Member Since: 7th Sep 1999
28th Oct 2019
We have tried this with HSBC but it seems that only an admin user can reconnect so having read only access will not work for HSBC. I do not know if other banks have similar issues.
16th Aug 2019
We had one client many years ago when I was an audit manager that literally jumped up and down sometimes when he did not get what he wanted and also threatened to beat up audit juniors. He was basically a coward that tried to get his own way by intimidating people.
He once tried to threaten me. I calmly told him where he can shove his threats and walked out. He was livid. By the time I got back to the office I was taken off that audit whichj was a good result for me as no one in the office liked to work for that client.
10th Jun 2019
I think a lot of people who advise accountancy as a career for people on the spectrum heavily underappreciate just how much social interaction is required by the career. Being able to speak to clients comfortably and being able to diplomatically and clearly explain problems and information are a key part of the job so you need to be able to handle this on at least some level.
However I know some people with autism find this a lot easier than others. Our practice's most recent junior hire is on the spectrum, but he seems capable of handling that side of things.
We have an employee that we believe is on the spectrum. He is an extremely intelligent persona and a very good accountant and auditor. He learns very quickly. The only issue is interaction with other people. He will only interract properly with some staff and clients. He is very productive but we have to manage his interaction with clients.
24th May 2019
Thanks. That is useful.
21st Nov 2018
A client started getting reminders for a company that went into liquidation nearly 3 years ago!
11th Apr 2018
You could buy an off the shelf company that was incorporated in 2017, change the year end to December 2017, then use the rule to align with a group company.
Incorporation agents keep a few companies that they have incorporated earlier although the cost will be a bit more than £12.
26th Feb 2018
I find that Xero is easier to use but prefer QBO for the more complex businesses as it has more segmentation of data (classes that work like departments, locations and projects), and the reporting is extremely flexible as each report can be customised in many different ways.
Bank feeds on QBO are only good with some banks and not reliable with a few banks. Natwest, RBS and Lloyds work very well, HSBC works usually but has an issue at least a couple of times a year and you get duplicate or missing transactions when the issue is fixed, Barclays seems to be very difficult and I have resorted to just importing CSVs which can be done easily.
I prefer to recommend Xero if it is the right system for the client and only recommend QBO if extra functionality is required. A couple of my complex client groups have moved from Xero to QBO because of better reporting and functionality.
19th Jan 2018
I would not file estimated accounts as it is unethical.
I had one potential client where the accountant was filing abbreviated accounts every year near the filing deadline. The balance sheet was identical to the comparatives so it looked like the company had been dormant and there was no disclosure to say these were estimated accounts. A few months later, he would file amended accounts with just the word "AMENDED" written on the cover page and no explanations or disclosures of what the amendment was.
I was amazed that the accountant was putting his full details in the abbreviated accounts. It was an ACCA firm.
23rd May 2017
We need to get back to using the computers we used in the 80s and 90s without internet connections. Put a floppy disk in the post when HMRC ask for digital records!
11th May 2017
I now have confirmation that the accounts were prepared and filed by the accountant. He does the bookkeeping as well but struggles to get information from the client.
It was stupid of him to add the firm's name to the accounts.
I have decided not to take on this client.