Blog

18 January 2022

What is a trial balance report?

Your trial balance report can be a useful tool to help you find errors in your accounting. Find out everything about trial balance reports, from what they are to how to read one. What is a trial balance report? The trial balance gives the closing… Read more

11 January 2022

What's the difference between amortisation and depreciation?

It’s important to know the difference between amortisation and depreciation when you’re managing assets. Find out what you need to know about assets and how to manage them in your accounting. First, what are assets? An asset is something that you… Read more

13 December 2021

How to do an invoice

Getting paid is critical for the livelihood of your business. You need your customers to pay on time and be aware of the terms and conditions attached to the transaction. So, sending out complete invoices with a professional look is important! Get… Read more

7 December 2021

How to pay yourself as a limited company director

When you run a limited company it’s up to you how you pay yourself. You have a few options, and there are different advantages and benefits all of them: Taking a regular salary Paying yourself in dividends A combination of salary and dividends This… Read more

1 December 2021

Introducing Bokio price plans

Bokio is taking a giant step to becoming an even greater service with our introduction of price plans! There will be three different tiers of price plans; Free, Balance and Business. The Business plan will grant you the most automation and offer… Read more

22 November 2021

Accounting tips for self employed tutors

If you’re a self employed tutor getting to grips with accounting then this guide will help you get started. Use accounting software Accounting software is a great way to manage your finances. Instead of manual accounting which can be time consuming… Read more

18 November 2021

What is a general ledger?

When you’re doing your accounting there are lots of reports you can use to understand your finances. Find out all about the general ledger and how it helps you do your accounting. What is a general ledger? The ledger contains business transactions… Read more

10 November 2021

Accounting tips for online influencers

Accounting doesn’t have to be difficult! We show you how to keep it simple so you can get back to creating what you love. Use accounting software Accounting software is a simple way to make sure you manage your finances the right way and stay… Read more

3 November 2021

What is a directors loan?

Did you know that you can take money out of your business as a limited company owner? What is a director’s loan? A director’s loan is money taken from the company that isn’t classed as salary, dividends or another type of expense. As any money made… Read more

1 November 2021

Self Assessment checklist – make sure you're prepared

Submitting your Self Assessment tax return doesn’t have to be stressful! Here’s a helpful checklist to make sure you’re ready to submit yours before the deadline. What’s the Self Assessment tax return deadline? If you didn’t send an online tax… Read more

26 October 2021

Accounting for shop owners

When you run a shop you have a lot to think about, so you need to make doing your accounts simple. We take you through what you need to know to get started. Record your daily takings The first step towards doing your accounting is recording your… Read more

22 October 2021

What you need to know about year end accounts

Want to know more about year end accounts for limited companies? We take you through what you need to know. What are year end accounts? Year end accounts are also known as annual accounts or statutory accounts. They are a summary of your business… Read more

20 October 2021

Accounting tips for freelance creatives

If you’re starting work as a freelance creative but aren’t sure about doing your accounting then you’re in the right place. Find out what you need to know, from registering with HMRC to day-to-day accounting tasks. Make sure you’re registered with… Read more

13 October 2021

How to change from a sole trader to limited company

If you’re thinking about making the change from being a sole trader to a limited company, here’s what you need to know. Difference between sole trader and limited company A sole trader is a person who runs their own business, and can keep the… Read more