What is Bookkeeping?
Right Click Bookkeeping Process So how do bookkeeping practices support businesses with their accounts? The chunkiest part is the bookkeeping: also known as the day-to-day transactions within the business. At Right Click Bookkeeping, these are the steps involved when you become our client: 1. The transaction occurs – i.e. money comes in or out of […]
Getting ready for MTD
You may have heard of MTD, but not really taken much notice or been too busy to read up on it. Well, MTD is becoming more of a requirement as time goes on, so I thought it would be useful to explain what MTD stands for, what it means for your business, and what steps […]
Bookkeeping: The Basics
Bookkeeping basics 1. What is Bookkeeping? Bookkeeping is completing your accounts using double-entry. There is always a debit and credit, meaning that your accounts ‘balance’. Let’s use an example: let’s say you are an illustrator and send customers framed illustrations in the post. You will need to buy padded envelopes for the delivery. Let’s say […]
Why Bookkeeping is important to grow a successful business
What is bookkeeping and 8 reasons why is it important to grow a successful business There’s been many times I’ve heard: “I hate doing my accounts”. It’s the admin task that seems to get pushed to the bottom of the to-do list and inevitably stay there for weeks on end. I believe if business owners […]
Why do I need a separate Business Bank Account?
When running your own business, it’s really important to separate the cash in your personal and business bank accounts. This is so that you have a handle on what transactions flow through your business – and the best way to do this is to keep your business transactions separate to any of your personal spending. […]
What is CS01?
If you’re a Director of a Limited Company, you would have received a letter congratulating you and outlining your new responsibilities. A CS01 is a part of those responsibilities, so we wanted to provide some information on what CS01 really is. So what is CS01? A Confirmation Statement from the Directors of the Company. This […]
What is CT600?
If you’re an accountant, you will no doubt know financial jargon – but what about those who have just started a business? There’s lots of abbreviations and terminology to get your head around when you start your business – never mind wearing many hats and working long hours whilst you get yourself off the ground. […]