Bookkeeping and accounting tips for small businesses
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Why Every Small Business Owner Should Understand Basic Bookkeeping
Basic bookkeeping knowledge is not just for accountants; it's a critical skill for small business owners. Let's examine why understanding bookkeeping is essential for navigating the complexities of business finances and ensuring success.
Lukro Ltd
20-03-2024
Top 10 Bookkeeping Mistakes by Small Businesses and How to Avoid Them
Proper bookkeeping is a cornerstone of small business success. Lets look at some of the most frequent bookkeeping errors and offers strategies to avoid them, ensuring your financial processes are bulletproof.
Lukro Ltd
18-02-2024
The Ultimate Guide to Xero for Small Businesses
Embrace the power of cloud-based accounting with Xero, designed to simplify and enhance financial management for your small business. This ultimate guide walks you through everything you need to know to get started and get the most out of Xero.
Lukro Ltd
22-01-2024
How to Choose the Right Bookkeeping Service for Your Business
Selecting the right bookkeeping service is pivotal for your business's financial health. This guide demystifies the process, providing you with the key factors to consider and steps to ensure you make the best choice for your business's needs.
Lukro Ltd
11-12-2023
How bookkeeping can help your growing business?
As a business owner, isn't it exciting to see your company making more sales and generating more profit? You'll have more transactions and potentially cross the VAT threshold as your business continues to grow. At this stage, it becomes more challenging to manage your business finances, keep track of your cash flow, prepare payrolls, and handle your tax affairs yourself.
Lukro Ltd
19-02-2022
How bookkeepers can help your business during covid-19?
The COVID-19 pandemic is impacting most small and big businesses in the UK negatively and forcing business owners to find a new way to survive. Read more to find out how can our online bookkeeping services can help you stay in business.
Lukro Ltd
08-05-2020
The difference between an accountant and a bookkeeper
A common misconception is that bookkeepers and accountants are the same. To hire the right expert for your business, you must understand the differences between an accountant and a bookkeeper.
Lukro Ltd
09-04-2020
Can I use a personal bank account for my business?
Having a business account is fundamental and very important to the success of your business. Most self-employed business fall into the trap of using personal accounts for your business transaction and end up facing issues ...
Lukro Ltd
15-09-2019
Bookkeeping is the daily recording of business financial transactions, which include income and expenses. It is necessary because it helps to measure the performance of the business. Proper bookkeeping makes it easier for companies to keep track of all their financial information.
Lukro Ltd
15-07-2019
Importance of Bookkeeping Services for Business
As a small business owner, you may not consider it necessary to have proper records of your transactions due to other responsibilities; however, you need the services of a bookkeeper for the following major reasons...
Lukro Ltd
15-05-2019
Do I need accounting software for my bookkeeping?
Bookkeeping is so vital to your business that its absence can lead to improper financial management and pitch you against HMRC. Integrating accounting software with bookkeeping makes the function more efficient.
Lukro Ltd
14-03-2019
The process of starting a business
Starting a new business requires you to have proper planning, make necessary financial decisions and get the necessary legal documents. It can look a bit complex, especially for new small business owners; however, by taking informed steps, you can begin to build your business.
Lukro Ltd
15-01-2019