With self assessment season on the horizon and client information trickling in, John Stokdyk and Rachael Power look for new ways to tackle incomplete records jobs.
In a post-self assessment survey of 250 AccountingWEB members last February, 32% of respondents said they were interested in finding a better system for dealing with clients’ incomplete records.
Shoeboxes, black bin bags and other containers of dubious documentation still make regular appearances at accountancy firms. Especially during January, when advisers are least able to deal with the time-consuming drudgery it takes to work a jumble of statements, invoices and receipts into a workable set of accounts.
For most accountants (or their patient bookkeepers) this means entering the data into an application such as Sage, VT Transactions or, dare we mention it, Excel. Surely in this technological era, there must be a better way?
This article picks up the challenge laid down by our members earlier this year and examines various approaches and technologies to help firms deal with incomplete records.