Many businesses, usually small, sole traders or small limited companies, often find the task of keeping books and accounts daunting. The process of keeping accurate records which are acceptable to His Majesty’s Revenue and Customs without the use of an accountant can and does often lead to problems. This Revised edition of the concise guide will prove invaluable for all those in business. The reader should find the process of bookkeeping and preparation of accounts made that much easier. No prior knowledge of accountancy or bookkeeping in general is assumed.