Member Since: 5th Aug 2011
11th May 2021
Perhaps you would like to share some of your tips as they would be of interest to many here.
For instance, the way we post accounts means that we do not need to create separate excel schedules for accruals, prepayments and the like as the nominal themselves already provides that information. No point in creating the same information twice.
3rd May 2021
Just be aware that it is not possible to move data back to older versions. You can only restore on the same or newer version.
2nd May 2021
For me encouraging clients to prepare something by taking a few pictures on their phone is not strong enough. Too many clients seem incapable of telling the difference between an invoice, proformas, quotes or a statements, and lack excel skills. In the interests of accuracy have you thought about going from bank data?
At least then you can have some confidence and a reduced level of duplications, if the bank is reconciled.
30th Apr 2021
AMLCC, as it provides AML training as part of the package.
Have used credit safe in the past and yes, can be very pushy. They even do that whole office cheer thing when somebody gets a sale. ......but use it against them. If you sit tight after a call or two you will find the price drops like a stone.
28th Apr 2021
Is there an case that the Government in providing these scheme have sort some parity, with the furlough scheme. So whilst significant is not defined, there perhaps is an intention to restore the business owner to 80% of their normal income.
If you take that as read, then on this basis significant would need to be not less than 30% fall in profits.
27th Apr 2021
I can recommend BPP at Bristol - It was a little while ago
25th Apr 2021
To the OP, I would suggest taking a look at your engagement letter with your former accountant.
However if you have the trial balance for the finalised accounts, you have your starting point. Do you really need to reconstruct the previous year.
25th Apr 2021
Thank you for your response. As I am sure you appreciate trying to draw a little on the absolute comment that ledgers/nominal belong to the client.
Having seen a number of questions in this area and the increase lack of clarity between what is the accountants or clients if firms adopt Xero through to Xero tax or Quick books through to taxfiler model, I am updating my letters of engagement to provide a greater level of certainty. As you link says the agreement between accountant and client does provide a level of protection.
24th Apr 2021
Welcome to the Hotel California.....you may check out, but never leave.
24th Apr 2021
It is normal practice to make handover of copies of last accounts and returns, trial balance and supporting information. Clearly bank statements invoices and other paper document of clients absolutely in the ownership of the client and required to be kept, but out of interest do have you a legislative reference which specifically says that extends to nominals prepared by the accountant.