Member Since: 29th Jun 2021
24th Nov 2021
I'm grateful to everyone for your replies.
Seems we're performing to the same standard as many others are doing by checking the nominal ledger to correct misposts and then reconciling the client's TB output through our working paper summaries and control accounts.
Interesting that so many practitioners try to align their clients' accounting software to the resultant accounts. I have three issues with that:
1. That's the bookkeeper's job, so for DIY directors who've saved themselves £3k on the cost of a bookkeeper and spent the year importing cr+p from their bank downloads then I'm certainly not going to put error/omission/mis-post matters right in their accounting software for a few hundred quid (although I will adjust for them in my working papers).
2. It's a lot of extra work trying to get to the bottom of sales and purchase ledger discrepancies, dragging information from the client and figuring out just what they did wrongly. Thankless as well. If a client has overpaid or undercollected they need to set aside some hours to correct matters (or hire a bookkeeper) or, alternatively, write it off as their loss in their accounting records.
3. Say you were to get the client's accounting records running in tandem with your statutory accounts, why would the client then need you to produce the next accounts? Surely they'll be off to the nearest sausage factory, or pushing the DIY accounts button themselves!
1. In your example yes thats fair enough but generally thats not how we work, the lines are more blurred these days and we often become involved in the book-keeping, and where we have not done the book-keeping we expect it to be 95% correct and we would go into the software to correct anything at source, quicker, easier, keeps a nicer audit trail.
2. AP and AR - provided the aged reports agree with the nominal, just run an aged debtors/creditors and ask the client to investigate, always works for us
3. IMO that will very rarely happen, clients just do not have that ability or confidence, if they do good luck to them.
But one thing I would say here is that it is now more important then ever than you are talking to clients a few times a year, dipping into the software, providing suggestions, making corrections in year - the more times you do that during a year, the more they value what you do and the less likely they are to try it themselves.
If you show them that you are not just clicking a few buttons but you are providing advice (sometimes advice they didn't realise they needed) why would they do it themselves?
23rd Nov 2021
We might have worked that way in the days when the only clouds we knew about were the dark menacing kind and the occasional white fluffy variety but in these more enlightened times it sounds to me as if you are making more work for yourself by not solving the issue at source - ie get the book-keeping right and everything else follows much quicker and easier. IMHO thats the key to being able to provide a reasonably priced service
23rd Nov 2021
Bit confused - Why would you not just get the TB correct in the first place and then download it?
Of course it depends on the client and what control accounts you are talking about, I certainly would not just rely on the TB from the client but makes more sense to get it right at source, there might be the odd bit of excel work work required for one of the control accounts sometimes but usually it can be done in the software
23rd Nov 2021
If you were taking on a new client I am sure you would wish to know whether or not they were a good payer or not, thats just a standard commercial reference request that might influence your offered terms.
ML - no just ignore that
20th Nov 2021
I would go AAT, but more important is the work experience you can get
19th Nov 2021
How do I do this I tried imputing my agent code from and was told it would not work. I have phone the online support and they informed that the self-assessment side of the ASA is not yet active.
Have you copied across all your VAT and SA authorisations from your old login? You do that by following the link on the ASA
18th Nov 2021
Yes we had the same issue and taxfiler support were no help at all, you can only connect one agent account to taxfiler at a time, that is to say so that you can a) view HMRC SA data and b) file VAT returns, so connecting it to the old agent login will not work for VAT so you need to connect the new ASA.
But you will also need to ensure that you have copied all your clients across to the new ASA even though you do not use that new ASA for anything SA related.
The issue previously mentioned about not having a passport etc I logged with an Agent Manager 4 weeks ago who has still had no response from online services
18th Nov 2021
maybe, maybe not, impossible to say without looking at the accounts and knowing the client
15th Nov 2021
Excellent made me go away and find this -https://www.rossmartin.co.uk/sme-tax-news/5619-companies-claim-form-for-...
14th Nov 2021
we always write a letter as well, only way it ever gets processed