The company (not accountancy firm) I work for intends to start preparing final accounts for small companies. Given the fact that different companies use different accounting software (i.e Sage, Quickbooks etc), Can we use Sage Accounts Production to prepare accounts say for 20 small companies that use various accounting software?
I have only used Word and Excel to prepare final accounts before so I am not particularly sure how to go about it when it comes to preparing accounts for clients that use different accounting software.
Your comments and opinion will be greatly appreciated.
Regards
Ellyxris
Replies (8)
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I don't know!
You haven't provided enough information for me to judge!
Is there a knowledgeable person within the company that knows what is involved in providing these services to the public.
practising cert
You will only need a practising certificate if you are a member of an accounting institute that requires it. PII is not a legal requirement (but highly recommended) but is a requirement of most accounting bodies (i.e proof of PII is part of the Practising Cert application).
As for SAGE final accounts prep - I have been advised that you can import a TB from Excel so as long as you are able to export TB's into Excel from the other accounting packages you should be fine.
Personally I use VT final accounts which is Excel based and so far have no complaints about it.
Ellyxris - generally speaking any monkey can prepare unaudited accounts. No ability or qualifications required what so ever, its a completely unregulated market. Your cat can do it.
The issue however to check with the ACCA is your position in all of this. If they are holding you out as an ACCA but acting in a firm without a practising cert then I think you will run into hot water.