I can only speak for using Xero.
If the client pays, they set up a user login for one or more of our team. They can remove that whenever they wish.
If the practice pays, you can transfer the responsibility for the subscription to the client. They have to accept
this or it stays with you but I've not had one refuse. If they did I'd export the data and cancel.
If the client ceases we simply export the general ledger to an excel file and cancel the subscription. Takes less then a minute.
Very interested in the "I will export and cancel". Do you have any best practice advice when exporting data from Xero as I have a client that no longer wants to use Xero and I want to ensure I have all the data and reports that I might need for the future.
Clearance Letter Templates
Hi, I am just starting off in practice and struggling with what needs to be on the Clearance Letters. Are there any templates available to assist?
I have been asked to take on a clients book-keeping. VAT, Payroll, Accounts production and Self-Assessment.
Any help would be appreciated please.
Not worth being in practice
As someone who is thinking about setting up on my own I now question whether or not this is worth it. Why would I pay: £165 professional membership, £150 practising certificate, £200 PII etc etc etc. What would be the point of being a member of an accounting body at all?
Hi, I am also struggling to get my head around and setup in excel the lead schedules. Is there a listing of what the headings and references might be?
Many thanks for any help you can provide.
John Snowden wrote:
I set up a very simple 'list' spreadsheet template a while ago, basically just to record bank transactions and aiming to mirror the bank account. Half a dozen columns or so, no analysis columns necessay. Some clients have found this incredibly useful, and I have also found the format surprisingly useful in the accounts compilation stages.
Would you be willing John to send me a screen shot so I know how to set it up?
I am really interested in your comments about VT.
I am just starting my own practice and struggling on how to get the clients manual paper system into final accounts. I know I need working papers but do I just create these in excel in whatever fotmat I think and then post them as a journal to VT final accounts?
Would appreciate any help and advice available.
I just wanted to ask, I have used Excel for producing accounts but would like to use something like VT or TaxCalc etc.
I am new to this so what do you use for the Journals to enter into the final accounts system. Do you create spreadsheets for say Bank Payments and then one for Bank Receipts etc etc etc.
Any ideas would be appreciated as all my clients use paper based records.