Why have regular training?

15 March 2023

At Books and Business we encourage all our clients to have regular training on QuickBooks; but why is this so important?

A recent visit to a client to provide their usual training saw us discussing the importance of what to check when manually entering payments into QuickBooks. Unfortunately, when these payments are not entered into QuickBooks correctly it can cause issues further down the line, which in turn means the accounts take longer to reconcile.

We showed this particular client that when entering payments manually onto QuickBooks they must double check the bank account from which the payment was made, as well as the date which the payment was issued. This is to ensure that the payment and the transaction, which comes in from the automatic bank feed, matches. When it all matches up reconciliation is quick and simple, which saves time.

We provide this straightforward QuickBooks training, we talk you through exactly what to check and where, as well as how it should look when reconciled. This ongoing QuickBooks training ultimately saves time and money. As QuickBooks Pro Advisors we can provide bespoke training packages to suit your needs, just get in touch for a quote.

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Homebuyers in Stamp Duty Sprint Before April Hike

by PH186232 • 20 February 2025

With the 1st April deadline looming, its reported that 550,000 homebuyers are racing to complete purchases before stamp duty jumps back to its 2022 levels. We have read that sales awaiting completion are up 25% from last year, with an average five-month wait putting pressure on buyers to beat the deadline. Currently, first-time buyers pay no stamp duty on homes up to £425,000 when purchasing a property worth up to £625,000, but from 1 st April, that drops to £300,000. The upper limit will also fall from £625,000 to £500,000. It's not just the first-time buyers taking a hit, currently stamp duty is only owed on amounts over £250,000, however from 1 st April, only the first £125,000 will be exempt. Despite the cost increase, it looks like most buyers are still pressing ahead, with some even renegotiating offers to offset the hike. According to our research, regardless of the impending cost increases, property experts such as Rightmove are predicting the demand to stay strong; especially if interest rates continue to fall. With mortgage rates already dipping below 4%, we believe buyers remain hopeful for a more affordable market ahead.