Are you ignoring that your bank reconciliation is not zero?

Why Is It Important to Do a Bank Reconciliation? Doing a Bank Reconciliation can be quite cathartic as it is very methodical. It is also an important task to complete regularly. The purpose is to make sure that the entries on your bank statement match what is in your accounts. This will enable you to identify any discrepancies and resolve … Read More

How do you do a Bank Reconciliation in Sage 50?

What is a bank reconciliation? The purpose of a bank reconciliation is to check that your company’s financial records match their bank statements and to ensure charges and interest payments are recorded. This will enable you to produce your own statement to compare the transactions. If they match, then your reconciliation is complete, and you can be confident that your … Read More

Does a bookkeeper have to be qualified?

There are many bookkeepers within the UK that are employed and don’t have bookkeeping qualifications. There are no legal requirements for bookkeepers whether employed or self-employed to have any formal qualifications, but you will need bookkeeping experience, as most employers would expect this if you do not have a recognised bookkeeping qualification. On the job experience, learning as you earn … Read More

How to become a bookkeeper

Want to become a bookkeeper? Are you considering becoming a bookkeeper? Well, you’re in the right place! If you have a love of numbers and enjoy analysing data, this would be the perfect career choice for you. It’s an amazing feeling helping businesses to grow and guiding them in the right direction to achieve their short and long-term financial goals. … Read More

Sage Bookkeeping Theory Versus Practical

When you want to become a Sage bookkeeper, learning the theory stands you in excellent stead for learning the ropes. Seeing what the software looks like, understanding how it works and what features are available is a great start. Learning Sage bookkeeping in theory could be: Completing an online course Signing up for Sage eLearning  (psst… you can find Sage … Read More

How to streamline your business

Running a business can be difficult. There are so many things to do, and it often feels like there aren’t enough hours in the day to get everything done. If you’re like me you can have lots of plates spinning at once, I sometimes wonder how they don’t all come crashing down! Wouldn’t it be great if there were a … Read More

How to recruit a Sage bookkeeper

How do you recruit the right person for an accounts role using Sage 50 Accounts?  It is important to recruit the right person for your business because they will be responsible for handling your company’s finances. If you hire someone who is not qualified or experienced in Sage 50 bookkeeping, it could lead to mistakes and financial losses. Therefore, it … Read More

What makes a good bookkeeper?

Bookkeeping is something all businesses have to do.  Keeping records of all incoming and outgoing transactions, and evidence of payments so that you can file your accounts and/or tax return at the end of the year is essential to your business, it’s not something you can avoid.  Whether you choose to take on your bookkeeping yourself or hire a bookkeeper, … Read More

How to avoid procrastination

Procrastination can be a really frustrating personality trait that can hold you back in life and business, restricting your true potential. To be able to take action and do something about it, first you must recognise you’re doing it. What is procrastination? Some might say that procrastination is laziness, but this simply isn’t the case. Laziness is when you choose … Read More

What schedules should I prepare for the year-end?

At your business year end it’s important to have clear and concise figures that both you and your accountant can decipher. You need to understand your financial status as does your accountant, so that you can make important business decisions. You need to be able to back up, substantiate, verify or validate all of your figures that you hand over. … Read More