Accounting

12 April 2021

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

8 April 2021

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

29 March 2021

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

24 March 2021

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

22 March 2021

How to organise your business finances with reporting

Having your business finances organised is important when keeping track of payments, making projections and managing your company. Separate your accounts Keeping your business and personal accounts separate will help you track your company expenses… Read more

17 March 2021

Guide to keeping accounting records

Record keeping is an important part of accounting! There are different kinds of records you need to keep depending on whether you’re a director of a limited company or a sole trader. Find out which records you need to keep depending on your… Read more

10 March 2021

How to prepare for the end of the tax year

The end of the tax year is almost here! Follow this step-by-step guide to help you prepare. Make sure you’ve submitted your Self Assessment tax return Self Assessment tax returns were due 31 January 2021. So, make sure you’ve submitted yours. If you… Read more

8 March 2021

Is now the time to switch software?

End of the tax year is the perfect time to switch accounting software! In this guide we take you through why it’s a great idea and how to make the change. Why switch accounting software? Switching accounting software can have a lot of benefits for… Read more

24 February 2021

How to get the most out of Bokio

Want to take control of your finances and make doing your accounting easier? Here are some quick tips to help you get the most out of using Bokio free accounting software. Set up bank feeds Never miss a transaction by setting up your bank feed! Our… Read more

22 February 2021

Guide to Corporation Tax

If you run a limited company, you need to know about Corporation Tax. We take you through when you need to pay and how to do it step by step. When do I need to pay Corporation Tax? If your business is a limited company, then you will need to pay… Read more

9 February 2021

What are supplier invoices and how do they work in accounting?

If you’re new to accounting and unsure about supplier invoices you’re in the right place! Here’s what you need to know to make sure your accounting is correct. What is a supplier invoice? Supplier invoices are issued by sellers, or ‘suppliers’ for… Read more

22 January 2021

How to do your bookkeeping quickly

If you want to do your bookkeeping quickly and easily, using online accounting software is a great solution. Here’s why: Import transactions with bank feeds Bank feeds are when you connect your bank account to your bookkeeping software, and your… Read more

12 January 2021

What is turnover in accounting?

If you’re confused about turnover you’re in the right place! We’ll take you through what turnover means, the difference between turnover and profit, and why it’s important for your business. What is turnover? Turnover is the total of your revenue.… Read more

4 January 2021

What are fixed assets? How to record them in accounting

If you’re purchasing assets for your business, it’s a great idea to know the different kinds of fixed assets you can have, and how to record them correctly in your accounting. What are fixed assets? An asset is something that you own in your… Read more