Setting Up Accounts for a Sole Trader – A Beginner’s Guide

setting up self employed accounts

If you decide to work for yourself and begin trading as a sole trader, (self-employed) you will need to set up your accounts to record your income and expenses.

In order to do this you will need to be aware of tax, national insurance and other factors that will affect the records you need to keep as a sole trader.

To help you understand your duties and to get your book-keeping done painlessly, here’s the low-down on setting up your sole trader accounts. (more…)

A Startup’s Guide to Cloud Accounting

online accounts for start-ups

From IT and recruitment, to marketing and sales, it’s safe to say as a startup you have a million and one things to do to get your business up and running.

Finding time to devote to accounting and financial matters isn’t always at the top of a startup’s list of priorities. Nonetheless submitting annual accounts is mandatory for any business and being on top of your  finances will help your new business succeed so it’s something you want to get done quickly and efficiently. (more…)

How switching from spreadsheets to cloud accounting can help small business owners

A staple of business life for decades, the spreadsheet was adopted on a mass scale in the late 1980s and 90s alongside desktop computers. The fact that it is still used today is testament to the fact that it really was one of the killer apps of its time.

Increasingly, however, in the age of cloud-based software and connected devices, the spreadsheet and PC-reliant tools like it are being rapidly overtaken by advances in technology, leaving legacy business users at a competitive disadvantage.

Switching from spreadsheets to cloud accounting software allows small business owners to access more up-to-date figures for sales and cashflow, and view analysis and reports on a broad selection of other essential business performance indicators.

With a wider range, and more current information to-hand, cloud accounting can help business owners to make quicker and better-informed decisions.
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