The essential intro to modern bookkeeping

Bookkeeping can be a time-consuming, complicated and sometimes tedious process for many a small business owner.

By 2020 most business will be required to update HMRC at least quarterly via their digital tax account as part of the Making Tax Digital reforms. Spreadsheets such as Excel will not be a compliant way for businesses to keep records of income and expenditure.

As bookkeeping procedures evolve it’s imperative that you have a sound knowledge of current practices in order to keep your business afloat.

With this in mind, we’ve compiled this handy guide on the basics of bookkeeping to help you balance your books with more confidence.