For many small businesses, one of the most unpopular aspects of being your own boss is the dreaded accounts.
Dealing with your accountant, the tax man and submitting VAT returns, can take up valuable time, which can
be better spent actually running your business and generating new sales.
However, financial records must be kept and many commercial accountancy packages can be complicated and quite daunting for anyone without financial training - the software can also be expensive!!
In my experience of over 10 years in the accountancy industry, many small business owners only want to record
monies in & monies out without the complexities of double-entry bookkeeping, control accounts and trial balances.
Therefore I have designed a number of spreadsheets specifically for my own clients, to ease the burden of bookkeeping.
The enthusiastic response from my clients gave me the idea to design additional spreadsheets and supply them to other small businesses.
Most of the spreadsheets are designed for the various VAT schemes available to small businesses, such as the cash VAT scheme, flat rate scheme and the second-hand margin scheme.
There are also spreadsheets for Non-VAT registered businesses and some for sole-traders which include a built-in tax and national insurance calculator so that throughout the financial year you can keep track of the liability which will be due on your trading profit. |