If you are keeping books for your business it is best to try keep it as simple as you can. You should keep your income separate from your expenses to avoid any confusion.
It is possible to keep records in whatever format suits you. You may want to keep a simple spreadsheet, a physical book. It is also possible to buy packages for the computer that can help you keep books.
Whatever your preferred method, it is best to list your income and expenses in separate columns and categorise your expenses into different areas (for example motoring and admin). Depending upon the size of your business, keep a total your expenses and income for each week, month or year.
Keeping good records will make life much easier for both you and us.
If you require assistance from Guy Bridger Ltd. and would like to use any of our other services please feel free to contact us.