[Kev Martin]

Boring I know but I have just gone limited and need a bit of advice.

I currently use aworka which I great and will continue to use for scheduling etc  but I would like to use a a stand alone accounts package.  Preferably free but definitely cheap.

What do you all use?

Spreadsheet?
Software?  Cloud based? Quickbooks etc?

Thanks for your help.

I use an accountant.  I simply don’t have the time or the inclination.  For the annual cost they are worth their weight in gold in my opinion.

But surely you give him a spreadsheet? Not just a pile of receipts?

Nope he deals with it himself.  Everything is on our main computer and I provided him with a MAC in his office with unique access to any programs he needs.  He also has a member of staff as a contact for anything he can’t resolve, then all other loose receipts, letters etc are scanned and placed in his box which he empties regularly.

So effectively he is your book keeper as well as accountant. For a window cleaner using Aworka all sales are automatically recorded via the planner, it’s then just a case of entering expenses as they arise and bob’s your live in lover. Books booked! Your business is a little more complex than ours.

Does that mean you don't want to talk to me anymore?

God forbid! 

I'm just saying that you have goods and services. You therefore have a more complicated business model and a simple system like Aworka that works fine for us, probably wouldn't work for you.

OH!  That’s OK then I thought you were shunning me because you had joined the Motorhome Set and you weren’t talking to lowly Caravanners.

[John Mart]

Boring I know but I have just gone limited and need a bit of advice.

I currently use aworka which I great and will continue to use for scheduling etc  but I would like to use a a stand alone accounts package.  Preferably free but definitely cheap.

What do you all use?

Spreadsheet?
Software?  Cloud based? Quickbooks etc?

Thanks for your help.

I use an accountant.  I simply don’t have the time or the inclination.  For the annual cost they are worth their weight in gold in my opinion.

But surely you give him a spreadsheet? Not just a pile of receipts?

Nope he deals with it himself.  Everything is on our main computer and I provided him with a MAC in his office with unique access to any programs he needs.  He also has a member of staff as a contact for anything he can’t resolve, then all other loose receipts, letters etc are scanned and placed in his box which he empties regularly.

So effectively he is your book keeper as well as accountant. For a window cleaner using Aworka all sales are automatically recorded via the planner, it’s then just a case of entering expenses as they arise and bob’s your live in lover. Books booked! Your business is a little more complex than ours.

Does that mean you don't want to talk to me anymore?

God forbid! 

I'm just saying that you have goods and services. You therefore have a more complicated business model and a simple system like Aworka that works fine for us, probably wouldn't work for you.

OH!  That’s OK then I thought you were shunning me because you had joined the Motorhome Set and you weren’t talking to lowly Caravanners.

We're all pikeys together.

[֍Winp®oClean֍]

WOW. I just tot up my income from an A4 diary, tot up my expenses and then input the said values into the relevant boxes within online self assesment. Make a basic accounts satement in MS Word to accompany the figures. Takes about 3  to 4 hours and 2 cups of coffee every year! 
Oh, and it's free too!!
My previous accountant charged over £400 just to input MY figures into the online form!! Screw that!!👊👊

[John Mart]

WOW. I just tot up my income from an A4 diary, tot up my expenses and then input the said values into the relevant boxes within online self assesment. Make a basic accounts satement in MS Word to accompany the figures. Takes about 3  to 4 hours and 2 cups of coffee every year! 
Oh, and it's free too!!
My previous accountant charged over £400 just to input MY figures into the online form!! Screw that!!👊👊

Not an option for limited. You need audited accounts.

[Pete Thompson]

Not an option for limited. You need audited accounts.

You only need audit if 2 of the following apply:

- Your turnover exceeds £10.2 million
- You have assets exceeding £5.1 million
- You employ more than 50 people

Unless of course a bank or finance company that is lending to you requires them.

[֍Winp®oClean֍]

Not an option for limited. You need audited accounts.

You only need audit if 2 of the following apply:

- Your turnover exceeds £10.2 million
- You have assets exceeding £5.1 million
- You employ more than 50 people

Unless of course a bank or finance company that is lending to you requires them.

Most on here seem to meet those criteria!!

[John Mart]

Not an option for limited. You need audited accounts.

You only need audit if 2 of the following apply:

- Your turnover exceeds £10.2 million
- You have assets exceeding £5.1 million
- You employ more than 50 people

Unless of course a bank or finance company that is lending to you requires them.

I used the word "audit" loosely. Every limited company has to submit accounts and even if not a legal requirement for an accountant to prepare them (I thought it was) not many non accountants or specialists would be able to do it. So doing it yourself  isn't really an option and the cost of preparing these needs to be taken into account in deciding whether it's worthwhile to go limited. I always did my own tax returns incidentally.