Doing Your Bookkeeping

Guidance on how to keep your bookkeeping accurate

27 articles in this collection
Written by Adam Goodall, Eva, Kayleigh and 2 others

Getting Started

Choosing the Right Setup

Learn how to identify the right setup for you whether you're a sole trader, limited company, or landlord

Written by Aaron Beardmore
Updated over a week ago

Categorising Transactions

How to Categorise My Transactions

Tracking your expenses with categories in-app

Written by Steff
Updated over a week ago

How to Categorise Transactions in Bulk

Categorise all similar transactions in bulk without the need to scroll your entire list of transactions

Written by Eva
Updated over a week ago

How to Categorise Refunds

Which category to use when you've been refunded for a business expense

Written by Kayleigh
Updated over a week ago

How to Categorise Loans & Loan Repayments

Which categories to use for transactions that are loans or loan repayments if you're a sole trader

Written by Kayleigh
Updated over a week ago

Managing Your Transactions

How to Search for a Transaction

Search to check to see if a client has paid you or if you've paid an invoice to a supplier

Written by Eva
Updated over a week ago

How to Manually Record Transactions

Keeping track of income and outgoings that aren't yet recorded in your Coconut app

Written by Steff
Updated over a week ago

Recording Reimbursements in Coconut

Written by Aaron Beardmore
Updated over a week ago

Managing Pre-trading or Pre-incorporation Expenses

Learn how to create manual adjustments for expenses that may have occurred before you started trading or before your business incorporation.

Written by Aaron Beardmore
Updated over a week ago

Recording Cash Expenses

Learn how to properly record your cash expense transactions in Coconut

Written by Aaron Beardmore
Updated over a week ago

How to Add a CIS Deduction to a Transaction

Add CIS deduction to a relevant transation

Written by Aaron Beardmore
Updated over a week ago

How to Split a Transaction

Split an expense that is both Business and Personal to keep your allowable expenses up to date and accurate

Written by Eva
Updated this week

How the Monthly Overview Works

A monthly overview of your income, expenses and profit

Written by Eva
Updated over a week ago

Managing Income Streams

How to Support Multiple Businesses and Properties in Coconut

Learn how to use Income Streams in the app to track different streams of property and business income

Written by Aaron Beardmore
Updated over a week ago

Selecting the Right Business Type With Income Streams

Understand how to identify your business for HMRC and reporting

Written by Aaron Beardmore
Updated over a week ago

Receipts & Attachments

How to Attach Receipts to My Transactions

You can attach receipts to your transactions in-app

Written by Steff
Updated over a week ago

How to Save a Receipt for Later

Saving and storing receipts for future transactions and/or later use

Written by Steff
Updated over a week ago

Requesting an Export of Your Receipts and Attachments

How to request a download of your receipts and attachments

Written by Kayleigh
Updated over a week ago

Accounting Questions

Purchasing Assets

If you're considering capitalising large purchases and running depreciation

Written by Adam Goodall
Updated over a week ago

Tracking Mileage

Some suggestions of apps to help you track your mileage

Written by Adam Goodall
Updated over a week ago

Cash vs. Accruals Basis

Exploring the differences between recording income on a 'cash' or 'accrual' basis

Written by Steff
Updated over a week ago

Managing VAT

How to Get Started With VAT

Head into your business profile to enable VAT on your account

Written by Adam Goodall
Updated over a week ago

Adding VAT to Invoices

More about how you add VAT to your invoices

Written by Eva
Updated over a week ago

Saving Receipts When I Claim VAT

You will need to keep a record of your VAT receipts

Written by Eva
Updated over a week ago

Applying VAT to a Transaction

Head into your transaction and follow the prompts to record VAT

Written by Eva
Updated over a week ago

Doing a VAT Return

You can export your data and use bridging software to submit your VAT return

Written by Steff
Updated over a week ago

Limited Company Bookkeeping

Running My Payroll

If you have a Limited Company, you might need to run payroll

Written by Adam Goodall
Updated over a week ago