well just finished my first months account took me 3 days but its done sort of no wat i am doing and it looks like i made £3.00 pounds after working 45 hour weeks wonder wat i'll spend it on
well just finished my first months account took me 3 days but its done sort of no wat i am doing and it looks like i made £3.00 pounds after working 45 hour weeks wonder wat i'll spend it on
heaven = bar of galaxy
wow you have done well I've been working since Dec last year and had a huge deficit when I submitted in April this year, my Brother-in-law did it for me and was so sorry for me I just told him it was to be expected.
How about a nice bottle of wine or bar of chocolate
Paula
I dont think im spending enough
Just done my months accounts and im in profit by £100!!!
Mental note to self>>>>>>>>>SPEND MORE MONEY!!!!!!
If this includes your setting up fees I don't think you have written off enough. I have pm'd you
Debbie
well done
One life live it
really stupid question but i havent actually took a wage do i need to write that in to the account
heaven = bar of galaxy
No, its just your outgoings not your wage. At the end of the year you are allowed to earn just over £5,000 which isnt taxed.
Being self employed you dont really get a 'wage'. Just all the profit is yours to keep!
I'd have expected you to make a loss too on your first month if you've included all your start-up costs.
Hope Debbie's sorted it out for you
Miffy xx
i did make a loss found loads of reciepts that i missed have to add them in
i so dont like this side of childminding did u all find it hard in the beinging ??
heaven = bar of galaxy
You need to find a system to put all in receipts in one place.
I have an A5 diary and each day i write in where I have been and what I have spent, including receipts. This allows you the freedom to do your accounts months later if you want to and you will have all expenses and mileage to hand.
Debbie
I put all my start up costs through for August as thats when I bought the majority of it so because i had earned no income in August the loss was quite large!
im going to have to get better organised though its hard when u havent a clue thank goodness for here or i would be lost of to redo august accounts hopefully for the last time lol
heaven = bar of galaxy
I have an envelope for each month of the year and I put my receipts in those then at least they're all in one place.
It does get easier.............................
Miffy xx
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