Tips On How To Keep Accounting Records For Business Owners

If you are an entrepreneur, self-employed or work from your home you know that keeping accounting records can be a daunting task. This is especially so if you are one of those that generally put it off until the end of the year. In this article, we provide suggestions on how to keep accounting records […]

Continue reading

Top 6 Accounting Software for Small Business In UK

Why should a UK small business acquire an accounting software for small business? Earnings are the first thing that a small business needs in order to survive. Small business accounting software provides a special view into the earnings performance, therefore enabling a small business owner to make fast choices concerning prices, marketing, products, wages and […]

Continue reading

What Is A Confirmation Statement For A Company

Every year a UK registered Limited Company need to make sure that the details that Companies House holds on the company are correct. Once you’ve checked them you have to let Companies House know and you do this by sending them a confirmation statement. Companies House will remind the directors / owners of a Limited […]

Continue reading

Bank Reconciliation – A Quick Overview

Why is bank reconciliation necessary? Every business in the modern world uses a bank account to receive the majority of their income as well as pay a large part of their business expenses through the bank. Bank reconciliation is a vital part of an accounting system, because it reconciles and explains any differences between the […]

Continue reading

VAT Cash Accounting Scheme

What is the VAT cash accounting scheme? In simple terms Cash Accounting for VAT permits eligible businesses to pay VAT only after a buyer has paid for the services or goods which they have supplied, compared to standard Value added tax accounting where companies have to pay Value added tax in the period that a […]

Continue reading