Member Since: 9th Dec 2009
11th Sep 2013
I want to learn Solicitor's accounts, is it possible for your to get in touch outside this forum. Or you can email me on [email protected] and we shall take it from there.
29th Aug 2013
Accounting is simple & complex if one has a talent to make it. But the thing with accounts is [***] IN [***] OUT, I worked for a practice in India for 5 years; almost everything is adjustment; I worked for practice in UK for 2 years; I mean serious big practice based in London; almost all end up in adjustment.
I will not call myself as Certified Bookkeeper; but I did qualified in 2008 but the fundamental problem with this is business themselves. They cannot afford to deploy full time accountant at site who will be able to see through business clearly and records all transactions correctly. In an ideal world fro peace of mind following formula works.
Business + Fulltime Accountant OR at least a person who know rules of accounting and how double entry works = In this Accountant is link between business and Practice
Accountant + Practice = Here Practice is the link between Accountant & HMRC; hence the formula
Business = Accountant!!
From my 10 years of experience I noticed and learned that if the business employs full or part-time Accountant or a graduate depending on the nature & volume of business; there are immense benefits and everyone will be able to focus on their duties.
Back to topic; if the balances are not correct it is very NAIVE TO blame Sage or any software's; because the person who carried out the work never had a clue what they are dealing with. Apologise if this sounds like lore!!
26th Jul 2013
I am coming from the family where 60% from my family are Chartered Accountants, Company Secretaries, Law Graduate & MBA. My professional career grew up in the midst of Chartered Accountants and based on my observation I would suggest to do a simple search.
See how many people are sitting for CA examinations in UK, USA & India and what is the % pass rate.
Many of my friends in UK appeared for ACCA examinations and no offence I noticed that standard is pathetic. % Pass rate is so easy to get in UK & USA as they do not have interim c.c. papers which will test the nerve of candidate.
From Indian counterpart the more pathetic news if a Chartered Accountant in India wants to migrate in USA he need to have a 16 years of education as studying for CA is not considered for 16 years, where as M.Com person can go to USA or U.K. just because he/she has Master's but practically M.Com stands no where near in comparison to Indian CA's.
The above is just my observation.
2nd Mar 2012
Try one of the following:
First check your chart of accounts & run the report, if it is showing error then you may have to include those nominals missing.Once that is fixed then you TB should be balanced.
All the best.
23rd Feb 2012
Recomended accounting software
Recommendations made by my fellow friends might be true. However, my experience says Sage is able to do what you are looking for say. Multicurrencies, Stock, VAT & Standard accounting systems. I worked in practice for 4 years where we were using Sage & currenctly we are using sage for multicurrency transaction.