Accounting

17 May 2022

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

4 May 2022

How to make the most of your Bokio free trial

Want to try out everything in Bokio for free before you commit? With Bokio accounting software you can get a 2 month free trial to get to know all our features. Here’s how you can make the most of your free trial. Try out invoicing To see how easy… Read more

28 April 2022

What is a break even analysis and how do I do one?

A break even analysis will show when a business becomes profitable. It’s the process of showing how much money you will need to make to at least cover your business expenses. ‘Break even’ describes the point where you aren’t making a loss, but you… Read more

21 March 2022

7 reasons to check your reports

Reports generated from your accounting are useful tools to help you understand your business. Find out why you should check your reports and what you can use them for. 1. Check your business performance The first reason to take a look at your… Read more

15 March 2022

How to track your business expenses

Tracking your expenses is easy when you use online accounting software. Here’s how to record your expenses, track them, and prepare for your Self Assessment tax return. Record them in your accounting software The easiest way to track your business… Read more

21 February 2022

What is an LLP?

If you want to start a business with another person or company, then you need to know about running an LLP, and how this is different from a normal partnership. What is an LLP? LLP stands for limited liability partnership. When you ‘incorporate’… Read more

2 February 2022

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

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