I am doing book keeping for Sole Trader who is registered for VAT. I would appreciate some reassurance that I am doing what I should be doing...this is what I am keeping records of:
Keeping receipts for expenses, that is petrol, client expenses in relation to food/drink. Have put these on a monthly spreadsheet.
Doing monthly bank rec's
Will be starting this month (as only registered for VAT from Jan), doing VAT analysis for VAT returns.
Obviously keeping files on creditors/debtors.
The Sole Traders account will be doing end of year accounts. Just want to make sure that I am doing all that I should be doing.
The Sole Traders account will be doing end of year accounts. Just want to make sure that I am doing all that I should be doing.
Be aware you cannot deduct for input vat on petrol or food and drink expenses.
It will get to 2nd March and I won't be able to access my information without paying them more money and I don't understand their justification for this. I don't want their support, I've never had their support and I'm happy carrying on as I am with the software that I PAID FOR?
Hi there
I'm in the process of setting up my own business (ltd company) and have found the comments re the financial software very useful. I was wondering if anyone has a good reference site that tells you what is deemed an expense for the business.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?