Bookkeeping tips and advice for UK self-employed, freelancers and sole traders
An easy to use bookkeeping spreadsheet that shows you how much profit you are making, the tax you need to pay and generates the numbers you’ll need to complete your self-assessment tax return.
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
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.
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.
Bookkeeping isn’t the most exciting of jobs when it comes to being a small business owner/self-employed. But it’s essential. In this guide I’ll show you how to set up a simple bookkeeping system and how to stay on top of it.
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
Here’s the latest tips and tricks to make working with Quickbooks Online easier and quicker from the Accounting Experts at Fully Accountable.
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
Successful entrepreneurs have basic accounting knowledge. Numbers are at the heart of a business so having an understanding is essential to make decisions.