Knowledge base

Some business owners do – it depends how much bookkeeping there is to do, and how complicated your accounts are. If you have a lot of transactions each month, you might end up bogged down in paperwork when you could be bringing work in. It’s also important to be sure...

It varies quite a lot. Some bookkeepers charge an hourly rate, which could range from £15 to £40 plus VAT depending on where you are in the UK and how experienced the bookkeeper is. Others will give you a fixed fee so you pay the same each month. This is likely to be...

No, not necessarily. There are lots of options for working remotely, and most bookkeepers will expect to work in their own premises.

First, you need to know which tax year you started trading in. For example, if you started trading on July 1st 2025, that falls into the tax year April 6th 2025 to April 5th 2026. Your tax return will be due by January 31st of the following year, so in this example...

Whilst it is still possible to use a spreadsheet for your accounts, my advice would be to invest in some suitable accounting software ready for when HMRC make it compulsory. Making Tax Digital is coming in over the next couple of years, and you won’t be able to submit...

To begin with, we’ll need quite a lot of information about you and your business; this means we understand exactly what you need from us. We’ll go through things like how you record your sales, how many bank accounts and credit cards you have, what your turnover is,...

Some bookkeepers may require you to sign up to a minimum term contract; getting a new client up and running can be quite time-consuming and this is a way to make sure that those costs are covered. We don’t impose a minimum term; we want you to want to stay with us,...

We would recommend that your bookkeeping is completed at least quarterly; this will mean that you’re ready for Making Tax Digital submissions, and makes it less likely that you’ll lose any vital bits of paperwork. Because our clients send us their paperwork...

Accountants and bookkeepers often seem to offer similar services, so what’s the difference between the two? Usually, a bookkeeper will take care of your day-to-day financial tasks, such as processing invoices and receipts, chasing payments from customers, submitting...

Cloud accounting just means that your accounting data is held on a remote server (“in the cloud”) rather than on your own computer (often referred to as desktop software). If you use a desktop package, it needs to be installed on each computer that needs access to it,...

Bookkeeping is easy – it’s just data entry, right? Far from it! A good bookkeeper has to understand accounting principles, HMRC regulations, VAT and payroll, and be proficient in using the software that underpins all of that. Keeping your books up to date is important...

If you trade as a limited company, you do need a business bank account, because you and the business are separate entities. You can’t use your personal bank account for a limited company. If you’re a sole trader, there’s no legal requirement for you to have a business...