Moving With The Times

The earliest known existence of the classic 'double entry' bookkeeping system can be dated back to 1211 in Florence, Italy. First published in Luca Paciolo's book "Summa" in 1495, it is a system that has been used, and will, indeed, be used for many years to come. However, things have a come a long way … Continue reading Moving With The Times

Keeping Accounting Records

One of the requirements for all businesses is that appropriate accounting records are kept for at least six years from the end of the accounting period in case of an inspection request from HMRC. Dependent upon the number of business transactions, there are various methods for keeping these records. For very small businesses, manual records, … Continue reading Keeping Accounting Records