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![How the acid test ratio helps small businesses](https://images.ctfassets.net/40w0m41bmydz/6eb6wtrFrpjdGUisBaD0MM/27fb194300db3d9a432be44ecab0b158/CDT-878_Organic_content_thumbnail_accounting_03.png?w=680&h=384&q=50&fm=png)
Review the importance of the acid test ratio for small businesses and start-ups
![Cash flow projection templates](https://images.ctfassets.net/40w0m41bmydz/7KSgCvElsk5XSo9NpGooKu/712681e69e22f1cc79cb657d7d12539f/CDT-878_Organic_content_thumbnail_starting_a_business_01.png?w=680&h=385&q=50&fm=png)
Small business cash flow projection templates help to predict cash flow
![What is a minimum viable product?](https://images.ctfassets.net/40w0m41bmydz/6J9KrCbzMryjMmx8VOccbY/1c9169bd8b582ffb4c816e4496134130/CDT-878_Organic_content_thumbnail_starting_a_business_04.png?w=680&h=385&q=50&fm=png)
MVP stands for minimum viable product, or the earliest version of your product
![What is proof of concept (POC)?](https://images.ctfassets.net/40w0m41bmydz/18XFs12FhSe0Ou93BDNQqc/8e96f2a109090b699099c6b89af1c34c/CDT-878_Organic_content_thumbnail_starting_a_business_02.png?w=680&h=385&q=50&fm=png)
Proof of concept helps demonstrate the potential of your product
![Budget templates for your business](https://images.ctfassets.net/40w0m41bmydz/71hnonhomQX74z5mJzYU9v/2fb189ea7f3a8db580fb6f4228f229f7/CDT-878_Organic_content_thumbnail_starting_a_business_03.png?w=680&h=385&q=50&fm=png)
Business budget templates can help you keep track of your finances
![What are statutory books?](https://images.ctfassets.net/40w0m41bmydz/4rghWcmzE0rjGnUBRzxabT/7af330ebe1010da27970030e511a7e3e/CDT-878_Organic_content_thumbnail_accounting_01.png?w=680&h=384&q=50&fm=png)
Statutory books are required under the provisions of the Companies Act 2006
![What is comparative advantage theory?](https://images.ctfassets.net/40w0m41bmydz/18XFs12FhSe0Ou93BDNQqc/8e96f2a109090b699099c6b89af1c34c/CDT-878_Organic_content_thumbnail_starting_a_business_02.png?w=680&h=385&q=50&fm=png)
Comparative advantage is attributed to David Ricardo. Learn more.
![What is downsizing?](https://images.ctfassets.net/40w0m41bmydz/71hnonhomQX74z5mJzYU9v/2fb189ea7f3a8db580fb6f4228f229f7/CDT-878_Organic_content_thumbnail_starting_a_business_03.png?w=680&h=385&q=50&fm=png)
Explore the effects of downsizing with GoCardless, right here
![What are corporation tax losses?](https://images.ctfassets.net/40w0m41bmydz/3eElXT4dImlsLYjGKImZNx/de6a19da14248695818209a2bac9cc6e/CDT-878_Organic_content_thumbnail_accounting_04.png?w=680&h=384&q=50&fm=png)
There may be relief available to reduce your corporation tax loss
![Earnings per share: what is it and how to calculate it](https://images.ctfassets.net/40w0m41bmydz/4rghWcmzE0rjGnUBRzxabT/7af330ebe1010da27970030e511a7e3e/CDT-878_Organic_content_thumbnail_accounting_01.png?w=680&h=384&q=50&fm=png)
Discover what earnings per share means and how to calculate it
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Keep your business books balanced using the accounting equation
![Accounting period: a complete guide](https://images.ctfassets.net/40w0m41bmydz/3eElXT4dImlsLYjGKImZNx/de6a19da14248695818209a2bac9cc6e/CDT-878_Organic_content_thumbnail_accounting_04.png?w=680&h=384&q=50&fm=png)
Find out what an accounting period is and how it’s used in business
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Discover our top 5 start-up business tools and what makes them so great
![What is teeming and lading?](https://images.ctfassets.net/40w0m41bmydz/4rghWcmzE0rjGnUBRzxabT/7af330ebe1010da27970030e511a7e3e/CDT-878_Organic_content_thumbnail_accounting_01.png?w=680&h=384&q=50&fm=png)
![What is a unit trust?](https://images.ctfassets.net/40w0m41bmydz/2FJ7EXJNWTEbdSvX7G00Ti/253ad9cf94977b6971a01b23164dc548/CDT-878_Organic_content_thumbnail_financial_mgmt_02.png?w=680&h=385&q=50&fm=png)
![What is a credit sale?](https://images.ctfassets.net/40w0m41bmydz/5tPd8B199ctdFNRAzHZoOk/ad5a3f15b882035bdd70213c06841761/CDT-878_Organic_content_thumbnail_financial_mgmt_04.png?w=680&h=385&q=50&fm=png)
A credit sale is essentially a form of buy-now, pay-later sale
![What is a statutory audit?](https://images.ctfassets.net/40w0m41bmydz/6eb6wtrFrpjdGUisBaD0MM/27fb194300db3d9a432be44ecab0b158/CDT-878_Organic_content_thumbnail_accounting_03.png?w=680&h=384&q=50&fm=png)
A statutory audit is a review of an organisation's financial records
![What is a lump-sum payment?](https://images.ctfassets.net/40w0m41bmydz/5tPd8B199ctdFNRAzHZoOk/ad5a3f15b882035bdd70213c06841761/CDT-878_Organic_content_thumbnail_financial_mgmt_04.png?w=680&h=385&q=50&fm=png)
A lump-sum payment is a portion of your pension that you can take upfront
![What is a letter of credit?](https://images.ctfassets.net/40w0m41bmydz/1kQ3ksHVz5b8ki7AyL84ai/f85d8f9954379f9c51620b32af19b6f9/CDT-878_Organic_content_thumbnail_financial_mgmt_01.png?w=680&h=385&q=50&fm=png)
A letter of credit is a guarantee of payment from a bank
![What are provisions in accounting?](https://images.ctfassets.net/40w0m41bmydz/3BK7XcG1RXW5YCoY1q3Afq/e422c813bf6aaa04517858b88765eaf0/CDT-878_Organic_content_thumbnail_accounting_02.png?w=680&h=384&q=50&fm=png)
Discover the meaning of provisions in accounting and how it’s used
![What is leverage ratio?](https://images.ctfassets.net/40w0m41bmydz/33loAp4caSj6BlCYZFJnGK/9621771dae28976cb9c7dfb246ad6d6b/CDT-878_Organic_content_thumbnail_financial_mgmt_03.png?w=680&h=385&q=50&fm=png)
![What are the types of negotiable instruments?](https://images.ctfassets.net/40w0m41bmydz/1kQ3ksHVz5b8ki7AyL84ai/f85d8f9954379f9c51620b32af19b6f9/CDT-878_Organic_content_thumbnail_financial_mgmt_01.png?w=680&h=385&q=50&fm=png)
What is a negotiable instrument, and how is it used? Find out here
![What are key performance indicators (KPIs)?](https://images.ctfassets.net/40w0m41bmydz/6J9KrCbzMryjMmx8VOccbY/1c9169bd8b582ffb4c816e4496134130/CDT-878_Organic_content_thumbnail_starting_a_business_04.png?w=680&h=385&q=50&fm=png)
Are you using key performance indicators (KPIs) effectively?