11th October 2013
If you are not sure what information and detail is required- ask your accountant. Most will have a basic template you can use in Excel as a starting point.
Keep all the paperwork in monthly batches so it is easy to find if you need to go back to something at a later date.
Do little and often. Entering details of receipts and invoices can be tedious so don’t leave it until you have almost a years worth to do in a hurry. Try to do quick and painless chunks each week or at least once a month. The benefit of this is that you not only avoid hours of mind numbing work but that you have an up to date picture of your financial situation, rather than operating in the dark until the year end...
Read the full blog post here Tips on maintaining business records