Accounting

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

6 September 2021

How cloud accounting software can increase productivity

Cloud accounting software can help you boost your productivity! Here’s how. Collaboration becomes simple Whether you want to collaborate with your accountant, colleagues or company partners, cloud accounting software makes it easy. When you work… Read more

30 August 2021

Accounting software for consultants

If you work as a consultant on a self employed basis or run your own business, you need to take care of your accounting. Using software is a simple way to make sure your accounting is correct. There are lots of helpful features to look out for to… Read more

23 August 2021

What is equity in accounting?

The term equity gets used a lot in accounting. We take you through what it means for your business and how you can measure it. What is equity? Equity tells you which assets proportion of assets aren’t funded by debts and liabilities. This covers all… Read more

9 August 2021

What is profit and how do I measure it?

Confused about profit and what it means for your business? Find out what you need to know, from why profit is important to how you can measure it. What is profit? Profit is the money you make in your business that is more than expenses, taxes and… Read more

12 July 2021

What are fixed costs and how to manage them

When you run a business you will have certain fixed costs that occur on a regular basis. Find out what they are and how to manage them in this guide. What are fixed costs? Fixed costs are regular, recurring costs which you need to pay to run your… Read more

14 June 2021

Benefits of accounting software for freelancers

Being a freelancer means you get to work with your passion every day. While you have a lot of responsibilities, getting your accounting done doesn’t have to be a difficult task. Whether you work with an accountant or do your accounting on your own,… Read more

9 June 2021

How accounting can help your business

As a small business owner, doing your accounting can seem like one extra job to deal with. But, beyond compliance, there are a lot of benefits to your business when you do your accounting regularly. Understand your performance Doing your accounting… Read more

2 June 2021

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

24 May 2021

How to improve the financial health of your business

Now you've measured the financial health of your business, you might need to make some improvements. Here are some tips to help you improve the financial health of your business. Which areas need improvement? Once you measure the financial health of… Read more

19 May 2021

All about accounts payable and accounts receivable

Grow your knowledge of accounting by learning about accounts payable and accounts receivable. What are accounts payable? Accounts payable is also known as your purchase ledger. It is a register containing information on which invoices have arrived… Read more

10 May 2021

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