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Filing Requirements for Sole Proprietors: All You Need to Know

Counto

Organised Records: Use accounting software, maintain a filing system for physical documents, and regularly reconcile bank statements. Digital Records: Utilise accounting software or cloud-based solutions for secure digital record-keeping, ensuring regular backups.

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Bank Feed Integration in Accounting: Why it Matters for Small Businesses

Counto

With bank feeds, transactions appear in your accounting system in real time, ready to be categorised and reconciled. What to Consider when Setting Up Bank Feeds Ensure your accounting software supports secure integration with your bank. Review your user permissions who can view, categorise, and reconcile transactions.