Business Accounting Basics
The Business Accounting Basics website is a source of free accounting advice, tips, and Excel Templates. All the information is available for students, businesses and personal use. We explain everything as simple as possible, provide examples and instructions for the templates.
If you are starting a new business, we can guide you through the process; from setting up your business, choosing a name to producing accounting reports for your year-end. There are many bookkeeping tasks which you may be unfamiliar with, and we discuss how to complete tasks including sales, purchases, assets, depreciation, forecasting and producing reports.
Below are some quick links to the most popular articles, templates and software.
Free Excel Bookkeeping Templates
We have produced some Free Excel bookkeeping templates and that you can use for business or personal; these can all be found in the excel accounting templates section. It includes cash book, budgeting, petty cash, sales receipts, depreciation, stock record card, bank reconciliation and more.
Bookkeeping forms can also play an important part of running your business, our forms include general ledger journal and a new client form.
Our accounting basics section will guide you through the different reports that make up the accounts for your business.
We look at the balance sheet, profit & loss, and forecasting and give a simple explanation on how to understand and produce your financial reports.
There are free templates to download so you can produce your reports.
Bookkeeping Basics includes tips on how to complete bookkeeping and why it is so important to your company.
Bookkeeping is entering the information which is used to produce the accounts.
The section includes fixed assets, depreciation, bank reconciliation, stock control, purchase invoices, sales invoices and credit control.
There are so many aspects of running a small business; from setting it up, to running it each day and knowing where to get help.
We have years of experience in accounts and running our successful businesses.
Careful planning and implementation have helped our businesses become successful.
Are you thinking of starting a bookkeeping business, but don’t know where to look? We have created a guide including tips and advice on how to win clients and set up your new business.
Running your bookkeeping service often means you can work hours to suit and work from home. There are also many other advantages and disadvantages of starting your own bookkeeping business, so it is worth looking into fully first.
Beginner Bookkeeping – Business Accounting Basics
If you are a beginner in bookkeeping then it can seem very daunting to get started and know where to go for help.
Our simple guide explains the difference between single and double entry and how often you need to complete your accounts.
Business Accounting Software
When looking at accounting software, there are so many different options that it can be difficult to choose the right version for your needs. We have reviewed some of the most popular accounting packages to help you decide which is best for you.
There are some good free accounting software packages available. Although they do not have all the features of a full package, for a small business they are ideal.
Accounting terms and definitions
There are many accounting terms and definitions that you may not have heard of or not know their meaning. We have therefore compiled a list to help.
If you are looking for bookkeeping in Coventry, contact us, we have years of experience in both running a business and bookkeeping. We can help set up accounting software using Xero or Quickbooks for you to run you own system. Or if you prefer we can complete all your accounts right up to trial balance and year-end report.
The Business Accounting Basics website has been created using the experience and knowledge gained from working in accounts, running our own business and helping to complete bookkeeping for others. Angela Boxwell is AAT qualified and a member in practice.