Double-Entry Bookkeeping Explained

double-entry bookkeeping

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

What is a Balance Sheet?

what is a balance sheet?

A balance sheet is one of the 3 basic financial statements of a business. It summarises key information about a business and in some case, it is a legal requirement to prepare one. Here’s everything you need to know about UK balances sheets, how to make one and a template to help you.