Re: minimum accounting requirements
I agree with Today Only. The meetings I've had with my accountant were priceless, and the first consultation was free. After that, I only meet once a quarter to go over my books to ensure I'm expensing things appropriately.
If you want a broader picture of your business such as monthly reports and reconciliations, P&L, accruals etc, you could always use an online or simple business accounting software.
Otherwise as a sole trader, it does seem that even an excel spreadsheet with your monthly intake, less expenses, and bank reconciliation is primarily what's needed.
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