May 2019

21 May 2019

Quick guide to invoicing

If you’ve just started working as a sole trader or small business owner, you might have a few questions about how invoicing works. You’ve provided a service to your customer and now you need to get paid. But how do you make an invoice and what do… Read more

16 May 2019

What does it mean? Accounting terms explained

What are debit and credit? What’s the difference between accounts payable and accounts receivable?When it comes to bookkeeping there’s lots of new terminology to learn, and as you get started you might have some questions. From assets to… Read more

14 May 2019

What is a chart of accounts and how does it work in accounting?

Why are there so many different bookkeeping accounts and what are they telling us? How do you keep track of all the different numbers? You can get your answers here. The chart of accounts is actually more structured than you might think! You can get… Read more

8 May 2019

How to manage and improve your cash flow

Managing your cash flow is important to sole traders to be sure you can pay all your expenses. Cash flow is the amount of cash and other assets moving in and out of a business, which affects the liquidity of a business. Liquidity is cash and other… Read more

6 May 2019

Forget accounting with spreadsheets. Try Bokio!

Spreadsheets have become a common way of managing your finances for free. But is it the best way to be managing such important information?When you start your own business, keeping costs low is especially important. Sometimes hiring an accountant… Read more