Is this ok? 1st timer bookwork

Discussion in 'Managing Your Business' started by BenjiRixon, Jun 26, 2015.

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  1. BenjiRixon

    BenjiRixon Active Member
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    Hey guys
    This is the first time I've done book work, and since going on my own decided to transfer it all onto PC. I don't want anything overly complicated with graphs and stuff just something that can be shown to tax people ect.

    Is this layout ok? And ample enough? Plan on getting an accountant to do my tax returns for me tho. Many thanks

    image.jpg
     
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  2. joe90i

    joe90i Member
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    All I would say is the dates as you've got 1st till 7th then 7th till 14th so the 7th day do ur adding the takings twice if u get me


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  3. Alien Human

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  4. windowsurfer

    windowsurfer Forum Addict
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    Make sure you back up files on separate usb stick or something in case computer packs up.
     
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  5. daveyboy

    daveyboy Legend
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    I have one now i have been working on with formulas that you can use to list all your customers with address phone no etc and then enter when you are paid and it gives you monthly totals
    Just use the blank template to make a new one each month with a little cut and paste
    I actually use it as my complete database of work to do by using it as week 1-10 to cover my 5 weekly and 10 weekly jobs
    I will post a small template. .anyone who can use excell just put it on formula view and insert more lines as needed and copy paste the formulas..
     
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  6. BenjiRixon

    BenjiRixon Active Member
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    Thanks for all the help guys. It's much appreciated. It's a bit daunting at this paper work when not done it before but like everything should get easier as I go on.

    I've got a folder divided into months with all receipts of the out goings but nothing for incoming as yet as would have hundreds of bits of paper left to add up!

    I'm ok on the ol' computers me so sounds good daveyboy

    :)
     
  7. I split my business expenditure up. Mileage, phone, advertising, consumables etc

    Also, you don't pay tax on the first ten grand ish. Soooo you won't know what percentage tax to pay until the end of the year.
     
  8. daveyboy

    daveyboy Legend
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    I treat it like i am taxed on everything and after my tax return it is a good bonus รบ
     
  9. Gav

    Gav Grand Master
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    I remember reading somewhere that it was always good go say 30% of what ever you earn each month to cover tax. Not sure if that is about right though.
     
  10. daveyboy

    daveyboy Legend
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    About 23%covers tax and ni with a little left over due to the tax threshold of 10k a year
    25% and you can't go wrong..also should have a little bit back that you can treat yourself with
     
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