The importance of accurate accounts for a business cannot be overstated. Recording profit and loss, sales, running payroll and calculating cash flow are all an integral part of running a business, so will need to be done right.

Accurate accounts will help you:

• Write an effective business plan
• Secure sources of finance
• Avoid fines and penalties for inaccurate accounts
• Calculate tax returns and may save you money
• Keep limited companies in line with HMRC requirements

Made Not Born has two ways you can keep your business accounts to a high standard: