How should I keep my accounts for a small cash only sandwich round business?

there are two sides to accounting- income and expenditure.

Keep receipts for everything you buy, and my advice is to keep weekly or monthly totals. Either get a small business bookkeeping package, or simply total it in an excel spreadsheet.

The key is- do it regularly- and if you find you cant, hire a good bookkeeper who will kick your *** for you and keep you in order.

As for tracking sales receipts- a simple cash book will suffice- just write down sales as you make them if you dont have a fixed location with a cash register.. or total your receipts daily.

Either way, be consistent.

finally- do what you are good at- if you make great sandwiches but cant keep on top of your books- hire someone to do it for you!

This sounds like a pretty simple business - not much inventory, so I'd say write down your total sales (cash received) each day, and also write down all money spent relating to the business (sandwich ingredients, etc.) and keep receipts for these expenditures. This will give you enough information to produce an income statement and complete a tax return at the end of the year.

Look on HMRC website they should haveexampkes but basically you record stock in & stock out and keep all receipts & invoices for that. Record daily takings, wages paid, utilities paid or owing and keep records of everything, also fuel & vehicle costs if you deliver as all running costs will need to go through the business. VAT paid and due or owed etc. If you have a premises the lighting, rental, electric etc. Sandwich packaging. Basically itemise & list all monthly expenditure and earnings (profit & loss) and the website will give you a sample form on how to record this for tax purposes.

Good luck