Cash basis suits cash flow; accruals are compulsory for limited company accounts and corporation tax. Here is where each fits, who qualifies, and how switching works.
A practical ten-point checklist for UK sole traders to close the books before 5 April, review income and expenses, and arrive at Self Assessment...
A practical walkthrough of UK bank reconciliation: checking opening balances, matching bank feed items to invoices and receipts, and correcting...