Blog Posts

Bookkeeping

Bookkeeping for Sole Traders

Bookkeeping for Sole Traders

Becoming a sole trader is exciting, but before you start it’s important to understand what being one actually means, as well...

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What is Bank Reconciliation?

What is Bank Reconciliation?

Bank reconciliation is the process of making sure the information in your accounting records matches the transactions in your bank account....

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Accounting for Not-For-Profits and Community Interest Companies

Accounting for Not-For-Profits and Community Interest Companies

Not-for-profit organisations might be set up with different goals to profit-making ones, but they’re still required to manage and report on...

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Cash Basis Accounting vs Traditional Accounting

Cash Basis Accounting vs Traditional Accounting

If you’re starting up your business, then there are plenty of decisions to make. One of these is whether to use...

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Accounting for Cash Payments in UK Businesses

Accounting for Cash Payments in UK Businesses

Card machines, Apple Pay, and bank transfers may be the norm these days, but cash is far from dead. This blog...

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What is Bookkeeping? The complete guide to keeping financial records for your business

What is Bookkeeping? The complete guide to keeping financial records for your business

Bookkeeping is an essential part of managing a business’s financial health, but it might seem confusing at first. Our guide explains...

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What are Accruals?

What are Accruals?

Accruals are amounts of money a business expects to receive or spend, which haven’t been paid yet. This method is sometimes...

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What’s the Difference Between a Bookkeeper and an Accountant?

What’s the Difference Between a Bookkeeper and an Accountant?

The terms bookkeeper and accountant are often used interchangeably, but they’re actually quite different despite the similarities of their roles. In...

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What is my Turnover?

What is my Turnover?

Your turnover is the total amount your business recorded or invoiced as a sale during a specific period of time, minus...

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Accounting for Gift Cards

Accounting for Gift Cards

Gift cards can be a tricky concept to get your head around. Whilst it means cash for your business, it’s not...

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Bookkeeping for Limited Companies

Bookkeeping for Limited Companies

Setting up a limited company can feel a bit overwhelming – but also exciting! One of the first things you’ll want...

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Understanding Accounting Terms: Opening and Closing Balances

Understanding Accounting Terms: Opening and Closing Balances

Business accounting is awash with all sorts of terminology, so our jargon-busting series of accounting FAQs explains common accountancy terms to...

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