Accounting Tips For The New Year

Accounting Tips For The New Year

We all set ourselves goals, aims and resolutions for the new year. Some of these are losing weight, stopping smoking ands joining a gym. While other people, faced with the stress of tax returns, swear that this year will be the year they get better at looking after their accounts.

In this blog post we have put together some accounting tips for the new year and guidance to help you ensure that your accounts are in order and ready for the tax year. It’s important that your accounts are in order for your business and for HMRC. It will also help reduce your stress levels and help you sleep easier at night when you know your accounts are in order.

Separation

The first thing you need to do, if you haven’t done it already, is to separate your accounts. Your business accounts and personal accounts need to be separate. All outgoings and expenses that are business related need to go through the business account. Using the same accounts for business and personal muddies the waters and makes the end of year accounts really tricky for you, your bookkeeper or your accountant.

The Right Advice

Lots of people will be willing to give you their ideas and advice. However, when it comes to business and your accounts – you need to be sure you’re getting the right advice. Here at AK Bookkeeping we work hard to build a relationship with our clients. They know that if they have any queries, they just need to ask. We will always offer professional, informative and relevant advice that will help their business.

Invoices Are Important

It’s essential that you understand the importance of invoices. These need to be laid out in a set way and include multiple important details. The incorrect invoice, or an invoice sent late could result in hazardous accounts or non-payment from clients and customers. As your friendly local accountants in Peterborough we can recommend invoicing tools that will help invoicing become a smooth and easy to manage process.

 

These are just three tips that will really help get your accounts in order for the new year. If you’d like anymore advice or guidance, contact our team directly. We will happily discuss your business, listen to your concerns and offer personal advice to help.

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Testimonials for AK book-keeping

Electronics online retailer

Our decision to choose the services AK Book-keeping and Payroll Services has turned out to be a really important enabler to the growth of our business and has delivered us fantastic value for money. Their accuracy and efficiency in compiling our accounts and payroll documents has allowed us to focus on the things which we do well and add real value whilst removing the distraction of unwanted and complex administration work. I would recommend them without hesitation.

Chris

AK Book-keeping
5
2015-10-23T16:25:46+01:00

Chris

Our decision to choose the services AK Book-keeping and Payroll Services has turned out to be a really important enabler to the growth of our business and has delivered us fantastic value for money. Their accuracy and efficiency in compiling our accounts and payroll documents has allowed us to focus on the things which we do well and add real value whilst removing the distraction of unwanted and complex administration work. I would recommend them without hesitation.

Carpet & Lighting retailer

Now that we have AK Book-keeping doing all our tax returns, wages but to name a few, we have more time to focus on the business and a lot more leisure time

Simon & Cathy

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2015-10-23T16:26:07+01:00

Simon & Cathy

Now that we have AK Book-keeping doing all our tax returns, wages but to name a few, we have more time to focus on the business and a lot more leisure time

Multiple Franchise Owner

I Periodically review my resources (like any business should) and on each and every occasion I have decided to retain AK Bookkeeping’s services. It’s one of those business I know I can depend on.

Bob

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2015-10-23T16:44:40+01:00

Bob

I Periodically review my resources (like any business should) and on each and every occasion I have decided to retain AK Bookkeeping’s services. It’s one of those business I know I can depend on.

John – Building Company owner

We engaged AK Book-keeping some two and a half years ago, from the outset their communication has been excellent. We were provided with a schedule of monthly costs and a clear indication of what was included. To date we have had no reason to consider changing from AK Book-keeping as their service has been reliable, efficient and cost effective.

AK Book-keeping introduced us to Xero accounting system from the outset and for a reasonable monthly fee we benefit from all the Xero facilities available and have access to view our account, use data and monitor our performance and it is all relatively simple. We would recommend AK Book-keeping and the Xero system.

John

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2016-02-05T16:33:23+00:00

John

We engaged AK Book-keeping some two and a half years ago, from the outset their communication has been excellent. We were provided with a schedule of monthly costs and a clear indication of what was included. To date we have had no reason to consider changing from AK Book-keeping as their service has been reliable, efficient and cost effective. AK Book-keeping introduced us to Xero accounting system from the outset and for a reasonable monthly fee we benefit from all the Xero facilities available and have access to view our account, use data and monitor our performance and it is all relatively simple. We would recommend AK Book-keeping and the Xero system.

Online Retailer

Les has worked with us for 12 years now and supported our Bookkeeping and Payroll needs. Always helpful, cheerful and gets the job done efficiently. When required has helped us with other business related issues outside of Bookkeeping.

Online retailer

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5
2018-07-02T22:05:34+01:00

Online retailer

Les has worked with us for 12 years now and supported our Bookkeeping and Payroll needs. Always helpful, cheerful and gets the job done efficiently. When required has helped us with other business related issues outside of Bookkeeping.

Peterborough online retailer

Les has worked with us for 12 years now and supported our bookkeeping and payroll needs. Always helpful and cheerful and gets the job done efficiently. When required has helped us with other business related issues outside of bookkeeping.
AK Book-keeping
5
2018-09-19T18:24:06+01:00
Les has worked with us for 12 years now and supported our bookkeeping and payroll needs. Always helpful and cheerful and gets the job done efficiently. When required has helped us with other business related issues outside of bookkeeping.
5
3
AK Book-keeping