Bookkeeping is critical in every business. Use our free online resources to find expert advice on keeping accurate and up-to-date financial records, so that you always have access to the information you need. With information and practical guides on speeding up everyday bookkeeping processes, minimising the risk of errors, and staying compliant – you’ll be whizzing along in no time.
As the owner of a limited company—or any business for that matter—annual accounts and tax returns are unavoidable (sorry). Before you get to that point though, or rather, to even get to that point, you’ll need to master the art of great bookkeeping. If it all sounds a bit daunting, don’t worry. We answer some…
Bookkeeping for sole traders and partnerships doesn’t have to be difficult, but there are things to be aware of before you start your business life. If you get the numbers wrong it can be embarrassing to say the least, but mistakes have even more significance than that. If you submit incorrect accounts to HMRC, don’t…
If you run a business or you’re just starting up, then you’ll need to decide whether to use traditional or cash accounting. Don’t panic, we’ll talk you through it. Bookkeeping records consist of income and expense accounts which show how much money comes into an organisation, and how much goes out. The way that you…
Two words in succession that are enough to send shivers down the spine of any business owner or accounts department are ‘month end’. The hectic time of the month where books need closing, and all accounts need tying up – and it always comes around so blinkin’ quickly. When it comes to executing the process…
As the director of a limited company you can use a director’s loan to borrow money from (or lend money to) the business. We explain what a director’s loan is, how it works, and how to account for this in your company’s bookkeeping. What are director’s loans? A director’s loan is when you, as a…
