Bookkeeping

Bookkeeping advice for self-employed small business owners

6 Ways Hiring a Bookkeeper Could Boost Your Profits

Hiring a bookkeeper can feel like an expensive decision as well as additional overhead you may not want to commit to.  But hiring a...

What Does a Bookkeeper Do?

A bookkeeper is responsible for maintaining the books of a business. They process all the financial paperwork that a business receives such as sales...

What is Bookkeeping?

Bookkeeping refers to the processing & recording of day to day financial transactions of a business.  These financial transactions are taken from information such...

VAT Second Hand Margin Scheme: Record Keeping & Bookkeeping

If you choose to use the VAT Margin Scheme then you are required by law to keep certain accounting records and HMRC will check...

Do I Need to Keep Paper Copies of Invoices?

No, not anymore! HMRC have finally accepted that digital copies of invoices, receipts and your business records are acceptable. There are some great apps and...

Keeping Business Records When You’re VAT Registered

HMRC sets out special rules that you need to follow for keeping business records when you're VAT registered. These...

Accounting Entries for Invoice Discounting

When a business enters into an invoice discounting arrangement there are several accounting entries to make in the Company Books to reflect not just...

How to Organise Your Business Receipts

Keeping your paperwork in order is an unavoidable part of being self employed. But with a few simple tips and a bit of technology,...

10 Time Saving Xero Tricks

Xero has become one of the mosts popular cloud accounting and bookkeeping softwares used by self employed individuals today. So if you are getting...

What is a Bank Reconciliation?

Up to date bookkeeping can add a tremendous amount of value to your small business.  At any point in time you can gauge your...

Latest

How to Start a Home-Based Catering Business

Love cooking? Ready to turn your hobby in a serious business? Here's how you get started on the road to being a self-employed catering business owner.