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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 invoices, purchase invoices, bank statements and expenses, recording these transactions into either an accounting software or bookkeeping spreadsheet. Once recorded it is the bookkeepers responsibility to filing all paperwork & documentation … Read more

VAT Margin Scheme Invoice Example & Record-Keeping

vat margin scheme invoice example

When you use the VAT Margin Scheme, you’ll need to keep certain records and include some extra information on invoices. Don’t forget, you’ll need to stick to the rules of the standard VAT scheme as well as the margin scheme. What is Record Keeping? Record-keeping is the process of logging, storing and recording individual transactions … Read more

10 Time Saving Xero Tricks

10-time-saving-xero-tips

Xero has become one of the mosts popular cloud accounting and bookkeeping softwares used by self employed individuals today. So if you are getting started with Xero or wondering what benefits it could bring you, here are 10 tips all the accountants know about and are probably using themselves. 1. Email Your Invoices Direct to … Read more