article thumbnail

Lightyear partners with BlackRock to bring high yield money market funds to retail investors in the UK

Accounting Insight

interest on uninvested GBP, now has a strong product for UK retail investors to make the most of global high interest rates. MMFs are mutual funds, meaning they trade and are priced daily directly with BlackRock. 1 Launching MMFs is a step change for the investment platform, which in addition to 4.5%

Retail 52
article thumbnail

Lightyear targets UK ‘solopreneur’ and freelancer market with business investment account launch

Accounting Insight

New business accounts mean freelancers can invest and earn interest on company money In 2022, the Federation of Small Businesses estimated that the UK was home to 5.5M Martin Sokk, Co-founder and CEO at Lightyear, says: “The retail investment market has come a long way in the last ten years or so. of which had no employees.

Account 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Blank Check Companies Set Sights On Unicorns

PYMNTS

But by letting investors (that would be the retail type) throw in their money to fund larger, better-known (and ostensibly savvier) operators like Ackman and others, the idea is that mergers and acquisitions will generate returns. .” And in yet another June bid, Hudson Executive Investment Corp.,

article thumbnail

Security Demands Spur Virtual Debit Card Adoption

PYMNTS

Major data breaches typically stick in consumers’ minds, and many are worried about keeping their debit card and account information safe. A mistake on just one merchant’s part can compromise consumers’ accounts, meaning shoppers must consider whether each business with which they transact will raise their risks.

article thumbnail

Running Restaurants: A Comprehensive Guide to Restaurant Bookkeeping

Snyder

A typical bookkeeping cycle would consist of: Account reconciliation ; Payroll; Accounts payable. Reconciling in accounting means that you need to compare two sets of documents, usually a financial account statement and your company’s financial spreadsheet, in order to make sure they’re in agreement.

article thumbnail

Basic Accounting for a Small Business: Bookkeeping and Accounting Basics

Snyder

Larger companies tend to use the accrual basis of accounting, meaning that revenues and expenses are recorded at the time of the transaction (when you get a bill or raise an invoice), not at the time when the payments are made. Learn more about accounting for a retail store. Set up accounts for recording transactions.

article thumbnail

147 Cloud Accounting Software Apps: The Big List

Ryan Lazanis

103) Tanda Integrating with cloud-based accounting software like Xero, QuickBooks & MYOB, Tanda is a platform to help your business with rostering for shift work, employee onboarding & attendance. Point of Sale Apps When you have a retail location, you collect money in a variety of ways: cash, credit card, debit & check.