Business Records
Gross or net revenue depends on the company’s role in the sale
Revenue may be reported gross or as a fee depending on whether a company acts as principal or agent. Follow the promised service before comparing totals.
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Business Records
Business Records
A dormant UK company can still have filing duties
A dormant UK limited company can still need accounts and a confirmation statement. Check the relevant definition and deadlines rather than equating no trading with no duties.
Business Records
Read an Accounts Receivable Ageing Report From the Due Date
Check the ageing basis and report date before treating a receivable as overdue, then reconcile payments, credits and disputes before following up.