Basic accounting reconciliations
Your accounting records will be much more meaningful to you, and enable you to control the business better, if you regularly (monthly or quarterly depending on the size of your business) reconcile and analyse the information yourself (or get an accountant to do it for you).As a minimum, you should aim to balance your bank account, purchase ledger and sales control account. The guides below provide tips on how to do this.
 |  | Related literature: |
- How to balance your bank account
- How to balance your purchase ledger
- How to balance your sales control account
You should also reconcile PAYE, NIC, and VAT account balances with amounts due to HM Revenue & Customs.
|
Where next?
Within Accounting systems ...Within Starting up ...
- Developing your business idea
- Your business structure
- Setting up
- Payroll and PAYE
- National Insurance contributions
- VAT
- Income tax
- Corporation tax
- Contact us about this issue
- Read about how we can help you & your family
- Request a meeting with us
