Bookkeeping Basics for Sole Traders: What You Need to Know

No more spreadsheets—see how modern bookkeeping tools can save you hours.

Bookkeeping doesn’t have to be complicated. For sole traders, simple systems can help you keep track of income, expenses, and tax obligations without the overwhelm.

“Stay organised and avoid tax stress—bookkeeping tips for sole traders from the team at KINAIE LTD.”

At KINAIE LTD, we recommend:

• Using a cloud based software like clearbook or Xero
• Keeping digital copies of all receipts
• Logging income and expenses weekly
• Reconciling bank statements monthly

We also help sole traders understand their allowable expenses, file accurate self-assessments, and stay ready for HMRC audits.