Accounts

[donnadoo2004200]

Please help Im so confused. I only started minding Jan 5th. I thought I would take a look at my accounts book today and enter what I already have. Well I have closed it and not entered a thing im sooooo confused. I have lots of receipts from sep 08 when I started collecting things for childminding books,toys etc. Where do all these receipts go in the accounts book? and also my house bills I pay my electric on a key meter so dont actually get a bill just pay as I go so how can I have receipts for this although I know how much I spend each week. Pleeeeease someone help me soon.

[tulip0803]

Hi

Sorry I cannot help with the key meter but all the other stuff that you bought before you started minding add together and put down as start-up costs - that's what the tax man told me to do. sure someone else will come along soon with to help with the meter

[sarah707]

You need to be able to show a tax man (if you are questioned) that you pay the bills.

Now with something like gas and electricity, you can show you pay because you have to or you'd freeze / not be able to cook etc.

So long as you put down what you pay then take the percentage as advised here you're fine!

http://www.hmrc.gov.uk/manuals/bimmanual/bim52751.htm

Follow tulip's advice for the things you bought before minding started

[donnadoo2004200]

Thanks so much I feel a bit better now. I will have another look tomorrow.
I dont know what I would do without you guys xxx

[tinkerbelle]

hi my sister hs the key meter and when she tops up the shop gives her a reiept for it ask them for one i know they can be ysed to prove you have paid in cases where the money doesnt register on the key