Becoming a sole trader is exciting, but before you start it’s important to understand what being one actually means, as well as…

Keeping accurate financial records (known as bookkeeping) is hugely important when running a business – after all, those are the numbers that…

Bookkeeping is an essential part of managing a business’s financial health, but it might seem confusing at first. Our guide explains the…

Your turnover is the total amount your business recorded or invoiced as a sale during a specific period of time, minus any…

Keeping your accounts up-to-date and accurate is essential for every business, but it can also be quite time consuming. From dealing with…

Accruals are amounts of money a business expects to receive or spend, which haven’t been paid yet. This method is sometimes referred…