My Bookkeeping Online Blog

The budget was well received in the small business community, and there are changes that you can make FROM TODAY that will mean that you pay less tax...

Read more

Categories:Accountants, Industry News, My Bookkeeping Online, Small Business Help

The degree of complexity required of a purchase ledger depends on the size of the business.  For example, a shop that receives 30 supplier invoices a month will have very different requirements to a national chain of shops that might receive 2,000 supplier invoices a month...

Read more

Categories:Bookkeeping, My Bookkeeping Online, Small Business Help

Occasionally, I pick up on bits of functionality in My Bookkeeping Online that are really valued by users.

On this particular occasion, an accountant brought it to my attention that some rivals do not offer the ability to record a cash sale in the sales ledger without raising an invoice – so I thought it would be worth passing on in a blog how My Bookkeeping Online...

Read more

Categories:Bookkeeping, My Bookkeeping Online, Small Business Help

One of the great advantages of online bookkeeping is that any change or upgrade made to the software is released to everyone’s account at the same time without additional cost. In other words, everyone benefits immediately – accountants and clients alike.

Read more

Categories:Accountants, Bookkeeping, My Bookkeeping Online

The last few years has seen a number of online bookkeeping solutions launch solely in the online arena. These include Xero, Kashflow, Free Agent Central and, of course, My Bookkeeping Online.

These new products are challenging the traditional software houses –Sage and QuickBooks -both of whom are yet to launch an online solution.

So, which is the better for micro businesses? Particularly those that are one man bands, or have no in-house bookkeeping skills?

Read more

Categories:Accountants, Bookkeeping, My Bookkeeping Online, Small Business Help

Running your own business is challenging enough, without the bookkeeping getting in the way. Believe it or not, bookkeeping does not need to be the stressful; challenging nightmare that it is often perceived to be. Here are my 5 top tips:

Read more

Categories:Bookkeeping, Financial, My Bookkeeping Online, Running a Business from Home, Small Business Help, Start ups, Working From Home

There is a lot of talk online about the rate of VAT being raised to 20% after the General Election.

If the VAT rate does rise, businesses with turnover of below £70,000 may be more minded to register for VAT, and here, broadly, is why:

Read more

Categories:Financial, My Bookkeeping Online, Running a Business from Home, Small Business Help

It is important that you have the right level of bookkeeping software for your business. The wrong software will leave you frustrated because it will either be too simple and not provide the information you need, or be too complicated and cost a fortune to run.

In my mind, there are 4 levels.

Read more

Categories:Accountants, Bookkeeping, My Bookkeeping Online, Small Business Help

Small businesses, the chances are that your business year-end is approaching, or has just passed and you are once again worrying about pulling together the information that your accountant needs to do the year-end accounts? Am I right? You can make your life easier, a lot easier, using My Bookkeeping Online.

The benefits are...

Read more

Categories:Bookkeeping, Financial, My Bookkeeping Online
Tags:backdate

Over a year in development and we are finally there. My Bookkeeping Online is live and simple bookkeeping for small businesses has arrived.

In the next few blog posts I’d like to highlight the key areas of the bookkeeping software and hopefully answer any questions our new users may have.

Simplicity starts with the registration process. To get access to the 14-day free trial, all we need is your name and email!

Read more

Categories:Bookkeeping, My Bookkeeping Online
Tags:bookkeeping

It is sad to say, but many small businesses have a stressful relationship with their accountants. Looking at the bald facts, it is perhaps not hard to see why...

Read more

Categories:Bookkeeping, Expenses, Financial, My Bookkeeping Online, Small Business Help
Tags:accountants, bookkeeping

We all lead busy lives but in particularly business owners suffer with fitting everything into those short 24 hours in the day. Therefore, it brings no surprises that we are very alive to ideas that save time and jumping up-and-down if they save money too! In this post we discuss some stones to search under!

Read more

Categories:Bookkeeping, My Bookkeeping Online
Tags:Save, time

If you are starting out in business and trying to plan the cost of a refurbishment, whether it be a shop, restaurant, bar or hotel - plan the extent of any refurbishment very carefully. I’m talking about every last detail and once that’s done, add in a healthy excess in terms of time and cash to cover any unforeseen events or delays.

I am sitting here working on getting My Bookkeeping Online live. Despite 3 months planning including a detailed prototype, we are late launching the site and we will definitely spend more than we originally planned. Whilst it is frustrating (I can assure you, everyone wants to get going), it is not a major concern.

Read more

Categories:My Bookkeeping Online, Start ups
Tags:business, ideas, budget

Hello I'd like to introduce myself as Bookkeeper Tim! This is my first blog post of many in the run up to launch of My Bookkeeping Online.

The blogs main focus is on small business. No doubt my focus will head off in many tangents in the coming weeks and months, but the primary purpose is to talk about small businesses that are starting up, help with some broad advice and talk about the issues small business owners face in specific industries. Please forgive the occasional rant too...

Read more

Categories:Bookkeeping, My Bookkeeping Online, Small Business Help
Tags:business, blog