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Book-keeping or keep accurate  see when rising
record system records of all your costs are affecting

At the centre of transactions you your profit margins
every successful will not be able to
 measure
the
business, there is manage your overall performance
an efficient record finances adequately. of your business

system. This should This could  manage your

enable you to keep jeopardise the future cashflow effectively

a complete record of your quickly if
 act
of things like business, and, in problems arise

quotations you may particular, may  keep VAT,

make, invoices, cause difficulties National Insurance

bills, receipts and when completing
and Income Tax up
payments in cash, VAT and tax returns.
to date.
VAT and Inland Keeping adequate
A simple book-keeping
Revenue forvs, etc. records is not
system may include the
These records will difficult, and it need following items.

be needed to not be time consu-

provide ming. The following

information to help information will

you to run your help you to

business. They will understand what sort

also help your of records to keep
Cash book this book
accountant to and how to keep
will help you record
complete your tax them.
all the daily receipts
return. Remember - good
and payments of the
financial records
business, the names
What sort of help you to:
of the parties
records should I  improve your
involved and how
keep? If you don’t financial control

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