Bookkeeping Resources

Numberstuff Resource Roundup November 2018

Welcome to my roundup blog post of useful and inspiring bookkeeping resources for your creative business. I hope you like it and would love to know what you think, so feel free to post a comment below or send me an email and let me know.

What have I been writing on the Numberstuff Blog?

Person typing on a laptop to represent working on the Numberstuff Bookkeeping Blog for Creative Businesses
Working on the Numberstuff Blog – Original photo by Juliette Leufke on Unsplash

What are Simplified Expenses?

In this blog post, I talk about what simplified expenses are, how to use them in your business and what you need to do to claim expenses on your self-assessed tax return.

Doodle of confused person needing help with self-employed business expenses

Button to read Numberstuff Bookkeeping Blog post

What have I been reading?

Person reading a book to represent reading useful bookkeeping articles
Photo by Ben White on Unsplash

AAT Comment

I’ve read a few blog posts this month from AAT Comment, a blog written by the Association of Accounting Technicians, that I thought I’d share with you.

Brexit Guidance from HMRC

HMRC has written several posts about what might happen if we end up with a “no deal” Brexit next March.

Other Blog Posts

The self-assessment tax return is only 3 months away, here are some blog posts that explain why you should do your bookkeeping regularly and not leave it to the last minute.

What else have I been up to?

Cleo App

I have been using the Cleo App this month. It’s a great little app that uses Facebook messenger to help you understand your finances and what you are spending your money on. Its primary use is for personal accounts and helping individuals keep to a budget. However, I think it can easily be used to track business expenses too.

It works by connecting to your bank feed and categorises your income and spend. You can set your own categories and keep track of your money on a daily/ weekly basis. You can ask Cleo questions and the app will also message you if you’re getting close to your overdraft and will also tell you how much you can spend each day based on your budget.

If you connected it to your business account, you can set up your categories to match the self-assessed tax return and simply and easily see your income and expenses as well as your bank balance. It also has an optional ‘saving’ feature called Cleo Wallet, that uses an algorithm to calculate how much you are able to save each week and moves it to a separate account. This would be a great way to help you put some money aside to pay for unexpected liabilities or to pay your tax liability.

If this hasn’t made you go and look it’s also free to use, so there’s nothing to lose. I’d love to know if you decide to give it a go and what you think about it.

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