Do you buy business items with your own non-business funds i.e. your cash? Do you include these purchases in your accounts? Surprisingly, some of our clients don’t think that they can or should include cash receipts in their books. This is not the case!
Sometimes we get receipts from clients that don’t make any sense or it is unclear how the thing purchased relates to the business. When this happens, it is very difficult for us to allocate the purchase accurately (or at all).
At it’s most basic, bookkeeping involves receiving data in the form of invoices etc. and entering this data into an accounting system. So, if you are one of our clients, before we can start doing your accounts, we will send you a request for a list of documents. The type of document we request from …