03-04-2018, 08:42 AM
The Importance of Bookkeeping in a Business
Author: Alan Butler
f you run your own business Charles Tapper Jersey , no matter what size, bookkeeping is a legal requirement by H M Revenue and Customs http:www.hmrc.govsarec-keep-self-emp.htm . Basic records you must keep Your basic records will normally include:
a record of all your sales, with copies of any invoices you've issued
a record of all your business purchases and expenses
invoices for all your business purchases and expenses
details of any amounts you personally pay into or take from the business
copies of business bank statements
You or your accountant will use these records to create a profit and loss account - which shows the sales income you've received and the expenses you've paid, and what profit loss you've actually made. Your tax liability will be based on this. Other records you must keep All businesses are different and there are many specific types of detailed records that may need to be kept. Some examples of records you should keep include:
cash book
petty cash book
order notes and invoices
copy sales invoices
details of any other business income received
details of any private money brought into the business
till rolls or other form of electronic record of sales
details of any other income
any cash taken out of the till to pay small business expenses
bills and invoices for purchases and expenses
a record of stock on hand at the end of the year
all bank and building society statements Maliek Collins Jersey , pass books, cheque stubs and paying-in slips which include details of business transactions
If you do not keep accurate and complete records you may end up paying more tax than is due because of lack of evidence of tax deductible expenditure orand inaccurate sales records causing H M Revenue and Customs to assess your expected sales.
If you pay an accountant to prepare your accounts they will charge you based on how long it will take them. If your records are more accurate this will reduce the time taken and therefore reduce the amount they charge. The above reasons are sufficient to ensure you keep good books and records but the most important reason is to ensure you have control over your business and that you can assess its profitability and the cash flow situation therefore ensuring you are aware of any potential problems as soon as possible and can make business decisions with all available information at hand.
One way to ensure that you keep good records is to invest in good bookkeeping software .
Article Source: http:www.articlesbaseaccounting-articlesthe-importance-of-bookkeeping-in-a-business-554809
About the Author:
Alan Butler is a director of A Butler and Company, chartered certified accountants, based in Derby Jaylon Smith Jersey , providing a personalised service to local business owners and individuals.
Four Software Limited, 5A Darley Abbey Mills, Darley Abbey, Derby Xavier Woods Cowboys Jersey , DE22 1DZ, Tel 01332 200 604, Fax 01332 344329, Four Software
Email bookkeepi For patients with diabetes Ryan Switzer Cowboys Jersey , they are recommended to immediately take steps to reduce high blood sugar levels. The reason is that long-term elevated blood sugar can bring many ill-effects on the overall health. For instance, it can affect the eyes, kidneys, and even heart functioning. For those who are concerned about 'how to maintain healthy blood glucose' Jourdan Lewis Cowboys Jersey , they are given the following recommendations:
Lifestyle recommendations:
1. Exercise on a regular basis
2. Control the intake of carbohydrates
3. Increase the fiber rich food consumption
4. Drink plenty of water to stay hydrated
5. Implement portion control in food intake
6. Select foods with low glycemic index
7. Control stress levels.
Some patients will see improvement in their blood sugar levels with these lifestyle changes. But, for some they need some addition support. When it comes to chemical-based medicines for diabetes, they are known to cause any side-effects. This is where the natural diabetics remedies called Diabkil capsules will help.
An introduction to Diabkil capsules:
For individuals with the question 'how to maintain healthy blood glucose', the best answer is possible to achieve with Diabkil capsules. These capsules are special blend of proven and time-tested herbs that can effectively control blood sugar levels in a natural manner. The ingredients in these capsules will help with utilization of glucose and will help with maintaining healthy levels of triglycerides and cholesterol. These natural diabetics remedies will help with promoting normal glucose levels in the blood and also in urine and will keep the body functions at the normal level. It will improve overall health in diabetic patients and will relieve polyuria Chidobe Awuzie Cowboys Jersey , pruritus, pain in legs, body ache, giddiness and weakness. With the regular use of these capsules complications associated with diabetes will be prevented. This is done by these capsules by rejuvenating and nourishing the entire systems in the body.
Ingredients: To bring answer to the question 'how to maintain healthy blood glucose' Taco Charlton Cowboys Jersey , the following herbs are part of Diabkil capsules:
1. Karela has active substances with anti-diabetic properties. The first active substance is charantin, which is known for its blood glucose lowering effect. The second is vicine, which is insulin-like compound called as polypeptide-p. These substances work both together and individually to bring down blood sugar levels.
2. Gurmar is an herb th. Jerseys China Jerseys China Jerseys From China MLB Jerseys Cheap NHL Jerseys China NFL Jerseys China New NBA Jerseys Cheap Nike NFL Jerseys China Replica Soccer Jerseys From China Adidas NHL Jerseys From China
Author: Alan Butler
f you run your own business Charles Tapper Jersey , no matter what size, bookkeeping is a legal requirement by H M Revenue and Customs http:www.hmrc.govsarec-keep-self-emp.htm . Basic records you must keep Your basic records will normally include:
a record of all your sales, with copies of any invoices you've issued
a record of all your business purchases and expenses
invoices for all your business purchases and expenses
details of any amounts you personally pay into or take from the business
copies of business bank statements
You or your accountant will use these records to create a profit and loss account - which shows the sales income you've received and the expenses you've paid, and what profit loss you've actually made. Your tax liability will be based on this. Other records you must keep All businesses are different and there are many specific types of detailed records that may need to be kept. Some examples of records you should keep include:
cash book
petty cash book
order notes and invoices
copy sales invoices
details of any other business income received
details of any private money brought into the business
till rolls or other form of electronic record of sales
details of any other income
any cash taken out of the till to pay small business expenses
bills and invoices for purchases and expenses
a record of stock on hand at the end of the year
all bank and building society statements Maliek Collins Jersey , pass books, cheque stubs and paying-in slips which include details of business transactions
If you do not keep accurate and complete records you may end up paying more tax than is due because of lack of evidence of tax deductible expenditure orand inaccurate sales records causing H M Revenue and Customs to assess your expected sales.
If you pay an accountant to prepare your accounts they will charge you based on how long it will take them. If your records are more accurate this will reduce the time taken and therefore reduce the amount they charge. The above reasons are sufficient to ensure you keep good books and records but the most important reason is to ensure you have control over your business and that you can assess its profitability and the cash flow situation therefore ensuring you are aware of any potential problems as soon as possible and can make business decisions with all available information at hand.
One way to ensure that you keep good records is to invest in good bookkeeping software .
Article Source: http:www.articlesbaseaccounting-articlesthe-importance-of-bookkeeping-in-a-business-554809
About the Author:
Alan Butler is a director of A Butler and Company, chartered certified accountants, based in Derby Jaylon Smith Jersey , providing a personalised service to local business owners and individuals.
Four Software Limited, 5A Darley Abbey Mills, Darley Abbey, Derby Xavier Woods Cowboys Jersey , DE22 1DZ, Tel 01332 200 604, Fax 01332 344329, Four Software
Email bookkeepi For patients with diabetes Ryan Switzer Cowboys Jersey , they are recommended to immediately take steps to reduce high blood sugar levels. The reason is that long-term elevated blood sugar can bring many ill-effects on the overall health. For instance, it can affect the eyes, kidneys, and even heart functioning. For those who are concerned about 'how to maintain healthy blood glucose' Jourdan Lewis Cowboys Jersey , they are given the following recommendations:
Lifestyle recommendations:
1. Exercise on a regular basis
2. Control the intake of carbohydrates
3. Increase the fiber rich food consumption
4. Drink plenty of water to stay hydrated
5. Implement portion control in food intake
6. Select foods with low glycemic index
7. Control stress levels.
Some patients will see improvement in their blood sugar levels with these lifestyle changes. But, for some they need some addition support. When it comes to chemical-based medicines for diabetes, they are known to cause any side-effects. This is where the natural diabetics remedies called Diabkil capsules will help.
An introduction to Diabkil capsules:
For individuals with the question 'how to maintain healthy blood glucose', the best answer is possible to achieve with Diabkil capsules. These capsules are special blend of proven and time-tested herbs that can effectively control blood sugar levels in a natural manner. The ingredients in these capsules will help with utilization of glucose and will help with maintaining healthy levels of triglycerides and cholesterol. These natural diabetics remedies will help with promoting normal glucose levels in the blood and also in urine and will keep the body functions at the normal level. It will improve overall health in diabetic patients and will relieve polyuria Chidobe Awuzie Cowboys Jersey , pruritus, pain in legs, body ache, giddiness and weakness. With the regular use of these capsules complications associated with diabetes will be prevented. This is done by these capsules by rejuvenating and nourishing the entire systems in the body.
Ingredients: To bring answer to the question 'how to maintain healthy blood glucose' Taco Charlton Cowboys Jersey , the following herbs are part of Diabkil capsules:
1. Karela has active substances with anti-diabetic properties. The first active substance is charantin, which is known for its blood glucose lowering effect. The second is vicine, which is insulin-like compound called as polypeptide-p. These substances work both together and individually to bring down blood sugar levels.
2. Gurmar is an herb th. Jerseys China Jerseys China Jerseys From China MLB Jerseys Cheap NHL Jerseys China NFL Jerseys China New NBA Jerseys Cheap Nike NFL Jerseys China Replica Soccer Jerseys From China Adidas NHL Jerseys From China