Money and bookkeeping1 answers · 0 following
What should a business check on a VAT invoice?
A supplier invoice includes VAT, but I do not want to assume it is valid evidence.
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Sole traders1 answers · 0 following
What should I understand before using cash basis accounting?
Cash basis sounds simpler, but I do not know when it may distort decisions or be unavailable.
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Limited-company directors1 answers · 0 following
How should a two-director company approve expenses?
Both directors buy things for the company and reimbursements are becoming informal.
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Sole traders1 answers · 0 following
When does a new sole trader need to consider Self Assessment registration?
I have started receiving small amounts of income and want to avoid missing a registration step.
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Sole traders1 answers · 0 following
Does a sole trader need a separate business bank account?
I know the business is not a separate legal person, but mixed transactions already make records confusing.
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Sole traders1 answers · 0 following
How should a sole trader evidence the business purpose of an expense?
A receipt shows what I bought but not why it related to the business. What extra record is useful?
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Money and bookkeeping1 answers · 0 following
How should refunds and credit notes be recorded?
We sometimes refund part of an invoice and the bookkeeping becomes unclear.
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Sole traders1 answers · 0 following
Can a sole trader invoice under a trading name?
I use a brand name publicly. What details should appear on invoices?
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Money and bookkeeping1 answers · 0 following
What is the simplest reliable way to capture receipts?
Paper and email receipts end up in different places.
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Sole traders1 answers · 0 following
When should a small sole trader start thinking about VAT?
I am below the threshold but may win a larger contract.
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Money and bookkeeping1 answers · 0 following
What makes a useful invoice-numbering system?
Can I simply start at one and count upwards?
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Sole traders1 answers · 0 following
How do sole traders create a sensible tax buffer?
Income is irregular and I do not want a surprise bill.
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Money and bookkeeping1 answers · 0 following
How often should a tiny business update bookkeeping?
Monthly feels possible, but I worry that problems will build up.
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Money and bookkeeping1 answers · 0 following
What should I prepare before speaking to an accountant?
I want the first meeting to focus on decisions rather than cleaning up files.
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