Self Employed Record Keeping

Self employed accurate record keeping is an essential part of controlling and understanding your business

The Basics

Everyone is different and you need to find the most appropriate and efficient way to record information

 Your records will need to contain specific information as shown below

1. Date of Transaction
2. Type of Transaction – Sales Receipt or Purchase Invoice
3. Name of Customer/Supplier
4. Amount Received/Paid out
5. Bank statements

Method of keeping records

1. A book 
2. Spreadsheet 
3. Online apps 
4. Accounting Software – Links to bank
   1. https://quickbooks.intuit.com/uk/self-employed/
   2. https://www.xero.com/uk/small-businesses/self-employed/

HMRC guidance

• https://www.gov.uk/self-employed-records/what-records-to-keep 

Your Goal – accurate record keeping, making accounts more meaningful

• Regularly update information
• Keep Record keeping simple
• Understand how your business is performing
• Take appropriate action 
• Sucess in your buisness vision

Our Offered Services to assist you in your Self Employed Record Keeping

• Follow the link to see more about Our Services
• :Servsol understands that it is your business and we are here to help you
  • maintain your records
    • Templates available
  • publish and maintain a deadline calendar
  • prepare and send submissions to HMRC and other organisations
  • be a sounding board and offer advice
  • Tailor made solutions to complement your business model and resources

For more information and an informal discussion please Contact Us