Clive Murphy Ltd.

Bookkeeping

Bookkeeping is the recording of your business's financial transactions. It can take many different forms depending on the size and nature of your business, but whatever system you use, it needs to be complete and reliable. For that reason, go for a system that is simple and easy to maintain. One that you will be comfortable with using on a regular basis.

Keeping books and records on a regular basis should not take much time or effort - for example, the bookkeeping for a small sole trader business can take as little as 15 minutes a week. The trick is to keep on top of it - I recommend setting up a routine so it doesn't get forgotten. Read about problems that can arise if bookkeeping isn't regularly maintained.

Clive Murphy Ltd.

What You Need To Do

Have a look at the following suggestions for an idea of what is required. However, please remember that these are only suggestions. Without knowing the details of you and your business I cannot say if any particular system would be adequate. If you would like to discuss in more detail what might be right for your business, please contact me at clive@clivemurphy.co.uk or call (01752) 822975 to arrange an appointment.


*Cash accounting is when VAT is accounted for when payments are paid and received, which makes record keeping far easier. The alternative is invoice basis, which requires records of invoices issued and received to be kept, in addition to records of payments and receipts.

Free initial consultation with no obligations. Evening appointments available.
To arrange an appointment, you can either email me or call (01752) 822975 between the hours of 9am - 5:30pm Monday to Friday.

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