Accounting

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

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

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

12 October 2021

How to keep self-employed accounts

If you’re unsure about which accounts you need to keep as a self-employed person, don’t worry. We explain which records you need and how to keep them. What accounting records do I need to keep? When you’re self-employed, you’re required to keep… Read more

4 October 2021

How to use bank feeds for the first time

If you have a lot of transactions to record it can be difficult to keep track of them. Accounting software with bank feeds is a great solution. What are bank feeds? Bank feeds connect your bank account safely to an accounting software, and… Read more

27 September 2021

Accounting for landlords

When you’re a landlord and rent out one or more properties, you need to tell HMRC about your income. The best way of keeping track of your income and expenses for your tax return is by doing your accounting regularly. We take you through what you… Read more

20 September 2021

How to find the right accountant for your business

Finding the right accountant to work with can make a big difference to how you manage your business finances. We take you through what to consider when making your choice, and how you can work together to do your accounting. Know what you need help… Read more

8 September 2021

All about your balance sheet report

Your balance sheet report is a useful tool to help you understand your business. Here’s what you need to know about your balance sheet and how to read it. What is a balance sheet report? The balance sheet shows the company’s financial position at a… Read more