Business builder

Basics of bookkeeping

In this module you’ll explore:

  • The differences between accounting and bookkeeping
  • Why bookkeeping is critical to your business
  • How to manage your day to day bookkeeping

Start by downloading and saving the workbook (PDF 1.5MB) to your computer. Use it throughout the module, capturing any key takeaways and completing the exercises at the end of each chapter.

The importance of bookkeeping

Bookkeeping can feel intimidating and as a result, often falls to the bottom of the priority list. In this video we’ll explore the importance of bookkeeping and what it can tell you about your business.

How to do bookkeeping

In this video we talk through the basics of bookkeeping, looking at how to record expenses and income, reconcile your books and how bookkeeping software can simplify the whole process.

Need further help getting to grips with your bookkeeping? Complete the Financial management module.

Download our workbook

Basics Of Bookkeeping Workbook (PDF 1.5MB)

This material is published by NatWest Group plc (“NatWest Group”), for information purposes only and should not be regarded as providing any specific advice. Recipients should make their own independent evaluation of this information and no action should be taken, solely relying on it. This material should not be reproduced or disclosed without our consent. It is not intended for distribution in any jurisdiction in which this would be prohibited. Whilst this information is believed to be reliable, it has not been independently verified by NatWest Group and NatWest Group makes no representation or warranty (express or implied) of any kind, as regards the accuracy or completeness of this information, nor does it accept any responsibility or liability for any loss or damage arising in any way from any use made of or reliance placed on, this information. Unless otherwise stated, any views, forecasts, or estimates are solely those of the NatWest Group Economics Department, as of this date and are subject to change without notice.

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