Knowledge base

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...