Author Archives: diyaccounting
Accounting And Audit Exemptions For Small Companies In The UK
To qualify for being able to file shortened accounts a small company should satisfy at least two of three conditions. The three exemption conditions prior to April 2008 were that annual turnover is less than 5.6 million pounds, balance sheet … Continue reading
DIY Accounting Payroll Software Questions And Answers
HMRC will advise the new tax code change from 543 to 603 which was announced in May 2008 and the date the new tax code to be applied which is expected to be September 2008. The amended tax code is … Continue reading
DIY Accounting Software Installation Questions And Answers
Client asked for user name and authorisation code or password when attempting to download accounting software. The client is probably attempting to login to the paypal site or has found another area on the website where a user name and … Continue reading
DIY Accounting Cabsmart Taxi Driver Accounts Software Questions And Answers
Do I have to enter mileage and vehicle running expenses in my taxi accounts. Entering the mileage covered by the taxi is optional as the cabsmart package automatically chooses the most expensive cost which produces the lowest tax liability for … Continue reading
DIY Accounting Small Business Accounting Software Questions And Answers
A number of questions are asked by clients either before purchasing or after downloading the accounting software. Many of these questions and the answers are the same the most typical of which are produced here. Why is the monthly profit … Continue reading
Small Business Accounting Software Selection And Priorities
The best choice is often dependent upon the size of the business and the employment of full time accountants, accounting staff, bookkeepers or management of the accounting records by the proprietor. Every business needs to choose the most appropriate accounts … Continue reading
Getting Paid On Time And Debt Recovery When The Credit Crunch Bites
Undoubtedly the best credit control initiative is to arrange the sales invoicing such that customers pay up front for goods and services. Despite care taken to exercise credit checks on new customers the actual payment experience is often more valuable … Continue reading
Small Business Accounting Software Equals Simple Bookkeeping Spreadsheets
Accounting software is used by accountants to enter many complex financial transactions into the financial books of account and is almost invariably based upon double entry bookkeeping principles. A major advantage to those companies and the finance staff is the … Continue reading
Basic Bookkeeping For Small Business Can Save Money
Basic bookkeeping consists of recording the prime business transactions of sales, purchases and cash. The accounting documents supporting and evidencing these transactions being called prime documents which are entered into the business books by a bookkeeper. Sales Invoices A sales … Continue reading
UK Accounting Reference Dates For Private Limited Companies
When a private limited company is incorporated companies house advise the company of the accounting reference date and a set of financial accounts are required to be made up and submitted from the day of incorporation to this accounting reference … Continue reading