Accounts

Discussion in 'Managing Your Business' started by mark2788, May 24, 2016.

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  1. mark2788

    mark2788 Active Member
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    How does everyone do there accounts? I thought keeping receipts and using bank account statements to do tax returns was enough but I'm finding its not? Do you just write it in a book and any examples would be greatly appreciated
     
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  2. Green Pro Clean Ltd

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    I use Cleaner Planner. With the app there is an expenses button. Just enter what you spent and store the receipt.
     
  3. mark2788

    mark2788 Active Member
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    We usually use our statements as it shows every in and out of the business when doing tax, weve found it to be easier as you can't forget or mistype a wrong entry that way?
     
  4. adamangler

    adamangler Wakefield Window Warrior
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    Yep just use bank statements. Only thing that gets paid into business bank account is money from business sales so I know whatever has come in that year is my income plus any cash jobs that I count up from my invoice book.

    As for expenses I keep all receipts and check my statements over for business expenses. Anything that doesn't have a physical receipt I find the online transaction.

    Then I calculate my mileage and home use and add everything together. Last year it took me a full day about 8 hours to do my tax return from start to finish. That's double checking everything and getting it all in order etc. I also like to print everything out and put it in a binder rather than just have digital records so I know I've got a physical copy of that years return
     
  5. Mr and Mrs window cleaner

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    I've learnt a lot from reading a book called 'Small Business Accounting' by Andy Lymer. Got it on amazon for a few quid and I'm not implementing what I learnt.


    Sent using the Window Cleaning Forums app
     
  6. Mr and Mrs window cleaner

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