Em81

I have bought Sage Instant Accounts, have registered with Companies House, the VAT and Inland Revenue.But after this, I know I need to keep my 'books' but not sure where to even start! Does anyone have any advice please?

hugglybubbly

It would be easier (and more cost effective in the long run) to hire someone for a couple of hours a week (depending on how busy your business is and now much invoicing, etc. is done on a daily/weekly basis) to do your 'books' and keep them in order... it will cost you dearly in the long run if they are not done right

clarry

You could have a one off consultation with an accountant for some advice. I think the most important thing for now is to keep every single receipt related to your business....and maybe start a small basic ledger with ins and outs and a balance.

DaveJ

Hire an accountant!NOW!They know what to do which is why they are qualified to do it!Trust me... they will actually SAVE you money in the long run!

jagborisverige

you need paper back-up for all incoming money and all outgoing money.Outgoings:keep all receipts for purchases, and services.Record on the receipt how the item was paid.Make sure all cheques have been written up correctly.Cross check all these purchases against the bank statements.Save all this paperwork.Incoming:Have paperback up for all money received - so have a copy invoice for your item sold and record how and when payments received.Cross check all payments banked against these copy invoices and record on both invoice and statement bank references regarding the payment.Do this and then get your accountant or someone to show you how to record it. It's hard to say on the computer how to do all this , but as long as you have kept all paperwork and record all your expenditure you will still be able to record it in Sage once shown.Hope i have managed to help a bit!

jenifer1

Success of a business is depend upon it's financial status.If the financial status of a business is good then the growth of the company is better.In a small scale company financial status play most important role.To mange your account you can hire a Bookkeeper.Now days a lot of organization that is offering Online Bookkeeping Services.Bookkeeping is very important for all organization or company even a small one also.In the company their are a lot of quarry regarding accounts or finance & a professional bookkeeper can resolve all issues regarding accounts.Now days their are Online Bookkeeper also available and these can be very helpful for Small companies because in that case their is no need to hire a bookkeeper specially & that's why these are in budget also.Any quarry regarding Online bookkeeping plz visit www[.]accountsteam4u[.]com[.]au

Asxinvestor

There's so much work involved when running your own business. If you can afford to outsource the work then do so because it will allow you to focus on making money.