NickleIckle
Registered User
- Messages
- 30
Hello!
I have a question about book keeping for small businesses. I have read the sticky posts and links.
My husband has a small cleaning company - he is a Sole Trader, not VAT registered, and has no employees. I know it is not ideal, but our business & personal finances (bank accounts etc) are all together. We usually divide up the relevant expenses by percentage as to private or business.
He has been in business for almost ten years, and employed an accountant at the beginning. However, he found the accountant to be expensive, and he also filed inaccurate tax returns which resulted in us having to pay a lot of extra tax as a result. Anyhow, this being the case, for the past six years or so, we have done all of our own accounts and filed all of our own returns.
Each year, I am striving after the ultimate simple solution for book keeping! I have tried SAGE accounts, and while this is very good, it is far too complicated and time consuming for our small business. This year I have just used a number of simple Excel documents - one listing all income, one listing all expenses. However, I am still finding it complicated at the end of the year when filing my returns to pull out all the right information for the right box in the tax form (I use ROS). I want to be able to easily get a total for each category listed on the f11 form. I also want to be able to get a total for each category, and then the amount of business/private to add back in without spending hours at it.
Now - finally getting around to my question - does anyone else use Excel for their bookkeeping? And if so, would anyone have/be willing to share a template that works well for them? I was planning to sit down and do something myself for 2008s books, but then I figured it would be worth asking if anyone else has come up with a good solution that they would be willing to share first? I am sure a lot of small businesses would appreciate something like this.
I hope that I have explained myself well enough!
Thanks
NickleIckle
I have a question about book keeping for small businesses. I have read the sticky posts and links.
My husband has a small cleaning company - he is a Sole Trader, not VAT registered, and has no employees. I know it is not ideal, but our business & personal finances (bank accounts etc) are all together. We usually divide up the relevant expenses by percentage as to private or business.
He has been in business for almost ten years, and employed an accountant at the beginning. However, he found the accountant to be expensive, and he also filed inaccurate tax returns which resulted in us having to pay a lot of extra tax as a result. Anyhow, this being the case, for the past six years or so, we have done all of our own accounts and filed all of our own returns.
Each year, I am striving after the ultimate simple solution for book keeping! I have tried SAGE accounts, and while this is very good, it is far too complicated and time consuming for our small business. This year I have just used a number of simple Excel documents - one listing all income, one listing all expenses. However, I am still finding it complicated at the end of the year when filing my returns to pull out all the right information for the right box in the tax form (I use ROS). I want to be able to easily get a total for each category listed on the f11 form. I also want to be able to get a total for each category, and then the amount of business/private to add back in without spending hours at it.
Now - finally getting around to my question - does anyone else use Excel for their bookkeeping? And if so, would anyone have/be willing to share a template that works well for them? I was planning to sit down and do something myself for 2008s books, but then I figured it would be worth asking if anyone else has come up with a good solution that they would be willing to share first? I am sure a lot of small businesses would appreciate something like this.
I hope that I have explained myself well enough!
Thanks
NickleIckle