Every business needs to keep a record of their income and expenditure. This is simply known as bookkeeping. As soon as you have the intention to start a business you should keep a record of every financial transaction.
Bookkeeping is an essential part of reporting the trading activity of a business by way of recording income and expenditure, in doing so on a regular basis you will be aware of how your business is performing by way of a profit and loss report, this simply is your income less your expenditure.
Bookkeeping & Business Accountancy Services covering Telford, Shrewsbury, Shropshire, Bridgnorth, Newport.
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