Bookkeeping

Bookkeeping tips and advice from accountants

6 Ways Hiring a Bookkeeper Could Boost Your Profits

6 Ways Hiring a Bookkeeper Could Boost Your Profits

Hiring a bookkeeper can feel like an expensive decision as well as additional overhead you may not want to commit to.  But hiring a...
What is Bookkeeping

What is Bookkeeping?

Bookkeeping refers to the processing & recording of day to day financial transactions of a business.  These financial transactions are taken from information such...
Accounting Entries for Invoice Discounting

Accounting Entries for Invoice Discounting

When a business enters into an invoice discounting arrangement there are several accounting entries to make in the Company Books to reflect not just...
What is a bank reconciliation

What is a Bank Reconciliation?

Up to date bookkeeping can add a tremendous amount of value to your small business.  At any point in time you can gauge your...
Do I Need a Business Account

Do I Need a Business Account?

HMRC advice is that it is preferred for you to open up a business bank account if you are a sole trader, although this...
Keep business and personal money separate

3 Ways to Separate Your Personal and Business Finances

If you are self employed, keeping your business and personal finances could help add clarity to your finances, as well as save money when...
How much does it cost to hire a bookkeeper?

How Much Does it Cost to Hire a Bookkeeper?

Small business owners and start ups often wonder how much it costs to hire a bookkeeper, especially when they are bogged down in paperwork, VAT...
5 Reasons to Keep Your Business and Personal Bank Accounts Separate

5 Reasons to Keep Your Business and Personal Bank Accounts Seperate

If you are self employed and operate your business through your personal bank account, you may have experienced some confusion in remember what was...

Disclaimer

The information contained in this website is for guidance and information purposes only. It should not be relied upon as professional accounting, tax and legal advice.  For specific advice relevant to your own situation, always contact a professional.

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