Welcome to Accountancy Basics!

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We are a team of small business owners, accountants and bookkeepers who want to provide you with reasonable solutions to commonly asked accounts questions.

Accountancy Basics believes many of the accountancy services available are in many instances too complicated.  After being approached by a number of individuals who had been employed but now run their own businesses, the basic accounts information just wasn't there to access.

Too often unnecessary terminology is used when a basic explanation is all that is needed.

For small businesses, accounts should not be something to be afraid of, keeping accurate records and being aware of what phrases mean within the accounts industry are relevant to successfully understanding how your business runs, what effects your profit, tax and the bottom line of what money you are entitled to take from your business with the hard work you have put in.

Talk on our forum

Accountancy Made Easy

Just because you have formed a limited company doesn't mean that you know all of the basic accounting terms, you may feel more safe as a company with its limited liabilty status, but often the paperwork and filing requirements stack up - feel free to ask for relevant information to help you along.

Our objective is to provide an informative site that uses basic terms.  You can check our glossary or ask us a question directly - we will try and give you a quick and straightforward answer.

We want your input - if you have any concerns please let us know.