Prepare a Business Budget

Take time to prepare a business budget every year, it is so important. As a small business you should take your forecasting and budgeting very seriously. From this article you will gain from the expertise used by a large business and in particular the way every decision is queried and the markets researched at the… Read More »

Pay Less Tax UK

The addition of recent allowances can mean we pay less tax in the UK. The new allowances include a £1,000 tax allowance for trading income and a similar sum for property incomes. These allowances have been introduced for the 2017/18 tax year. The Marriage Allowance has been available for a few years but has not… Read More »

Top Affiliate Marketing Program

When considering the top affiliate marketing program there are two perspectives, the business looking to participate in an affiliate marketing program to increase their online sales volume and the individual looking to advertise goods and services and earn affiliate commissions. There are affiliate programs in every product range imaginable – in fact there are 100,000’s… Read More »

Financial Accounting Equation

I have purposely left introducing the Financial Accounting Equation to the final part of my free bookkeeping course. If you are intending to study bookkeeping and accounting then almost certainly you will encounter the accounting equation within the early pages of your studies. It is sometimes stated that double entry bookkeeping is based on the… Read More »

Annual Depreciation Formula

This is the sixth lesson in my free bookkeeping course and I am introducing you to the annual depreciation formula, prepayments, accruals, bad debt provisions and the way we must value our stock of materials and goods available for sale. Depreciation is not allowable as a tax deduction, the revenue treat asset value deductions under… Read More »

Nominal Accounts Examples

The General or Nominal Ledger is the book containing all the information from which our monthly and annual accounts are prepared. I am going to provide some nominal accounts examples to show how we should categorize the various nominal accounts and this will help in setting out the initial listings where computerized accounting packages are… Read More »

Small Business Bookkeeping Course

All entries to the Ledgers arise from books of prime entry. In lesson three of our small business bookkeeping course we covered the Sales Day Book, Sales Returns Book, Purchases Day Book and Purchases Returns. We are going to start this lesson by looking at the remaining books of prime entry you will find within… Read More »