There are many reasons a business owner may want to understand the average collection period meaning, calculation, and analysis. Not only does the ACP value provide important insights into the company’s short-term liquidity and the efficiency of its collection processes, but it can even be used to catch early signs of bad allowances. Most importantly, […]
It ensures that the product is sold in different price ranges as it forms different layers of prices for the respective product over the course of time. It aims to capitalize on this demand before gradually reducing prices to reach a wider audience. In order to fully understand the nature of this pricing method, it’s […]
To retain reasonable profit margins, businesses must monitor variable costs. Since these costs go up or down depending on the output, it affects the profit made on every sold unit. It becomes crucial to handle variable costs properly to avoid trimming down profits for those companies whose products rely on seasonal and market demand changes. […]
This bank deposit serves as the vehicle to clear the undeposited funds and record the actual deposit into your bank account. Before creating a new bank deposit, review your undeposited funds account and organize the transactions within it. This step ensures that all the payments you want understanding gaap vs ifrs to clear are accounted […]
If you’re deducting expenses for a rented office instead of your home, the same rules applies for things like utilities and repairs. Routine repairs to your office space are also deductible, but big improvements are treated differently. If you have an office space nearby that you work out of and use the home office on […]
The Wave suite of apps manages tasks like invoicing, payroll, and accounting/bookkeeping for small business owners. In-house teams use it to streamline their processes — data entry, bill payment, budget management, and more. Virtual bookkeepers use it to expand their offerings and provide even better service to their clients. Learn how you can use BILL’s […]
It doesn’t involve one single metric; instead, it is a way of analyzing a variety of financial data about a company. A regular review of your company’s financial ratios can help you focus on areas that may need improvement. Liquidity, efficiency, and profitability ratios, compared with other businesses in your industry, can highlight any strengths […]
Sage allows nonprofits to track and manage multiple funds, budgets, and grants. It enables organizations to accurately allocate expenses, generate specific reports, and monitor unrestricted and restricted funds simultaneously. QuickBooks also includes features for fund accounting including the ability to monitor grants, funds, and budgets. It enables nonprofits to assign income and expenses to specific […]
Yes, both have a fixed asset manager that allows you to track fixed assets and calculate depreciation. Fixed asset accounting is part of all Xero’s plans, whereas it’s offered only in the most expensive plan of QuickBooks Online, Advanced. We went to user review websites to read first-hand reviews from actual software users. Banking: QuickBooks […]
This statement provides an overview of cash inflows and outflows from operating, investing, and financing activities. When using accrual accounting, the cash flow statement can help business owners better understand the timing and magnitude of their cash flows, enabling more informed decision-making in their operations. It’s important for corporations to select the right accounting software […]
Damp and mould can cause serious health and structural problems in a property. If your landlord is responsible for fixing the issue and they have failed to do so, you may be entitled to compensation.
Document the issue, make a claim to your landlord or the courts, and get our experts advice. Your landlord is responsible for providing a safe and habitable living environment, and compensation may be due if they have failed in this obligation.
If you are a tenant and experiencing leaks in the ceiling, roof or tiles, it is likely that your landlord is responsible for fixing the issue. A leaking roof or ceiling can cause significant damage to a property, including water damage, mould growth, and even structural damage. If your landlord has failed to address the issue and you have suffered loss or damage as a result, you may be entitled to compensation.
To claim compensation, you should document the issue, including any damage or loss you have suffered, and take photos or videos to demonstrate the extent of the problem. You can then make a claim to your landlord or the courts.
Living in a property with structural defects can be a serious safety risk. If you are a tenant in social housing and your landlord has neglected to repair such defects, resulting in an unsafe or unhealthy living environment, we are here to assist you.
Our team of housing disrepair specialists can help you claim for the necessary repairs and compensation if your landlord has failed to address the structural defects even after being notified of the issue.
We operate on a no win, no fee basis for all social housing disrepair claims, ensuring that you have access to legal assistance without incurring any upfront costs.
If you are experiencing disrepair issues in your home, don't hesitate to reach out to us to see if we can help.
Under the law, your landlord is responsible for ensuring that your rental property is properly maintained. This includes addressing any pest or vermin infestations that may arise, as these can pose serious health and safety risks.
In some cases, the landlord may be held liable for the infestation if it was caused by a pre-existing disrepair issue, such as a hole in the building that the landlord failed to repair. However, if the vermin were present when you moved into the property, the responsibility may fall on you as the tenant.
It's crucial to report any pest or vermin issues to your landlord as soon as possible and to keep detailed records of all communication regarding the matter. This includes any letters, texts, or emails exchanged between you and your landlord, as well as notes from any phone or in-person conversations. Gathering photographic evidence of the infestation can also strengthen your case.
Remember that as a tenant, you have the right to a safe and habitable living space, and your landlord is obligated to take action to address any issues that may arise.
As a tenant, you have the right to expect that your landlord will keep the heating and hot water system in good condition. This includes ensuring that the boiler is checked regularly and a gas safety certificate is produced at least once a year.
If you report a fault with the heating or hot water and you are left without either, your landlord is expected to rectify the problem within a reasonable timeframe, typically within a few days. Failure to do so could result in you being entitled to compensation for any inconvenience caused by your landlord's failure to comply with their legal obligations.
In addition to claiming compensation for any inconvenience, you may also be able to claim for any additional costs incurred as a result of the disrepair. For example, if you have to spend extra money on heating due to the faulty system, you may be able to claim this back from your landlord.
It is important to remember that as a tenant, you have certain rights and responsibilities, and your landlord has a legal obligation to ensure that the property is kept in a safe and habitable condition. If you have any concerns about the condition of your heating or hot water system, you should contact your landlord immediately.
Poorly maintained home can cause physical or mental health issue to you and your family. The Disrepair can cause a direct injury, a direct health issue or exacerbate an ongoing condition. A gas leak, water leak, mould, damp, a broken step or a vermin/ mice infestation are all examples of disrepair that can cause health issues to you and your family . If you or members of your family have suffered from any health issues as a direct result of the poor conditions in your home, we want to help you.
You deserve to be happy and healthy in the place that you live, your health is paramount and at times you may not be sure if your health is affected, Our experts can help.
