What is a journal in accounting?

What is a journal in accounting?

If you’re new to accounting and wondering what a journal is then you’re in the right place. Here’s what you need to know. What is a journal? Your journal in accounting is a record of all of your transactions in chronological order. Your journal… Read more
What is balancing in accounting?

What is balancing in accounting?

If you’ve heard about ‘balancing the books’ but don’t know where to start, here’s what you need to know. What is balancing in accounting? Balancing in accounting comes from ‘balancing the books’. If you’re using an accounting software like Bokio,… Read more
Bookkeeping mistakes to avoid

7 bookkeeping mistakes to avoid

If you’re new to doing your bookkeeping it’s easy to make mistakes. Here’s what you need to know to make sure your bookkeeping is correct. 1. Recording duplicate transactions When you record duplicate transactions your accounts won’t be correct! If… Read more
How to start the new tax year

How to start the new tax year

The start of a new tax year is a chance to prepare for the year ahead and get your accounts in order. Here are some tasks you can do to help make the next tax year go smoothly. Prepare for Self Assessment Although the Self Assessment deadline for… Read more
How to track business expenses

How to track business expenses

There are lots of benefits to tracking your expenses, like knowing where your money is going and preparing for your tax return. Here’s a step by step guide to help you get started. Manage expenses online The best way to keep track of your business… Read more