Accounting helps small business owners to gauge what happens inside their business so they can make better financial decisions and helps to keep their records in order to meet legal requirements. In this section, you’ll find all the essential accounting guides for Limited Company Directors and the self-employed about accounting, keeping records and reporting requirements.
Popular Accounting Guides:
Confused by the concept of fixed assets in accounting? Then read on! In this guide, you’ll understand what a fixed asset is, how they are classified and appear on the balance sheet along with examples of fixed assets.
The Profit & Loss account is a statement which shows the profit or loss of the business. It also includes a financial summary of how this has occurred. It usually tracks one year of performance but will include last years figures for a comparison to be drawn. The significance of a profit & loss account for freelancers, … Read more
Looking to learn more about amortisation? Read on to find out the definition of amortisation in accounting, examples of how you calculate it and which types of assets are amortised.
If you have an accountant already or you are searching for an accountant for the first time, this may help you understand why you may have received what feels like some eye watering quotes.