All bookkeeping and software guides
Why Good Bookkeeping Matters for Micro-Entities
Bookkeeping is the day-to-day record of your income and spending. Done regularly it makes your accounts faster and cheaper, protects you from penalties and shows you where your money is going.
Bookkeeping and softwareHow Often Should You Update and Reconcile Your Books
Update your books weekly if you can, and reconcile your bank accounts at least monthly. Little and often takes less time than a year-end clear-up.
Bookkeeping and softwareHow to Keep Accurate Business Records (Paper vs Digital)
UK companies must keep accounting records for at least six years. Digital records are easier to store, search and share, and they are required for VAT under Making Tax Digital.
Bookkeeping and softwareBest Accounting Software for Micro-Entities and Small Companies
The best accounting software is the one that is MTD compatible, connects to your bank, files accounts at Companies House or works smoothly with your accountant. Xero, QuickBooks, FreeAgent and Sage are the usual choices.
Bookkeeping and softwareHow Micro-Entities Can Avoid Cash Flow Problems
Cash flow problems happen when money goes out before it comes in. Faster invoicing, a rolling forecast, tax reserves and chasing late payers fix most of them.
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