Bookkeeping is critical in every business. Use our free online resources to find expert advice on keeping accurate and up-to-date financial records, so that you always have access to the information you need. With information and practical guides on speeding up everyday bookkeeping processes, minimising the risk of errors, and staying compliant – you’ll be whizzing along in no time.
People and companies trade across borders millions of times a day. Almost every business has the potential to buy goods and services in different currencies and can, by the same token, sell almost anywhere in the world. So how do you deal with exchange rates in your bookkeeping, and does it matter? The quick answer…
As the owner of a limited company – or any business for that matter—annual accounts and tax returns are unavoidable (sorry). Before you get to that point though, or rather, to even get to that point, you’ll need to master the art of great bookkeeping. If it all sounds a bit daunting, don’t worry. We…
Bookkeeping for sole traders and partnerships doesn’t have to be difficult, but there are things to be aware of before you start your business life. If you get the numbers wrong it can be embarrassing to say the least, but mistakes have even more significance than that. If you submit incorrect accounts to HMRC, don’t…
The financial records you keep for your business consist of income and expense accounts which show how much money comes in and goes out. The way you record transactions in these accounts and how you report them on your tax return depends on whether you use cash basis or traditional accounting. In this article we’ll…
Two words in succession that are enough to send shivers down the spine of any business owner or accounts department are ‘month end’. The hectic time of the month where books need closing, and all accounts need tying up – and it always comes around so blinkin’ quickly. When it comes to executing the process…
