5 top tips for doing your own bookkeeping

5 top tips for doing your own bookkeeping

Here are 5 top tips for doing your own bookkeeping, doing your own bookwork can seem a daunting task when you are starting a business. However, good bookkeeping is crucial to the day-to-day running of a business. Here are five top tips to help get you started. Start...
Sole Trader, Partnership or Limited Company?

Sole Trader, Partnership or Limited Company?

So you’ve decided you want to be your own boss and work for yourself. Now what? Are you going to be a Sole Trader, Partnership or Limited Company? One of the first decisions to make is how you are going to trade. You can be a sole trader, form a partnership with...
Accounting Terms Explained

Accounting Terms Explained

Accounting Terms Explained – as accountants, we are often guilty of using a lot of terminologies which makes very little sense to a lot of people. Many clients have expressed a need for a simple guide to accounting terminology so hopefully this will help....
What is a profit and loss account?

What is a profit and loss account?

Ok, your accountant has just sent you your profit and loss for the year, but what is a profit and loss account and what do the figures actually mean? Simply put, a profit and loss account statement details how much money your business has made or lost over a period of...