Knowledge Centre Category: B

Bookkeeping

Bookkeeping is the ongoing process of recording all financial transactions in a business, forming the foundation of accurate year-end accounts. Green Accountancy uses Xero to support clients with bookkeeping, reporting and real-time financial visibility.

Basic Rate Band

The basic rate band is the portion of your income taxed at the lowest income tax rate, currently covering income between £12,571 and £50,270 (2026/27). Making full use of your basic rate band each tax year — for example, by timing dividend payments carefully — is a key part of the tax planning Green Accountancy carries out with clients.