A guide to Micro-Entity statutory accounts format

While most companies now have to give more info on their abbreviated accounts to the Companies House, many companies can qualify to submit accounts as a micro-entity. According to the gov.uk,¬†Micro-entities are very small companies. Your company will be a micro-entity if it has any 2 of the following: a turnover of ¬£632,000 or less […]

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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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Year-end accounts checklist for small businesses

Whether you use spreadsheets or Accounting software never assume you can rely on the numbers at the end of the year without doing some basic checks.

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