Clear Books

Double Entry Accounting is a form of recording financial transactions for businesses. In its most basic form double entry accounting is a system where a...

I spent months of my life staring blankly at accountants trying to understand why income was a credit, but a bank account with lots of money in it was a deb...

Properly setting up your financial reporting periods is crucial for automating your year-end process. This guide explains how to manage these periods and wh...

You can use fuel scale charges to work out how much VAT to pay back on fuel if you use a business car for private purposes. This means you do not have to ke...

Deferred revenue refers to advance payments a company receives for goods or services that are to be delivered or performed in the future. The company receiv...

In cases where you have raised the invoice but have not yet delivered the goods or services, you are able to utilise accrual dates so that the revenue is re...

If you have an invoice for a customer and a bill from this same contact you can use the steps below to make a contra payment. First, you will need to cr...

Step 1. Head to Purchases > Bills > Create a bill > Enter all the required fields marked with an asterisk. Step 2. Mark the deposit b...

This guide outlines the steps within Clear Books an expense can be accounted for that is due to be paid sometime in the future. Step 1. Navigate to the...

Banks will often process multiple cheques as one receipt of money.  To make the process of allocating cheque payments in Clear Books easier, you can cre...