What is Bookkeeping?

Bookkeeping is the recording of financial transactions by an individual or organization.

The financial transactions include purchases and sales, receipts and payments.

A bookkeeper is responsible for ensuring the day to day transactions are recorded properly.

A bookkeeper should not be confused with an accountant.

An accountant is a provider of accounting: the measurement, disclosure and provision of financial information that enables decisions to be made about allocation of resources. An accountant can provide advice, a bookkeeper cannot.

By employing a bookkeeper you can save time on doing this task yourself and save money as the information provided to your accountant will already be in order, taking them less time to go through.

Introduction

My name is Samantha Nelmes and I started LilyIris Bookkeeping the summer of 2011.

I have over 15 years experience in the finance industry and am now putting all my knowledge to good use establishing my own business. 
I offer bookkeeping, payroll, VAT and tax services to individuals and small to medium sized business across the Bristol area.

This blog is designed to inform people of HMRC deadlines and regulation changes and any other useful information.