False! As a sole trader, you DON'T pay yourself a salary or wages. Instead, you take drawings from your business profits, which should be recorded as an owner's draw in your bookkeeping, not a salary. Was your answer correct? #SoleTrader #Entrepreneur #BookkeepingSimple

Scammers love to strike when we’re distracted, so double-check before you click! Tag a friend or share this post! #CyberSecurity #Holiday #BusinessBookkeeping #BusinessAccounting #Bookkeeping #Accounting #SmallBusiness #SmallBusinessOwner #BookkeepingSimple

Every choice we make, every little action, adds up to the life we’re creating. It’s not always easy, but it’s always worth it. Keep putting in the work, stay grounded, and never stop loving the journey. 🌱 #ThursdayMotivation #BuildYourDreams #EffortAndLove #StayGrounded

Understanding these statements is key to making informed financial decisions for your business. So the next time you're crunching numbers, remember the balance sheet gives you the big picture, while the P&L tells the story of your financial journey. #BalanceSheet #ProfitAndLoss

Let’s take a moment today to appreciate the little things and spread that joy. What are you grateful for today? #Gratitude #Grateful #BusinessBookkeeping #BusinessAccounting #Bookkeeping #Accounting #Bookkeeper #SmallBusiness #SmallBusinessOwner #BookkeepingSimple

Looking to take the confusion out of bookkeeping? Our latest resource, The Beginner's Guide to Bookkeeping for Small Business Owners, is just what you need! Download our handy guide today and start bookkeeping for your business. start.bookkeepingsimple.co.uk/beginners-guid…

Sparkling Success: 12 Bookkeeping Tips for Cleaning, Hygiene and Facilities Services Are you ready to unlock the secrets to successful bookkeeping for your business? Look no further! start.bookkeepingsimple.co.uk/12-bookkeeping…

As we start a new week, let’s remember: worrying about what 𝘮𝘪𝘨𝘩𝘵 happen tomorrow only steals our energy for today. Life’s challenges may still come, but facing them with a strong, clear mind makes all the difference. Leave tomorrow’s worries for tomorrow! #MondayMotivation

Generally, you must keep all required records and supporting documents for a period of six years from the end of the last tax year they relate to. Have a bookkeeping question? Drop them in the comments below! #VATTip #Receipts #Bookkeeper #BookkeepingSimple

If you're using Xero for your business, you might not know about some of these time-saving features. They can make managing your finances so much easier. Are you using Xero? #Xero #Entrepreneur #BusinessBookkeeping #Bookkeeper #SmallBusiness #BookkeepingSimple

It's not too late in the year to vow to keep your financial records meticulous. Start today and set aside time each week to update your books and review your financial health. Ready to transform your approach to business finances? We're here to help! #FinancialTip #Bookkeeper

Today, pay attention to how you talk to yourself. Trade negative thoughts for uplifting ones. Be your own cheerleader, giving yourself the same compassion you’d show a friend. Let’s finish this week with words that inspire and strengthen us! #ThursdayMotivation #PositiveSelfTalk

The end of year season is all about celebrating and giving, but don’t forget to stay on top of your bookkeeping! Need help managing your business finances this season? Let’s chat! #BookkeepingServices #SmallBusiness #Bookkeeper #BookkeepingSimple

With the end of year holidays fast approaching, it’s easy to get wrapped up in the sales rush. But while things are busy, don’t forget to keep an eye on your cash flow and expenses! #EndOfYearHolidays #Entrepreneur #BusinessBookkeeping #Bookkeeping #Bookkeeper #SmallBusiness

Looking to take the confusion out of bookkeeping? Our latest resource, The Beginner's Guide to Bookkeeping for Small Business Owners, is just what you need! Download our handy guide today and start bookkeeping for your business. start.bookkeepingsimple.co.uk/beginners-guid…

A few tips for the final month of 2024: ✅ Reflect on the goals you set for the year ✅ Reconcile your accounts ✅ Collect unpaid invoices before the year ends ✅ Schedule time to review your books 🎉 Celebrate your hard work this year! #December #BusinessBookkeeping #Bookkeeper

Sparkling Success: 12 Bookkeeping Tips for Cleaning, Hygiene and Facilities Services Are you ready to unlock the secrets to successful bookkeeping for your business? Look no further! start.bookkeepingsimple.co.uk/12-bookkeeping…

This week, let’s face those fears head-on. Instead of letting fear hold us back, let’s see it as a challenge to push forward. Remember, the courage to act in the face of fear is where true growth happens! #MondayMotivation #FeelTheFear #DoItAnyway #CourageToGrow

By implementing these easy tips, you'll streamline your finances, reduce stress, & set yourself up for financial success. Have questions about your business finances? Share them in the comments below! #BusinessTips #BusinessMoney #Bookkeeper #BookkeepingTips #BookkeepingSimple

It's generally recommended to perform a bank reconciliation at least once a month. You should reconcile your bank account each time you receive a statement from your bank. This is often done at the end of every month. Have a bookkeeping or business question? #Bookkeeper