bookkeeping

9 Easy 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…

Accounting | bookkeeping

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…

bookkeeping

What is the difference between Gross and Net Income?

What is the difference between Gross and Net Income? Both figures appear on the profit and loss account. Below we look at the breakdown of the profit and loss account or income statement and explain each section. What is Turnover? Turnover is the gross income of the business. It can include income from products and…

Bookkeeping Templates for Self Employed
bookkeeping

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 producing…

bookkeeping

Online Banking Making Business Accounting Easier

Online banking making business accounting easier. With so many people now choosing to bank online and being able to see their banks statements each day, this can make business accounting much easier. When running your own business you get caught up in the day to day running of your business, trying to sell your products…