Bookkeeping

How to Choose the Right Bookkeeping Service for Your Company

How To Choose The Right Bookkeeping Service For Your Company

Choosing the right bookkeeping service is crucial for the financial health and success of your small business. In the UK, small business owners often find themselves overwhelmed with the myriad of options available. Here’s a comprehensive guide to help you make an informed decision that suits your specific needs. Assess Your Bookkeeping Needs Before you […]

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file your accounts

Don’t Forget To File Your Accounts Early

Companies House has issued a crucial update directed at companies required to file their accounts by the close of September 2023, typically associated with financial periods ending on December 31, 2022. In their communication, they stress that the obligation to furnish annual accounts extends to all limited companies, irrespective of their trading status, including dormant

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bookkeeping for freelancers

Bookkeeping For Freelancers: Tips and Best Practices

As a freelancer, managing your finances and bookkeeping effectively is essential for the success of your business. Proper bookkeeping ensures that you stay organised, meet your tax obligations, and have a clear understanding of your financial position.  We will provide freelancers with valuable tips and best practices for efficient bookkeeping. Separate Business and Personal Finances 

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technology

How Technology Is Transforming Bookkeeping

Bookkeeping is a fundamental aspect of running a successful business, ensuring accurate financial records and enabling informed decision-making. With advancements in technology, traditional bookkeeping practices are being revolutionised. We will explore how technology is transforming bookkeeping, streamlining processes, enhancing accuracy, and providing businesses with valuable insights. Automated Data Entry  One of the significant transformations brought

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bookkeeping for entrepreneurs

Bookkeeping For Entrepreneurs: Managing Finances For Business Growth

As an entrepreneur, you wear multiple hats and juggle various responsibilities to ensure the success and growth of your business. One crucial aspect that often gets overlooked is bookkeeping. Effective bookkeeping practices not only help you maintain accurate financial records but also provide valuable insights into the financial health of your business.  We will explore

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the role of bookkeeping

The Role Of Bookkeeping In Financial Decision-Making

Bookkeeping serves as the foundation for sound financial management within any organisation. It involves the systematic recording, organising, and tracking of financial transactions. While often seen as a mundane task, bookkeeping plays a crucial role in providing accurate and up-to-date financial information, which forms the basis for informed decision-making.  Accurate Financial Records Bookkeeping ensures that

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CBW blog - five bookkeeping mistakes

5 Common Bookkeeping Mistakes and How to Avoid Them

Bookkeeping is an essential part of managing a business, but it can be challenging to get right. Even experienced business owners and bookkeepers can make mistakes that can have serious consequences, such as incorrect financial statements, tax liabilities, and cash flow issues. Today, we will discuss five common bookkeeping mistakes and how to avoid them.

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business bookkeeping basics

Business Bookkeeping Basics

Business bookkeeping is the process of keeping track of a company’s financial transactions, including income and expenses. Effective bookkeeping is crucial for small businesses, as it helps owners make informed financial decisions and stay compliant with tax regulations. Today, we will discuss the basics of business bookkeeping, including key terms and best practices. Types of

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