Even if you use an automated accounting software double-entry bookkeeping is behind each and every transaction you enter. In the old days, double-entry bookkeeping was all done manually using a spreadsheet and, before that, paper and pen! Nowadays, thankfully, bookkeeping is much easier with most of the complicated recording handled for you through a computer … Read more
Imagine if you knew who owed you money, how much you needed to set aside for tax and which of your revenue streams you should be focussing on? A robust bookkeeping system will help you answer all those questions and more. Here’s a quick start guide for one of the most popular UK bookkeeping softwares.
Accounting can be a total minefield for small business owners, especially if this is their first time being fully exposed to all the different terminologies accounting garners. It’s quite intimidating to get your head around but it’s also crucial to running your business and getting it off the ground. To reduce the feeling of ‘accounting … Read more
Let’s be honest keeping your accounting records in order is boring! And trust us, you are not alone if you only get your accounting records organised when your accountant asks for them. To help, I’ve compiled a list of tips to make the mundane task that little bit easier and remain HMRC compliant. After all, … Read more
One of the toughest parts of running a your own business is resourcing and understanding exactly which type of person you need for the role you have to fill, especially if you are new in business or a start up. In my early years I did a lot of bookkeeping work and there were some … Read more