Artificial Intelligence (AI) is becoming more common in bookkeeping and accounting software. Many businesses now use AI-powered tools to help with tasks like data entry, bank reconciliation, and invoice processing. While AI can be very helpful, it’s not perfect and...
How do you accept payment from your customers? Being able to accept a variety of methods of payments can be the difference of a sale or a walk-out for your business. In today’s fast-paced retail environment, it is essential to meet and exceed your customers'...
Running a business comes with a lot of responsibilities — and bookkeeping is often one of the most time consuming and stressful tasks. For many small to medium sized businesses, outsourcing your bookkeeping can save you time, money and unnecessary stress. Here’s why...
Should you be doing your own bookkeeping? Let’s be honest… There are pros and cons to handling your own books. Sure, doing it yourself might save you some money, but here’s the truth: Is it really worth it? If bookkeeping starts eating into the time you should...
When should I do my Tax Return? Firstly let’s see if you need to submit a Tax Return. If you are self employed as a sole trader or if you are a partner in a business partnership and have earned more than £1000 before any expenses have been taken into consideration,...
Sole Traders – How to get started! The construction industry is an ever evolving sector with ample opportunities for individuals looking to launch their own businesses. Trades in this field cover a wide range of specialties, including plumbing, electrical work,...
Chancellor Rachel Reeves has delivered Labour’s first Budget since 2010, after the party’s return to power in July’s general election. This latest Budget introduces a series of changes that will have a substantial impact on small businesses. Here’s a look at some of...
Essential bookkeeping tips for small businesses As a small business owner in the UK, managing your finances effectively is essential to your success. While you may be passionate about your products or services, keeping your financial records in order can often feel...
The Bookkeeping Process A Bookkeeper is responsible for recording and maintaining a business’ financial transactions, such as purchases, expenses, and sales revenue. They will record financial data into general ledgers, which are used to produce the balance sheet and...