Boosting profitability with cloud accounting software
Editor | 16 September 2017
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Whether you are a freelancer, a small business or an accountant working freelancers and small businesses – improving profitability should be a key part of your financial management.
To improve profitability, you need to be more efficient with time and keep a sharp eye on invoices, expenses and the return on investment.
Cloud-based accountancy software systems Xero and FreeAgent help businesses track all of these factors in their projects facilities.

FreeAgent: Just 51% of invoices paid on time

Research showing that almost 50% of invoices are not paid on time has strengthened calls for the government to tackle the late payment crisis affecting freelancers and other microbusinesses.
Conducted by cloud accountancy software company FreeAgent, the research analysed 50,000 businesses and hundreds of thousands of invoices from the last year.
Last year, the government pledged to tackle the late payment of invoices. In part this was to be done through a Small Business Commissioner, who would act as a champion for Britain’s busy small businesses. But this post has yet to be filled.

Small Business Advice Week: Make sure you get paid on time

This week is Small Business Advice Week. Freelancers and other micro business owners can get lots of useful help and advice by visiting the Small Business Advice Week website and they can join in productive conversations happening on Twitter by using the hashtag #SBAW.
For our part, we want to address one of the biggest issues faced by small business owners – how to make sure they get paid on time.