Bookkeeping Blog

How to Budget your Money

HOW TO BUDGET YOUR MONEY Do you need to know how to budget your money in these changing times? With the Coronavirus outbreak, many of us will have a significant change in both income and expenditure. For some, the biggest worry is can you afford to live during these changes? We have developed a budget Read More

Bookkeeping Books

Top 5 Bookkeeping Books Are looking for bookkeeping books to assist your small business accounts? Take a look at our top 5 books. I keep a selection of books to help in research for articles, guides for clients and continuing professional development. There is lots of information on the internet about accounting and bookkeeping, but Read More

Bookkeeping Tips

Keeping good financial records is essential for the success of your business. The numbers in your bank account measure your business and here are some key bookkeeping tips that successful businesses practice regularly. By adopting good bookkeeping habits from the beginning will help ensure that mistakes are minimised and costly errors avoided. These bookkeeping tips Read More

Difference between Bookkeeping and Accounting

What is the difference between bookkeeping and accounting? All businesses will use both bookkeeping and accounting to produce financial reports. Depending on your time and ability will depend if you need to hire a bookkeeper or accountant. Bookkeeping is the process of recording the transactions of the business. It may include posting sales and purchase Read More

Top 5 Free Accounting Software

Are you looking for the best free accounting software in 2019? As a small business or just starting out, finding a free accounting package can be a good start with your bookkeeping. As your business grows, you may need to upgrade the software. Our guide will provide the best solutions for free accounting software. Each Read More

What is a Sole Trader

What is a sole trader? A sole trader definition is a person that sets up business on their own and do not work for another business. In the UK this is one of the most popular small business formations. A sole trader will also be self-employed and will need to register with HMRC. They can Read More

The Importance of Bookkeeping

Are you wondering what the importance of bookkeeping is? You may be an expert at running your business, getting new sales and dealing with suppliers. Some small businesses do not see the importance of bookkeeping and leave it all to the last minute. It is important to keep your bookkeeping up to date. There may Read More

Bookkeeping Tasks

There are many bookkeeping tasks to complete as either a bookkeeper or small business owner. Complete bookkeeping duties on either a daily, monthly, quarterly or annual basis depending on what they are. Getting into the routine of completing bookkeeping on a regular basis can save the time and heartache of having to rush it when Read More

Bookkeeping Templates for Self Employed

Are you looking for bookkeeping templates for self employed? Business Accounting Basics have several Excel Spreadsheets that can help to improve your bookkeeping procedures. All templates are free to download and easy to use. As a small business owner, it is easy to put your accounts to one side and concentrate on the sales and Read More