What Is Bookkeeping? A Plain-English Guide for UK Small Businesses
If you’ve just started a business — or you’ve been trading for a while but never quite got your head around the finances — you’ve…
bookkeeping
Bookkeeping basics is important to grasp, there are many duties which as a business owner you need to know. We guide you through the process of bookkeeping.
-
-
Making Tax Digital for Income Tax (MTD ITSA) Explained
A Plain-English Guide for the Self-Employed and Landlords If you’re self-employed or a landlord, you may be wondering: Making Tax Digital for Income Tax (MTD…
-
How to Start bookkeeping for a small business
how To Start Bookkeeping for a small Business A beginner’s step-by-step guide to recording your income and expenses, staying organised, and keeping HMRC happy –…
-
How to Catch up on Bookkeeping
Falling behind on bookkeeping is extremely common for small business owners. When you’re busy serving customers, chasing payments, and running day-to-day operations, bookkeeping is often…
-
Excel vs Accounting Software: When Is It Time to Switch?
Excel is often the first tool used for small business accounting. It’s familiar, flexible, and widely available, making it an accessible option when records are…
-
Making Tax Digital for Sole Traders: Complete Guide for 2026 and Beyond
Key Takeaways If you’re a sole trader or landlord with rental income in the UK, major changes are coming to how you report your income…
-
Self-Employed Allowable Expenses
As a self-employed individual, paying the right amount of tax is your responsibility. But did you know you can lower your tax bill by claiming…
-
Bookkeeping from Home – A Beginner’s Guide (UK)
Have you ever considered working from home but weren’t sure where to begin? Bookkeeping from home may seem an exciting opportunity, and it is one…
-
New Client Form
Running a small business means juggling a multitude of tasks – clients, deadlines, emails, and paperwork. One of the simplest ways to stay organised and…
-
Accounts Payable vs Accounts Receivable: Key Differences Explained
Introduction to Accounts Payable and Accounts Receivable When managing a small business, understanding your cash flow is crucial, and that starts with knowing the difference…
-
A Guide for Streamlining Your Accounts Payable Process
Accounts payable (AP) is the money your business owes to suppliers and vendors for goods or services received but not yet paid for. Managing accounts…
-
Accounting Software vs Spreadsheets: Which is Best for Your Business?
Managing finances is essential for any business, but choosing the right tools can be tricky. Many rely on spreadsheets like Excel or Google Sheets, while…
-
What is the Difference Between Gross and Net Income?
As a small business owner, you’re constantly juggling numbers. Two of the most important are gross income and net income. While they might sound similar,…
-
How to Account for Payroll – Small Business Guide
Proper payroll accounting is essential for any business, ensuring it has accurate finance reporting, remains compliant with the latest tax regulations, and pays employees correctly….
-
Proof of Income for Self-Employed
Being a self-employed person in the UK offers fantastic freedoms but presents unique challenges when you need proof of income. Demonstrating your earnings is essential…
-
Working for Yourself: A Guide to Self-Employment Success
Are you considering working for yourself? This guide will walk you through the essentials of self-employment. This article covers everything from understanding what it means…
-
Bookkeeping Tasks for Small Business
Running a small business is exciting but also means juggling many responsibilities. Bookkeeping is one of them; let’s face it, it can seem scary! But…
-
10 Easy Bookkeeping Tips for Small Business Owners
Did you know that many small businesses fail within their first few years? While many factors contribute to this, poor bookkeeping is often a major…
-
Basic Excel Formulas Every Small Business Should Master
Microsoft Excel isn’t just for accountants and data analysts. Excel is a powerful tool for small business owners to track finances, manage inventory, analyse sales…
-
Understanding the Income Accounts: Your Guide to Tracking Revenue
While managing expenses is crucial for any business, understanding your income accounts is equally essential for growth and profitability. They provide a vital insight into…
-
Understanding The Expense Account
Running a small business requires more than just focusing on income generation. To ensure those sales translate into profit, you must have a firm grasp…
