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How do limited companies manage their bookkeeping?

Bookkeeping is the process of recording your business transactions, including any income, expenses, and loans. If you operate your business as a limited company, having up-to-date bookkeeping records will help you make sure the business stays in great financial shape.

Maintaining accurate bookkeeping records is essential, because this information is used to prepare your Company Tax Return. This is submitted to HMRC so they know how much Corporation Tax your company owes. You’ll also rely on your bookkeeping records to prepare company accounts, which are submitted to Companies House.

Good bookkeeping also helps you keep track of your profit and cash flow, helping you to make better, more informed business decisions.

What bookkeeping records should a limited company keep?

Limited companies are required to keep double entry bookkeeping records. This basically means that all transactions are recorded with their opposite entry, which we explain in the guide!

HMRC are rolling out a new tax system called Making Tax Digital, which requires businesses to keep digital bookkeeping records. The new rules are coming into force in stages, but getting a head start on the keeping your records digitally can’t hurt!

Learn more about our online accounting and bookkeeping services for limited companies.

Confirm Transactions

The number of monthly transactions you have entered based on your turnover seem high. A transaction is one bookkeeping entry such as a sale, purchase, payment or receipt. Are you sure this is correct?

Yes, submit my quote
No, let me change it

Please contact our sales team if you’re unsure

VAT Returns

It is unlikely you will need this service, unless you are voluntarily registered for VAT.

Are you sure this is correct?

Yes, the business is VAT registered
No, let me change it

Call us on 020 3355 4047 if you’re not sure.


You will receive our bookkeeping software Pandle for free, as part of your package.

You can use this to complete your own bookkeeping, or we can provide a quote to complete your bookkeeping for you.

Please select and option below:

I will do my own bookkeeping
I want you to do my bookkeeping

Call us on 020 3355 4047 if you’re not sure.