HMRC expect you as a practice owner to maintain proper accounting records and there are financial penalties if such records are not kept and regularly updated. Keeping accounting records means three ...

Learn how double-entry accounting records transactions twice, ensuring balance and accuracy by showing both a credit and a ...

Small-business bookkeeping involves setting up a framework, choosing your method and keeping track of details. Many, or all, of the products featured on this page are from our advertising partners who ...

Bookkeeping differs from accounting in that the accountant is responsible for accounting records, sales documentation, purchases, payments made, etc. This information is kept in the assigned books or ...

With so many accounting standards, it can be hard to keep up with them all. The move to International Financial Reporting Standards may simplify matters, by reducing the number of rules and making the ...

The pace of change is accelerating in almost every aspect of the accounting profession, the general economy, and society at large, and accountants must do more just to keep up, warned technology ...

Whether your business is typically the one sending the invoices or receiving them, you'll need to keep track of the pieces of paper to ensure flawless accounting. Without taking steps to organize your ...