When you start a business, whether it’s on your own as a freelancer, with someone else in a partnership, or as a limited company, you’ll need decent bookkeeping processes in place to keep the cogs turning. But where do you start if you aren’t entirely sure what bookkeeping is, or how it works? We’ll guide…
Bookkeeping is absolutely essential in a business, but typing in the details of all your transactions can also be very time-consuming. Using bank feeds can help business owners automate some of the bookkeeping process, helping to save both time and resources as well as reducing the risk of data-entry errors. So how can your business…
If you’re on the lookout for easy-to-use, powerful bookkeeping software, which doesn’t cost a fortune, Pandle has probably popped up on your radar more than once. It meant that when Bokio announced they were removing their totally free accounting software option, we started to hear from more and more people desperate to find a more…
Every time you purchase an asset, you’re investing in the future of your business, but the value of equipment and assets tends to reduce over time – a process known as depreciation. It’s important you calculate and track this depreciation accurately. There are many benefits to this, a major one being that it will help…
Recording transactions accurately is the foundation of good bookkeeping, minimising the risk of skewing your figures and messing up your tax returns. This is why it’s important to know exactly what counts as a transaction and where it should be recorded. We’ll explore what counts as a transaction, along with a few examples. What is…
