The administrative side.
WHAT TO RECORD
Every invoice issued Every payment received
Your own costs: reseller plan, tools, domains
Client domain purchases and what you charged for them
WHY
Tax obligations, and knowing whether the business is actually profitable.
SEPARATING FROM YOUR OTHER WORK
If you also do design or development, track hosting revenue and costs separately.
Otherwise you cannot tell whether hosting is worthwhile.
A BUSINESS BANK ACCOUNT
Separate from personal. It makes everything easier and is usually required for payment gateway settlement.
DOMAIN PURCHASES
These pass through you. Record what you paid and what you charged.
The margin on domains is small; know what it actually is.
GETTING HELP
Speak to an accountant about what you must keep and for how long.
For business registration, our support team can assist. Open a ticket and ask.
WHAT NOT TO DO
Reconstruct a year of records at year end. Record as you go.
