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geefree

  • Posts: 6180
accounts book. banking.
« on: August 29, 2007, 12:09:39 am »
Why do we have to state how much is banked against the total daily/weekly earnings....
?
only to add the two up at the bottom to get the same total...

does it matter where it goes as long as we are putting down the daily/weekly takings....

is seems a lot of messing around , although i am aware people on huge income and employees to pay, it will make a difference regarding interest earned.

but a small fry like me ..?

geefree

  • Posts: 6180
Re: accounts book. banking.
« Reply #1 on: August 29, 2007, 12:22:56 am »
am deep me lol  :D ;) ;) ;)

dave0123

  • Posts: 3553
Re: accounts book. banking.
« Reply #2 on: August 29, 2007, 10:31:23 am »
I dont,

I just take note of money earned and expenses.. well george does that for me i dont bank all my money.

aslong as you keep records of income - outgoings its ok. unless your LTD


Dave
Dave.

pjulk

Re: accounts book. banking.
« Reply #3 on: August 29, 2007, 03:22:29 pm »
Im the same as dave i don't bother saying about what i banked as i don't put all mine in there.

I just keep records of what i have earnt.
What i have paid out.
And what profit i made.

Never had a problem this way.
Try to keep things simple

or put everything in george and let george do it for you.


Paul

SonOfFormby

  • Posts: 409
Re: accounts book. banking.
« Reply #4 on: August 29, 2007, 03:29:07 pm »
Im the same as dave i don't bother saying about what i banked as i don't put all mine in there.

I just keep records of what i have earnt.
What i have paid out.
And what profit i made.

Never had a problem this way.
Try to keep things simple

or put everything in george and let george do it for you.


Paul

Is George the best bit of software around for organizing all things window cleaning then?

Lee

dave0123

  • Posts: 3553
Re: accounts book. banking.
« Reply #5 on: August 29, 2007, 04:17:07 pm »
Quote
Is George the best bit of software around for organizing all things window cleaning then?

Lee

For the price £50.00 yes its well worth every money spent i no i would be in a mess if i didnt use that.. because a paper system works just got to keep on top of it all, same with george but its alot less hastle.

There are more expensive software for window cleaners which i havent used but for £50.00 one off fee you carnt go wrong.

Dave
Dave.

geefree

  • Posts: 6180
Re: accounts book. banking.
« Reply #6 on: August 29, 2007, 05:51:53 pm »
thanks..

i do use george. but an accounts book has to be essential, then just transfer georges figures to the book. ;D for the main man  ::)

dave0123

  • Posts: 3553
Re: accounts book. banking.
« Reply #7 on: August 29, 2007, 06:13:07 pm »
I dont do that..



Just print out my reports for my accountant.. shes happy with that..

you mite as well just use the book if thats how your going to do it lol



Dave
Dave.

geefree

  • Posts: 6180
Re: accounts book. banking.
« Reply #8 on: August 29, 2007, 07:49:00 pm »
technology is fine and i use it.

but a book is a real record, with receipts attached... not easily lost or deleted.... its an essential and trustworthy back up....

for a sole trader of course.

George Systems

  • Posts: 391
Re: accounts book. banking.
« Reply #9 on: August 29, 2007, 07:53:23 pm »
but a book is a real record, with receipts attached... not easily lost or deleted

I'm not sure that's true - a fire would do it.

Our Internet Backup system is a bit more reliable than that...

Paul

geefree

  • Posts: 6180
Re: accounts book. banking.
« Reply #10 on: August 29, 2007, 07:54:28 pm »
and its  a record to keep for years...

you know how it is with a pc... crash bang boom..internet back up.. oops no.. gone bankrupt etc... cd back up... its scratched...

book? oh thank god.

lol ::)

geefree

  • Posts: 6180
Re: accounts book. banking.
« Reply #11 on: August 29, 2007, 07:57:16 pm »
its still sensible to be safe, i think... thats why i use both... i may not if i had 10 men working for me... but on my own,. i have the time, it makes me feel better. lol

Gary.

dave0123

  • Posts: 3553
Re: accounts book. banking.
« Reply #12 on: August 29, 2007, 08:12:23 pm »
Well... just print your records each month?? or week then??? and keep them in a file same as a book?

as paul said you got internet back up! put it into your email or memory stick anything:| keep one in your house one somewere else!

even if you loose records from 3 years ago you can print them again.

All am saying is theres not much point putting it all into george then writting it down! just keep it in george easy as that.

Dave
Dave.

geefree

  • Posts: 6180
Re: accounts book. banking.
« Reply #13 on: August 30, 2007, 09:04:28 pm »
Hi dave,

what do you print off?

weekly , monthly , daily?

how do i get onto the bit the tax man needs, to print off and file it?

cheers.

dave0123

  • Posts: 3553
Re: accounts book. banking.
« Reply #14 on: August 30, 2007, 11:40:11 pm »
i dont print anythnig daily week;ly or even monthly ;D


just at the end of the year i print my Finance report givinv - Total turnover - expenses - and profit... thats all your accountant should need..

atho i do print off the finance report and expenses to be put into folder for keep safe. also so i can check i have all my recepts and invoices and not lost any.;

Dave - ps sorry about spelling slightly drunk atm ;D

Dave.

dave0123

  • Posts: 3553
Re: accounts book. banking.
« Reply #15 on: August 30, 2007, 11:43:14 pm »
Ohh!!

And just setup your expense types like you would in a book well thats how iv done it (eg)

Motor expenses
equipment
stationary
empoyees wages
sundries
etc
Dave.

mark dew

  • Posts: 2901
Re: accounts book. banking.
« Reply #16 on: August 31, 2007, 12:03:14 am »
you can buy flash drives for backing up data very cheaply now.


http://www.saverstore.com/products/savastore/?pageType=cat&keywords=storage

Re: accounts book. banking.
« Reply #17 on: August 31, 2007, 12:13:06 am »
i dont print anythnig daily week;ly or even monthly ;D


just at the end of the year i print my Finance report givinv - Total turnover - expenses - and profit... thats all your accountant should need..

atho i do print off the finance report and expenses to be put into folder for keep safe. also so i can check i have all my recepts and invoices and not lost any.;

Dave - ps sorry about spelling slightly drunk atm ;D



It's best to have weekly but a min of monthly. If you get a tax investigation the will want you to prove how you got to the figure. If you cant then they can dissagree with you & start estimating.

I had a investigation years ago but a mate of mine had one that finished 6 months ago & they wanted daily but because he only had weekly in the end the had to go with that. Hes been told now to keep daily as thats what they want.

I use Window Cleaner Pro & it does the lot so i print off full accounts to the day.

Macc

dave0123

  • Posts: 3553
Re: accounts book. banking.
« Reply #18 on: August 31, 2007, 12:53:01 am »
i can do this if i want?  i could print on all the records since i started either weekly monthly daily..

dave
Dave.

petski2

  • Posts: 652
Re: accounts book. banking.
« Reply #19 on: August 31, 2007, 08:18:45 am »
Its all a matter of personal preference :)
I have George but dont use the accounts side of it. :)
I have a simplex D book,fill it in every Sat morn (10 mins max).
Income,outgoings and what I pay myself,staple reciepts to page and thats it done. ;D
Give to accountant at end of year ;D