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English (United Kingdom) Chart of Accounts
The chart of accounts is the backbone of any accounting system. It is a listing of all the accounts in the general ledger.
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Business Planning Resources
January 08, 2024
What should I include in my business plan?
Accounting
March 20, 2024
How to automate your bookkeeping processes
March 20, 2024
Which accounting software should I use?
December 30, 2023
Accounting Vs Bookkeeping
Record Storage and Retrieval
Lets face it , we all hate filing. But it is an integral part of your accounting system. Your filing system is only as good as the ...
What is an Audit Trail?
A good accounting system should by nature produce a clear audit trail for all documents and records that a third party could follow ...
Implement a reporting schedule
Every business has different reporting needs. Exactly what reports are needed will be determined by the business's budgets, owners n...
Why are they called Subsidiary Journals?
While the earliest recorded evidence of accounting goes back 7000 years to Mesopotamia - we can thank the Italian banking centers o...
The Accounting Cycle
The total set of accounting procedures that must be carried out during each accounting period.
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Reconcile, Reconcile, Reconcile
Bookkeeping is the continually process of checking and reconciling the data to ensure it is fair and correct so that you can rely on...
What should I include in my business plan?
A business plan is a document that lays out what you see your business accomplishing and why. It is basically a road map from concep...
How much should I charge per hour?
Charging the correct hourly rate can be a balancing act when you are starting out in business. You need to cover your costs, m...
How much should I be paying myself?
Many business owners fail to pay themselves a proper wage and often rely on taking drawings from the business in order to surv...
