Bookkeeping Tips for Small Businesses

If you own your own business or are considering such a move, keeping accurate records not only benefits you for tax compliance, but it could also benefit your business. Keeping accurate records may: Reduce your accountancy fees make filling in your tax return more straightforward help you with budgeting and cashflow help your business grow … Continue reading Bookkeeping Tips for Small Businesses

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

The Benefits of Using Sage

Sage bookkeeping software is a highly useful tool for businesses where a traditional manual cashbook is insufficient. Once businesses grow past a certain size, writing each invoice into a cashbook or simply keeping a large pile of invoices ready for the end of the tax year becomes impractical. Sage allows the user to enter sales and … Continue reading The Benefits of Using Sage