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Bookkeeping · Xero · QuickBooks

Bookkeeping for Brighton Businesses

Good bookkeeping is the foundation of good financial management. We keep your records accurate, up to date, and organised — so your accounts are ready when you need them, and you always have a clear picture of where your business stands.

What we cover

  • Monthly bank reconciliation
  • Income and expense categorisation
  • Supplier invoice processing
  • Customer invoice management
  • Monthly management reporting
  • Xero and QuickBooks setup and training

Cloud bookkeeping from £75/month

We use Xero and QuickBooks — the UK's leading cloud accounting platforms — so you always have real-time access to your numbers.

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What good bookkeeping looks like

  • Every bank transaction matched to an invoice, bill or category, and the bank reconciled to the statement each month
  • Sales and purchase invoices recorded on the right dates, with VAT coded correctly if you are registered
  • Receipts and supporting documents attached to transactions, not left in a shoebox
  • Director's loan, payroll and VAT control accounts that agree to the underlying records
  • A month-end review that catches errors while they are easy to fix

How long you must keep records

Records forKeep for
Self-employed (Self Assessment)5 years after the 31 January submission deadline
Limited companies6 years from the end of the accounting period
VAT records6 years

Making Tax Digital for VAT already requires digital records, and Making Tax Digital for Income Tax will require the same for sole traders and landlords over the income thresholds. Good digital books are the foundation for both.

Example. A business shows a £1,200 payment from a customer on its bank feed. Recorded as "sales" without an invoice, the VAT and the customer's balance are both wrong. Matched to the £1,000 plus £200 VAT invoice, the ledger, the VAT return and the debtor list all agree.

Selling on several platforms adds work. See our guide to multi-channel bookkeeping, and for software choices Xero vs QuickBooks.

Sources: GOV.UK: how long to keep your records.

Frequently Asked Questions

What is bookkeeping and why does my business need it?

Bookkeeping is the systematic recording of all business income and expenditure. It is the foundation for tax returns, understanding profit, and managing cash flow. HMRC requires businesses to keep adequate records.

Do you offer Xero and QuickBooks bookkeeping in Brighton?

Yes. We are experienced with both platforms and can set up, migrate, or manage your books on either. We also provide training so you can handle day-to-day entries yourself if preferred.

How long do I need to keep business records?

Self-employed people keep them for five years after the 31 January submission deadline. Limited companies and VAT records are kept for six years. HMRC can ask to see them within those periods.

Why should I reconcile my bank monthly?

It catches missing transactions, duplicates and coding errors while they are easy to trace, and it means your VAT return, payroll and year-end accounts are built on records that agree with the bank.