Heeeellllpppp!!!


M

Mark and Sara

Can anyone help me - I am taking over a small family business accounts as
the person who usually does it is getting on a bit!!
I have no experience in such matters but have been advised by our accountant
to use EVRITE 707 wkly traders book
Can anyone tell me where you are supposed to put any working tax credit paid
by the govt for the employer to pay the employee - where do i enter it?
Also we don't operate a petty cash - everything (ie stamps/fuel etc) is paid
from the till and rung as a paid out - is this shown on other receipts or is
it on the payments page as an expense?
If so how do i show the till had the extra money ? Do i have to show the
extra money at all as long as the till receipt balances with the
cash/cheques etc?
Sorry if this is athick question but I need all the help i can get!!
TIA : (
Sara
 
T

Troy Steadman

...I have no experience in such matters but have been advised by our accountant
to use EVRITE 707 wkly traders book...
Your accountant is an idiot, don't take his advice. If you tell the
group what sort of businss you are im they will give you better
suggestioms.



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M

Mark and Sara

Troy Steadman said:
Your accountant is an idiot, don't take his advice. If you tell the
group what sort of businss you are im they will give you better
suggestioms.
We are a family owned & run boatyard/marina and I'd really appreciate any
help with this question (See above)
TIA
Sara
 
P

Peter Saxton

? On Sat, 2 Jul 2005 20:44:23 +0100, "Mark and Sara"
Can anyone help me - I am taking over a small family business accounts as
the person who usually does it is getting on a bit!!
I have no experience in such matters but have been advised by our accountant
to use EVRITE 707 wkly traders book
Can anyone tell me where you are supposed to put any working tax credit paid
by the govt for the employer to pay the employee - where do i enter it?
Also we don't operate a petty cash - everything (ie stamps/fuel etc) is paid
from the till and rung as a paid out - is this shown on other receipts or is
it on the payments page as an expense?
If so how do i show the till had the extra money ? Do i have to show the
extra money at all as long as the till receipt balances with the
cash/cheques etc?
Sorry if this is athick question but I need all the help i can get!!
TIA : (
Sara
Your accountant advised you to use this book and presumably you are
going to give the book to your accountant. You'd be better off asking
your accountant.

My suggestions:

You receive working tax credit into the bank so I would put it as
other bank receipts.

Show petty cash expenditure as a cash payment. It's not "other
receipt".

If you're entering the weekly balance in the till then the accountant
should know to add back any payments.
 
T

Troy Steadman

Mark and Sara said:
We are a family owned & run boatyard/marina and I'd really appreciate any
help with this question (See above)
The Evrite book allows you to record transactions. What it doesn't do is
allow you to total them, nor have I ever seen it (or its close
cousin the Simplex book) used to produce reconciliations. To reconcile
everything every week is a nonsense anyway and what your accountant
will be left with is...nothing. Nothing for all that work than he
wouldn't have had if you'd simply given him the invoices and bank
statements and let him sort it out for himself!

Consequently I'm guessing he is not a "proper" accountant.

Think carefully about whether money is coming in to you or is money you
are paying out. Then think "Is it trading income or expenditure?" Keep
your invoices (and everything else) bound in a strict nothing-missing
sequence, write on each invoice when it is paid (moving it from an
"unpaid" pile into a "paid" pile can be an effective method of credit
control). Keep a list with monthly totals. Don't leave *anything* out
because *everything* will have to be identified at soem time, and the
best time to do that is now!

Write on the bank statments what each cheque and lodgment is for. Keep a
list (in Excel preferably) of Petty Cash expenditure. Separate the
business entirely from your private lives, a business bank account is
well worth the extra cost. Look around for a decent accountant and he
will be able to extract your accounts frpm that lot. Plus you've saved
yourself £9.99 on the Evrite :)


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Can anyone help me - I am taking over a small family business accounts as
the person who usually does it is getting on a bit!!
I have no experience in such matters but have been advised by our accountant
to use EVRITE 707 wkly traders book
Can anyone tell me where you are supposed to put any working tax credit paid
by the govt for the employer to pay the employee - where do i enter it?
Also we don't operate a petty cash - everything (ie stamps/fuel etc) is paid
from the till and rung as a paid out - is this shown on other receipts or is
it on the payments page as an expense?
If so how do i show the till had the extra money ? Do i have to show the
extra money at all as long as the till receipt balances with the
cash/cheques etc?
Sorry if this is athick question but I need all the help i can get!!
TIA : (
Sara
mark and sara good evening, i need ur help regarding your some quotes at current forum as below
"You can turn Instant Accounts into Line 50 Financial Controller just by
changing one 200B registration file."

i want to switch from instant account to financial controller but i am unable to find this reg file which u told, can u help me please ?

please reply me urgently
i am badly stucked and no option other than ur words, plz help .

regards
Luqman
 

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