Bookeeping for different industry sectors
Are some sectors easier to do the bookeeping than others?
Note I am not talking about simple one man band type businesses but ones employing a few people who maybe want their bookeeping doing.
Eg I would characterise retail and leisure/hotel/restaurant as quite difficult due to the need to reconcile cash takings and also keep tabs on credit card receipts. Most software packages need a bit of adapting in respect of the latter.
Also construction industry clients due to the need to process CIS both in respect of customers and subbies paid by the client. This I find a real chore tbh, with all the deadlines and opportunities to cock-up.
Conversly I find both service industry and wholesale clients pretty easy as its just sales ledger, purchase ledger and salaries.
Any other partuicularly good or bad industries?
- Garden studio - tax and VAT deductible? 25 1
- CT treatment of staff entertainment for overseas staff 64 2
- Increasing the personal allowance: A top priority? 1,026 41
- Is Accountancy Becoming like an Insurance Policy 491 4
- Auto-enrolment - Fees 214 2
- Joint Property rent 133 3
- Self assesment losses 236 7
- Anyone know about Cloud-Based Practice Management Software? 178 6
- Now the phishers have baited their hooks with SAGE 211 1
- Fee protection 846 16
- Overdrawn DLA 240 9
- Disposal of an opted property 127 2
- Sage Bank Reconciliation 235 5
- Irish Taxation 85 1
- If I repay my Directors loan, will I haveto pay tax on the profit ? 3,110 31
- CIS monthly declaration 191 9
- Telephone call from "Xero" 358 4
- Form 2.8b notice of intention to appoint administrator 128 3
- Companies House incorporation service 471 14
- Electronic v printed payslips 140 1
- Xtuple 560
- Qtac payroll for bureau 382
- Confused - Professional Association a Mutual trader, or not? 333
- Industrial & Provident Societies 322
- Domain name sale and limited company 222
- Director legal fees in loose connection to the company 203
- Italian friend wants to set up a UK company to reduce taxes 202
- Investment 202
- Tax on damages received 171
- Multiple bodies and practicing certificates 157