Business bank accounts

A balance sheet shows a summary of what your business owns or is owed (assets) and what it owes (liabilities) at a particular date.

Keeping accurate financial records is both essential for the management of your business and for submitting annual accounts.

You’ve done your research and you know your idea has got legs. But before you decide if starting a business is for you, it’s vital that you understand the costs involved in setting up, and work out if you have the budget to cover these.