Author name: emmasolace

As the leaves begin to fall and the air turns crisp, autumn signals a natural shift in seasons. For many business owners, it’s a perfect time to pause and reassess goals before the year ends. With just a few months left, autumn offers a unique opportunity to reflect on your progress and make the necessary […]

When you first started your business you may have considered whether or not a business plan matters. You may have soon found out that to open a business bank account if you’re a limited company, a business plan is essential. A business plan is the foundation upon which successful businesses are built. It serves as

Running a business is no small feat. Business owners face numerous challenges daily, from managing finances to ensuring smooth operations, staying competitive, and planning for growth. We know, because we’re business owners too!  Here, we’ll explore some of these common challenges and discuss how outsourcing, automation, and getting the right support can help overcome them.

When you think about planning a holiday, you probably picture setting a budget, researching destinations, and making sure every detail is covered to ensure a smooth trip. The same principles apply to budgeting for your business. However, just as you might hire a travel agent to take care of the intricate details of your trip,

As June rolls around, the anticipation of summer brings excitement for us at Solace but we also sense the touch of anxiety that business owners are feeling. Balancing the demands of your business with the desire to enjoy the sunshine can be challenging, and it makes sense. You have a lot going on. We’re here

If there’s one figure you know in your business, I expect it’s your bank balance. And it’s a pretty important one. But alone it doesn’t really give you any information about what’s happening in your business. At Solace we regularly speak to our clients about their cash flow forecast because it’s such a crucial part

In an era where software companies are aggressively marketing their AI-driven bookkeeping solutions as the end-all for small business financial management, there’s an important question to answer: Will anyone need a bookkeeper in the future? It’s not a simple question to answer. It’s true that AI has revolutionised bookkeeping (for those who have adopted it)

At Solace, we love entrepreneurs. We love to be entrepreneurial ourselves. And we know that as you do this, you are fueled by your passion for what you do and your plans for what your business could become. But the complexities lie heavily because financial management can be a hurdle – particularly when you don’t

Introduction Bookkeeping: you might think of it as just another expense, or at best, a way to keep track of where your money’s going. But what if we told you that good bookkeeping isn’t just about spending money wisely, but actually making more of it? Intrigued? Stick with us, and we’ll show you how keeping

Introduction Running a small business can be tough – there are many challenges that small business owners face daily. However, maintaining accurate and consistent financial records doesn’t need to be one of them – and it’s a great way to help your business grow. Bookkeeping is the area of accounting that deals with recording financial