The start of a new year is the perfect time to set clear financial goals for your business and is something we do at DNA every January. Setting goals is just the beginning – achieving them requires careful planning and the right tools. Here’s how we’re tackling 2025 with Xero as our secret weapon. Setting
Category Archives: Xero Tips & Tricks
Bookkeeping, Common Bookkeeping Mistakes, Organising Your Receipts & Invoices, Self-Assessment Tips for Sole Traders, VAT Tips for Small Businesses, Xero Tips & Tricks, Year-End Preparation Tips
Behind the scenes of double-entry bookkeeping with Xero: Why the details matter
For many small business owners, bookkeeping might feel like a bit of a mystery. You upload receipts, reconcile bank transactions, and assign account codes, but what’s really happening behind the scenes? At DNA, we love pulling back the curtain to show how double-entry bookkeeping – the unsung hero of good financial management – works its
Automating Your Finances, Best Accounting Apps, Technology & Software for Businesses, Xero Tips & Tricks
How Do I Use Artificial Intelligence?
How I Use Artificial Intelligence (And Did I Use AI to Write This?!) Whether you’re a fan of it or not, artificial intelligence (AI) is here to stay—and it’s actually been around for quite a while. You might be using it daily without even realising it! Take Xero, for example. It’s been quietly using AI
Automating Your Finances, Bookkeeping, Organising Your Receipts & Invoices, Self-Assessment Tips for Sole Traders, Tax Planning & Saving Tips, Xero Tips & Tricks
Credit Control: Chasing invoices and lending clients money for no gain
In the bustling world of UK business, maintaining a healthy cash flow is paramount. Credit control, the process of managing a company’s credit policies, plays a crucial role in ensuring that invoices are paid on time and that the business does not inadvertently become a lender to its clients. Here’s a deep dive into effective
Automating Your Finances, Bookkeeping, Common Bookkeeping Mistakes, Self-Assessment Tips for Sole Traders, Tax Planning & Saving Tips, VAT Tips for Small Businesses, Xero Tips & Tricks
The importance of providing bank statements to your accountant despite Xero direct feeds
In today’s digital world, tools like Xero have made managing business finances much easier. With direct bank feeds, your transactions automatically show up in your accounting software, saving you time and effort. But even though this technology is fantastic, it isn’t perfect. That’s why your accountant might still ask for copies of your physical bank
Bookkeeping, Common Bookkeeping Mistakes, Corporation Tax, Organising Your Receipts & Invoices, Xero Tips & Tricks, Year-End Preparation Tips
What should your accountant check at Year-End?
As the end of the financial year rolls around, it’s super important to make sure your business’s financial records are spot on. This is where your accountant steps in, performing a bunch of key checks to wrap up your accounts. These checks help prepare accurate financial statements and ensure your business stays compliant with the
Bookkeeping, Client Success Stories, Common Bookkeeping Mistakes, VAT Tips for Small Businesses, Xero Tips & Tricks
Are you thinking of doing your own limited company’s bookkeeping?
We hate to break it to you, but you’re not the best bookkeeper for your business. You are a business owner with a speciality in your industry. Here at DNA Accountants, we’ll always encourage business owners to hand over their bookkeeping to us. Why do we suggest this? Because it’s the fastest way to save
Best Accounting Apps, Changes to Tax Rates & Thresholds, HMRC Updates & Changes, Important News from HMRC, MTD for Income Tax (ITSA), MTD for VAT, Technology & Software for Businesses, Xero Tips & Tricks
What is MTD and how will it affect my business?
What is MTD we hear you ask? No, it’s not “Month to Date”, “Metric Tonnes per Day” or even “Marine Technology Directorate”! We’re talking about Making Tax Digital. The scheme was originally announced by HMRC in 2017, but it’s been years in the making (a bit like Avatar 2!). What’s changing? MTD will require
Self-Assessment Tips for Sole Traders, Tax Planning & Saving Tips, Technology & Software for Businesses, Xero Tips & Tricks
Small business survival guide
Starting a new business is rewarding, but it certainly comes with its challenges…to put it lightly! You’ve often got to contend with circumstances completely out of your control, all while spinning what feels like a hundred plates to manage the day-to-day. Although setting up a new business takes major legwork, there are key processes you
Xero is the UK’s leading accounting software, and here at DNA we’re big fans. We discovered it ten years ago, and quickly found it was worlds above anything we’d used before! We started recommending it to our clients, and now pretty much everyone we work with is on it (and the handful who aren’t are
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