Academy

All you need to know about exchange rates

We hear about exchange rates all the time, but what are they and why are they so important?

Don’t fall for HMRC scams

Recent news reports show a persistent scam where fraudsters pretending to work for the UK tax authority, Her Majesty's Revenue and Customs (HMRC), contact people to trick them into giving them money. Here

Crypto reaches milestone $1trillion dollar market cap 🎉

The total crypto market capitalisation has now passed $1 trillion, (yes, trillion), for the very first time since the introduction of the first cryptocurrency in 2009.

Samaritans trains Revolut support agents to better spot and support vulnerable customers

We’re always looking to improve in everything we do and see how we can better support our customers. So recently our customer support team took part in training sessions run by Samaritans,

Money Mules: If it sounds too good to be true, it probably is

Revolut is proud to be supporting Europol’s European Money Mule Action (EMMA) and #DontbeaMule initiative to spread awareness about money muling and how criminals are luring commonly young or vulnerable individuals to

How to look out for account takeover scams 👀

While the internet has given us plenty of positive opportunities, it’s also provided scammers with more ways to trick people into giving away their money and personal information. One of the ways

Coping with mental health and money worries during the pandemic

The COVID pandemic and lockdown restrictions are affecting all our lives and putting additional pressure on our mental health. Job insecurity, debt and financial worries can all cause emotional distress; feeling low, anxious or stressed is a natural response.

Upcoming Bitcoin Cash Hard Fork

You might have heard about an upcoming Bitcoin Cash (BCH) hard fork scheduled for November 15th, so we wanted to let you know what it means, and how it will affect you. TL;

Paiement sans contact : comment ça marche ?

Comment fonctionnent les paiements sans contact ? Et comment pouvez-vous être sûr que vous êtes en sécurité lorsque vous payez avec des cartes sans contact ?

What is small business tax and who pays it?

If you’re self employed and run your own business, you need to take responsibility for managing your taxes. Being on top of the small business taxes you’ll pay helps avoid surprises

Understanding the free cash flow formula

Free cash flow is the cash that a company generates after considering all the cash outflows. A cash outflow might be done to stay in business or to maintain the capital assets which

What is sales revenue?

If you’re starting a business, it’s crucial you understand sales revenue, the formula and how to use it. Your sales revenue will be a critical part of your business model, business

What is the sales revenue formula and how is it used?

In this article we are covering everything you need about the sales revenue formula. Its importance, use and common errors. Why do we need to know sales revenue?What is it used for?

The proof is in the pudding - restaurant spending soars as Brits eat out to help out

Throughout August, Eat Out to Help Out was in place across the UK, giving customers £10 off mid-week meals. How did consumers across the UK react to this incentive? Let’s take a quick look at the data 👇

What does Cost of Sales mean and how is it calculated?

Understanding the numbers in your business is essential for all small business owners if you wish to scale a business. Most business owners understand the revenue and overheads element of a P&

Do I need to complete a tax return?

Ian Dodge, Private Client Services Tax Manager, Haines Watts Berkhamsted breaks down UK tax policy for small business.

[Webinar] Tips on how to automate your finances from AAT qualified accountants

This week, Rishi, our Head of the Accountant Partner Programme will interview two AAT qualified accountants; Tamsyn Jefferson-Harvey, Founder, Seed Accounting Solutions and Rob Newman, Tax Director, Carter Collins & Myer to discuss their best tips for automating your firm’s finance processes.

Understanding enterprise multiple EV/EBITDA

Ashutosh Garg, Product Manager, Refrens.com EV/EBITDA is a ratio that compares a firm’s enterprise value (EV) to its earnings before interests, taxes, depreciation, and amortization (EBITDA). EV/EBITDA is a

What is the best accounting software for small businesses?

What is the best accounting software for small businesses? Read the list of Joe David of Nephos Accountants who makes his expert recommendations.

What is the difference between depreciation and amortization?

Both depreciation and amortization are ways of expensing the cost of a business asset over its useful life period. When a company acquires a business asset, the complete cost of acquisition of the asset is not expensed at once, but proportionately based on the time period of their usage.

How to work out revenue?

When you think about how to work out revenue, it helps to remember that the primary goal is merely to show the income that a business generates from its ordinary activities over a given period. That’s it.

How to calculate cash flow with the indirect method

Liquidity is the lifeblood of a business, and so the premise of how to calculate cash flow is critical. The primary tools are the cash flow statement and the cash flow forecast. The

What is free cash flow and why does it matter?

Free cash flow (FCF) is a metric which reveals the liquidity of a business (i.e. its access to cash) as well as its operating efficiency. In straightforward terms, free cash flow is

What is the indirect method of preparing a cash flow statement?

When you need to prepare a cash flow statement for a business over a given period, there are two different ways to calculate the actual cash flow: indirect method and the direct method.

What is cash flow analysis and why does it matter?

The premise of cash flow analysis is to examine how cash moves into and out of a business over a given period. At the simplest level, this horizon scanning enables the business to

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