1st month done

**daisyboo1980** · 02-10-2009, 10:59 AM

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

**singlewiththree** · 02-10-2009, 11:50 AM

Originally Posted by daisyboo1980

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

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

**LisaMcNally09** · 02-10-2009, 02:57 PM

I dont think im spending enough

Just done my months accounts and im in profit by £100!!!

Mental note to self>>>>>>>>>SPEND MORE MONEY!!!!!!

**grindal** · 02-10-2009, 02:58 PM

Originally Posted by LisaMcNally09

I dont think im spending enough

Just done my months accounts and im in profit by £100!!!

Mental note to self>>>>>>>>>SPEND MORE MONEY!!!!!!

Or at least write down you are spending more

**Chatterbox Childcare** · 02-10-2009, 04:40 PM

If this includes your setting up fees I don't think you have written off enough. I have pm'd you

**Trouble** · 02-10-2009, 04:42 PM

well done

**daisyboo1980** · 02-10-2009, 08:31 PM

really stupid question but i havent actually took a wage do i need to write that in to the account

**Carol** · 02-10-2009, 09:51 PM

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.

**Minstrel** · 03-10-2009, 07:46 AM

Being self employed you dont really get a 'wage'. Just all the profit is yours to keep!

**miffy** · 03-10-2009, 04:51 PM

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

**daisyboo1980** · 03-10-2009, 05:25 PM

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 ??

**Chatterbox Childcare** · 04-10-2009, 08:21 AM

Originally Posted by daisyboo1980

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 ??

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.

**LisaMcNally09** · 04-10-2009, 09:11 AM

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!

**daisyboo1980** · 04-10-2009, 11:04 AM

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

**miffy** · 04-10-2009, 12:47 PM

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