Accounting

19 August 2022

What does it mean? Accounting terms explained

If you have questions about accounting terms then you’re in the right place! When you start managing your finances there’s lots of new accounting terminology to learn. From assets to turnover, find all the definitions you need to know as you get to… Read more

11 July 2022

6 reasons why you should use smart bookkeeping templates

Smart bookkeeping templates are one of Bokio’s many features to make doing your accounting really simple. What are smart bookkeeping templates? When you record a transaction and search for the type of transaction you choose a smart bookkeeping… Read more

6 July 2022

Accounting for landlords

When you’re a landlord and rent out one or more properties, you need to tell HMRC about your income. The best way of keeping track of your income and expenses for your tax return is by doing your accounting regularly. We take you through what you… Read more

23 June 2022

How to keep self-employed accounts

If you’re unsure about which accounts you need to keep as a self-employed person, don’t worry. We explain which records you need and how to keep them. What accounting records do I need to keep? When you’re self-employed, you’re required to keep… Read more

31 May 2022

How accounting software helps you work with your accountant

Accounting software isn’t just for accountants! Sharing accounting software with your accountant is an easy way to make sure they have the information they need to get your accounting done, while you get useful tools to help you run your business.… Read more

4 May 2022

How to make the most of your Bokio free trial

Want to try out everything in Bokio for free before you commit? When you register for Bokio accounting software, you get a free trial to get to know all our features. Here’s how you can make the most of your free trial. Try out invoicing To see how… Read more

28 April 2022

What is a break even analysis and how do I do one?

A break even analysis will show when a business becomes profitable. It’s the process of showing how much money you will need to make to at least cover your business expenses. ‘Break even’ describes the point where you aren’t making a loss, but you… Read more

21 March 2022

7 reasons to check your reports

Reports generated from your accounting are useful tools to help you understand your business. Find out why you should check your reports and what you can use them for. 1. Check your business performance The first reason to take a look at your… Read more

15 March 2022

How to track your business expenses

Tracking your expenses is easy when you use online accounting software. Here’s how to record your expenses, track them, and prepare for your Self Assessment tax return. Record them in your accounting software The easiest way to track your business… Read more

21 February 2022

What is an LLP?

If you want to start a business with another person or company, then you need to know about running an LLP, and how this is different from a normal partnership. What is an LLP? LLP stands for limited liability partnership. When you ‘incorporate’… Read more

2 February 2022

How to do your bookkeeping quickly

If you want to do your bookkeeping quickly and easily, using online accounting software is a great solution. Here’s why: Import transactions with bank feeds Bank feeds are when you connect your bank account to your bookkeeping software, and your… Read more

18 January 2022

What is a trial balance report?

Your trial balance report can be a useful tool to help you find errors in your accounting. Find out everything about trial balance reports, from what they are to how to read one. What is a trial balance report? The trial balance gives the closing… Read more

11 January 2022

What's the difference between amortisation and depreciation?

It’s important to know the difference between amortisation and depreciation when you’re managing assets. Find out what you need to know about assets and how to manage them in your accounting. First, what are assets? An asset is something that you… Read more

22 November 2021

Accounting tips for self employed tutors

If you’re a self employed tutor getting to grips with accounting then this guide will help you get started. Use accounting software Accounting software is a great way to manage your finances. Instead of manual accounting which can be time consuming… Read more