Fiducia BossBackup and recovery
Also called Backups, 3-2-1 rule, RPO, RTO
Copies of your data you could actually restore from. The second half of that sentence is where most businesses fail.
Business A to Z
Every trade has words it uses without explaining. In business the cost of not knowing one is real: some of them are ordinary jargon and some of them are a decision that can take a house. Five hundred of them, in plain English.
Please note: This page explains what a term means. It is general information, not legal, financial, tax or investment advice, and it does not know anything about your business. Before you sign, file or commit to anything, check it with an accountant, a solicitor, or the official guidance we link to.
Studying business? We write GCSE revision songs, and there is one for business studies. Listen to the revision playlist.
38 terms filed under B, showing 1–10 (page 1 of 4).
B
BACS, Faster Payments and CHAPS
The ways money moves between UK bank accounts, and when to use which.
Bad debt relief
Reclaiming VAT you paid over on an invoice the customer never paid.
Balance sheet
Also called Statement of financial position
A photograph of what the business owns and owes on one particular day.
Bank reconciliation
Matching your books against the bank statement, line by line.
Benefits in kind and P11D
Non-cash benefits given to employees, and how they are taxed.
Board and governance for small companies
Running the company properly when it is just you and a co-founder.
Board meetings and minutes
Recording company decisions. Dull, and the evidence when it matters.
Bookkeeping
Recording what actually happened, accurately and on time. Everything else in your finances is built on it.
Bootstrapped growth versus funded
Two different games with different rules. Choosing deliberately matters.
Heard a term you did not need to look up?
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