Accounting

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 accounting software. Set up bank feeds Never miss a transaction by setting up your bank feed! Our bank… 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

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

12 October 2020

When to hire an accountant

There’s lots of accounting you can do yourself, but sometimes you might need a little help. From daily bookkeeping to financial advice, we take you through what you can expect from working with an accountant. Help with day-to-day bookkeeping Your… Read more

15 September 2020

5 guides all about bookkeeping

If you’re a bookkeeping beginner we have lots of great guides to help! Here’s a quick rundown of our top 5 bookkeeping guides. 1. How to do bookkeeping Find out what you need to know about doing your bookkeeping for the first time, and some helpful… Read more

31 August 2020

What is liquidity and why is it important?

Liquidity is a common term used when discussing how healthy your business finances are. But what is liquidity, why is it so important for your business, and how will your cash flow affect it? What does liquidity mean? Liquidity is how much you could… Read more

28 August 2020

Tips for bookkeeping transactions

Doing your bookkeeping means recording transactions, which can become time consuming when you’re busy running your business. But, there are lots of ways you can make doing your bookkeeping quick and easy. Never miss a transaction with bank feeds If… Read more

26 August 2020

How to budget and forecast

Budgeting and forecasting are important tools to guide your business finances. But what’s the difference, and how do you get started? What’s the difference between budgeting and forecasting? Budgeting and forecasting often are used together, but… Read more

24 August 2020

What is a bank reconciliation? And how to do one

Bank reconciliations are recommended to make sure all your accounting is correct and that your records match your bank balance. But what is a bank reconciliation, and how do you do one? In this comprehensive guide, you’ll find everything you need to… Read more

21 August 2020

Benefits of cloud accounting if you're in the trades

When you’re on the go working you need a flexible solution to doing your accounting. Cloud accounting software has lots of great features that make it the perfect option when you work in the trades. Work from anywhere The biggest advantage of cloud… Read more