with its corresponding bank statements to ensure they match

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Accounting

Xero Data Protection – How it works and how to strengthen it

While a system-wide failure of Xero is highly unlikely, yours and your clients’ financial data is too important to leave to chance.

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Accounting

How to Read a Balance Sheet for a Limited Company

If you know how to read them closely, even basic statutory reports like a balance sheet can tell an important story.

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Accounting

Partnership vs. Limited Company: Which Business Structure is Right for You?

Two common options business owners take are a Partnership or a Limited Company. Both have their pros and cons.

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Accounting

Payments on Account (POA) for Self-Assessment tax bills

Payments on Account are advanced payments that you make towards your self-assessment tax bill for a given year.

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Accounting

How higher Employer NICs will impact Benefits in Kind (BIKs)

An area that will be impacted by the Employers NI increase is the cost of providing Benefits in Kind (BIKs) for employees.

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Accounting

Care Homes: Auditors should encourage financial automation

A care home business audit is a high-risk, complex process. Automation can make this far more manageable and efficient for both parties.

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Accounting

Digital Accounting and Automation for Private Care Home Businesses

Digital accounting can make your care home business more efficient as operating and staffing costs rise.

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Accounting

Financial Controller vs Finance Director – Roles, Skills & Focus

The Financial Controller is an operational role, while the Finance Director is more strategic. Here are the other key differences.

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Accounting

Audit Readiness – Automation, Clarity & Efficiency

Being audit ready involves accurate and accessible financial records and processes that comply with UK regulations.

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Accounting

Xero, QuickBooks, FreeAgent or Sage – Which is right for your business?

The right software is a powerful tool for managing your finances, ensuring compliance, and making informed business decisions.

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Accounting

Outsourced FD vs "Fractional CFO": What’s the Difference?

These roles involve tailored financial support to businesses without a full in-house finance function, but they are actually quite similar.

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Accounting

What is a Financial Controller (FC) and why does your business need one?

A Financial Controller plays a vital role in financial health and efficiency but also keeping your business out of regulatory hot water.

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Accounting

What is an Outsourced FD? (And does your business need one?)

An FD is a key role in a growing business, but it may not be appropriate for all companies. This is where outsourcing is a valuable option.

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Accounting

What is Digital Accounting and how does it work?

Digital Accounting takes traditional accounting practices and harnesses the latest technologies to make things faster and more precise.

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