There are many different accounting systems on the market. Lots of thoughts went through my mind as I am sure you can imagine. I have decided to take on some additional staff but not sure that I can afford them, mainly to help with the design work and the office admin, I also want more info from my accounts, can you point me in the right direction for some software?” His question to me was, “I’m growing, or at least I think I am, I seem to be working all the hours, but I am can’t tell which project is really making a profit or for that matter a loss. He usually spends about a day each month compiling information for the accountant to work on. At the end of a quarter his accountant completes his VAT return, and in turn his annual return. His accounts have been simple to date, excel spreadsheets have allowed him to keep track of the jobs, create a basic sales invoice for his clients and a running list of invoices from his suppliers and subcontractors, with a column indicating paid/unpaid, another spreadsheet that he uses to keep a running total of the bank account.
His company is in interior design, his clients are predominately small business, offices, shops etc. What accounting system should you choose?Ībout 4 months ago I was contacted by a gentleman that had been passed my name by a network contact, he has been running his company for just over 5 years, a “one-man band” using sub-contractors.
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