There are numerous accounting software packages available which makes the choice varied but it can be confusing
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Record keeping as a self-employed person
When you start out as self-employed, there are lots of things you have to try and get your head around. One of those being what records you are required to keep and how to keep them. This video from HMRC explains what you do and don't need to keep, and how to keep the things you do.
- Keep records on paper/electronically – you choose as long as the system works for you
- Be Organised
- Cashbook – use this to record all sales and purchases
- Petty Cash book – use this to record any small purchases made using cash
- Keep them up to date
- Make sure they are accurate
- Use the information to complete self-assessment tax return
- Keep records for 6 years
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What My Clients Say
- Rachael Early provides a payroll service for Mill Road Transitional Support Service. Her knowledge and advice, coupled with her professionalism have been invaluable in helping me to set up this new service for people with learning disabilities.
- We have used Rachael's services for a number of years and have always found her to be professional, efficient and extremely reliable. We would definitely recommend her.
- Rachael helps me stay organised so I can focus on the fun parts of my business. I'm particularly bad at keeping up to date with numbers but Rachael keeps me on track and sorts out payroll, VAT and all the complicated stuff for me!