Bookkeeping should not be confused with Accounting. Bookkeeping is simply the process of keeping a business’s ‘books’ up to date, by adding and/or categorising records of sales, purchases and monetary transactions.
Accounting is the process of tallying up your business records and creating end of year, or end of quarter, accounts that produce all the figures required for you to measure your business and to do tax and VAT returns.
The bookkeeping process is fairly simple. If you are set up with any of the main software accounting packages (Sage, Xero, QuickBooks, FreeAgent, etc), simply add me as a ‘Manager’ and I will check and categorise your bank transactions for you.