Keeping on top of your accounts is a key part of running a small business.
In this section you’ll find practical guides on recording expenses, tracking your income and expenditure, choosing accounting software, and keeping proper records for Self Assessment.
We also explain how accounting rules are changing under Making Tax Digital (MTD). From April 2026 many sole traders will need to keep digital records and submit updates to HMRC using compatible software. You can learn more in our guide to Making Tax Digital for the self-employed.
Whether you manage your bookkeeping yourself or hire an accountant, understanding how small business accounts work will save you time, money and stress.