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In business ensuring your accounts are in order and are up to date is vital, even with very small businesses. It is also required by law that accounts are kept up to date and that money in and out of the business is accurately recorded. The most popular types of bookkeeping ledger books are Collins Cathedral Analysis Books and are regularly used throughout the UK.
Other Advantages of Bookkeeping:
For VAT and tax purchases – if you run a business each year you must submit your accounts to the revenue. So it is important that throughout the year you keep receipts and fill in your income and expenditure as you go throughout the year.
Budget Monitoring - If you run a business there may be times of year where you have to pay out larger bills than normal i.e. insurance, promotional material etc. You need to plan for these to ensure you have the money available to meet these larger bills, by checking your records in your Collins Cathedral Analysis Books for the previous year you can plan for this year.
Sales Targets – By looking at your monthly sales figures from the previous year in your Collins Cathedral Analysis book you can then set your sales targets for the following year. It is also common for sales to be higher and lower at different times of year. If a business experiences a lull in business it may be due to a seasonal variation rather than a reduced demand for your product or service. To ensure this is the case it would be beneficial to watch the trend for the previous year.
Wages – If you have employees in your business you typically will do a payroll weekly or monthly etc. To ensure no-one got underpaid or overpaid, keeping an accurate record of their wages, PAYE, PRSI etc is essential, it is also a requirement by law.
At HuntOffice.co.uk we have a large range of accounts analysis books mainly from the Collins Cathedral range. There are two main types of Collins Cathedral Analysis Books - 69 series and 150 series. The 69 series are A4 in sizes and comes with different amounts of cash columns or credit and debit columns. The 150 series analysis books are 297 x 315mm and are also available with different amounts of cash or credit and debit columns. We also have petty cash books available for recording petty cash transactions. Delivery is available to all counties in the UK, including London, Manchester, Birmingham, Glasgow and Belfast.
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