Accounting for non-accountants
Plain-English answers to the questions every UK founder eventually asks.
Accounting for non-accountants: the plain-English guide for UK founders
You don't need to be good at numbers to run a business. This plain-English guide maps the few numbers that matter, the UK deadlines, your entity type, and when to get help.
Read the guide →“What is…” basics
- What is a balance sheet? (explained without the jargon)A balance sheet is a snapshot of what your business owns and owes on one day. Here's what it means in plain English — with a UK example, why your numbers matter, and what investors expect.8 min
- What is a P&L (profit and loss) in plain English?A P&L shows whether you made money over a period. Here's every line explained in plain English — revenue, cost of sales, gross profit, overheads and net profit.6 min