http://chinesepod.com/lessons/business-style

Managing and keeping track of receipts and expenses is a major hassle at the best of times, and most often just doesn’t get done. The following two web applications help you track receipts and expenses giving nice printouts for yourself or your accountant.

You can log expenses via Email, iPhone, SMS, Voice, Twitter, IM etc…

Expenser

Shoeboxed – where receipts go

Shoeboxed takes your receipts, scans them in and organising them in a cost effective way, very useful.

A liquidator should be appointed if your company is insolvent. There are two definitions of insolvent, one is when the company is unable to meet its debts as they fall due, or the second being where the libabilities of the company exceed the company’s assets.

If a company is insolvent the directors need to think very carefully about their next steps. They should be extremely cautious in managing companies which are in financial difficulties.

It certain situations there can be very serious repercussions for directors including:

• 1. The veil of Limited liability be pierced and revoked, and the company directors be held personally liable for company debts.
• 2. Restrictions of company directors by the Director of Corporate Enforcement,
• 3. In certain cases criminal prceedings can be taking against a company director by the Director of public prosecutions.

If you find yourself in the above situation or suspect a company may be trading recklessly, it’s important to talk to an accountant or insolvency specialist as soon as possible.

For further information please visit the Director of corporate enforcement website