There is one report in Xero that as a business owner you should be looking at EVERY.SINGLE.MONTH! Do you know what it is? And do you know what it tells you? Our clients often say to us – I’ve made all this profit but why have I got no cash?​They look at their profit and loss statement and see they’ve …

The first thing that needs to happen is the business needs to own the vehicle. If you own the vehicle already, you need to transfer the ownership to the company or if you’re buying a new vehicle, the company needs to buy the vehicle. This means the company can pay for: Fuel WOF Registration Maintenance Claim depreciation on the vehicle. …