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Bookkeeping

Bookkeeping advice for self-employed small business owners

6 Ways Hiring a Bookkeeper Could Boost Your Profits

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?

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

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

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?

Do I Need to Keep Paper Copies of Invoices?

No, not anymore! HMRC has finally agreed that digital copies of invoices, receipts and your business records are...
Keeping Business Records When You're VAT Registered

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

The accounting entries for invoice discounting need to reflect the trade debtors position correctly but also the liability of the money loaned...
How to organise your business receipts

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-tips

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

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...
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