Month: January 2017

Development priorities for the year

Much of the last 12- 18 months have seen the development team focussed on “back end” improvements, with the move to a new hosted environment and changes to the look and feel of the product to improve responsiveness and make...

/ 30th January 2017

New starter spotlight – Ian and Michal

As we continue to grow our product and service, we are delighted to welcome 2 new starters into the Clear Books team. Meet Ian Stewart and Michal Olejarski. Ian Stewart With our partner programme expanding we have hired an additional...

/ 26th January 2017
Clear Books accounting term glossary support

What is amortisation?

Amortisation definition Amortisation is the process of reducing the value of an asset in order to show how its worth has reduced over time. It is therefore similar to depreciation, though it can be used to refer to the reduction...

/ 25th January 2017
Clear Books accounting term glossary support

What is accrual basis accounting?

Accruals basis definition The methodology behind accrual basis accounting is to make a record of revenues when they are earned - as opposed to recording them when the cash is actually received. Likewise, when using this method of accounting, any...

/ 25th January 2017
Clear Books accounting term glossary support

What is an accounting period?

Accounting period definition An accounting period is a set period of time for which financial statements are prepared, in order to show clearly what has happened during the period in question. Companies may choose to set their own internal accounting...

/ 25th January 2017
Clear Books accounting term glossary support

What are accounts?

Accounts definition Broadly speaking, there are four main types of financial statement you need to know about. These statements, or accounts, are prepared at the end of a set period of time to reflect the profits and losses recorded during...

/ 25th January 2017
Clear Books accounting term glossary support

What is accounts receivable (AR)?

Accounts receivable definition The term accounts receivable, or 'AR', relates to payment(s) that one company expects to receive from another. When a company purchases something from another company but doesn't immediately pay for it, the selling company will record this...

/ 25th January 2017
Clear Books accounting term glossary support

What is accounts payable (AP)?

Accounts payable definition The term accounts payable (AP) relates to goods or services that are received in advance of payment. This means the company that received the goods didn't pay for them in cash up front, and therefore acquired them...

/ 25th January 2017

VAT MOSS what next? Changes to VAT on cross border online sales

On 1 December 2016 the European Commission released its proposals for changes in the way VAT is applied to cross-border online sales within and into the EU. The current situation Since 1 January 2015 any business (whether VAT registered or...

/ 18th January 2017

Certified Partner Spotlight – Maitland Limited Chartered Accountants

Clear Books interviews Andy Maitland of Maitland Limited Chartered Accountants. It's always great to catch up with our partners to learn what makes their practice successful. Name & Company Andy Maitland, Maitland Limited Chartered Accountants Who are you and what...

/ 12th January 2017