Start Up Costs

[Rasharoon]

I have gone back through my files and have start up costs of over £400.

Can I just lump the whole lot together or do I have to fill a weekly/monthly sheet breaking everything down. Will take forever.

I have found receipts for lots of things (via eBay) but there are also things were I don't have receipts. I remember going to an NCT sale and spending £50 but having nothing to prove this.

I've waffled but just unsure how to record. Can anybody help.

Thank you.
xx

[crazybones]

For your start up costs I would lump it all together with receipts and jot down anything without a receipt on a post-it and say what it is and cost and no receipt available. After that do it as you go along weekly. If I dont get a receipt for something (even if its for a couple of pound) I jot it down and put it in with the receipts because all these little things add up to a lot over the weeks.

[Chatterbox Childcare]

I agree with Annie but you can write yourself a receipt for items purchased, especially if they add up to a lot

[tulip0803]

I asked the tax man and he said put everything in as "Start-up costs" £400 and keep the receipts seperately(labelled start-up costs) in case you are ever inspected by them.