Sales and debtors record spreadsheet template

If you are not using an accounting software because your affairs are simple, you will still need to keep records of your books. We have made this simple Sales and debtors record template that will allow you to keep track of your sales invoices and end of the month or end of the year give […]

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Simple bookkeeping template using bank statement and excel spreadsheet

Here’s a simple bookkeeping template we have developed which can be easily used by anyone who has basic understanding of Excel spreadsheets. You can download bank statement from your online banking using csv file and save the columns of Date, Description, Payment, receipts. The spreadsheet will pretty much do the rest. The only thing you’ll […]

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Accounts should give True and fair view of your business

The directors of a company are required to prepare Accounts for each financial year of the company. The accounts should include: (a) a balance sheet as at the last day of the financial year; and (b) a profit and loss account for the year or accounting period. (c) Notes to the accounts   The balance […]

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A guide to the Statutory Accounts format

Statutory Accounts are accounts which must be prepared annually. These accounts are sent to HMRC, Companies House as well as shareholders.
Here we run down page-by-page what’s included in the Statutory Accounts format.

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Accounting Basics: Assets

Assets are things owned by a company, a country or an individual which hold some monetary value. Assets can be further categorised into two types: non-current assets (fixed assets) and current assets.

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Accounting basics: The Balance Sheet

A balance sheet of any company is a very important financial document which lists the assets, liabilities, and capital of a business for any given period of time.

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Accounting basics: The Profit and Loss Statement

Profit and loss statement (P&L), also known as an income statement, statement of profit and loss, or income and expense statement, is one of the three most important financial statements of any company.

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