Receipt No. ?

[HMT81]

Sorry another question! In the NCMA accounts book it says receipt no. on the weekly pages. What do I do about Gas and Electricity etc where I just get a monthly statement?

[miffy]

Keep those statements (or copies of them) with your accounts book so that you can show how you arrived at your figures for gas and electricity deductions if you are ever asked

Miffy xx

[aly]

i dont bother with that column, it wasnt on the old accounts book so cant see how it is important....

[glitzygal]

i dont bother with that column, it wasnt on the old accounts book so cant see how it is important....

I agree,,,,,,,,,,,,

dosent seem important, my receipts are stapled togetherin month order so dont see any difference in putting receipt 1.,2,.3 ect

[christine e]

i dont bother with that column, it wasnt on the old accounts book so cant see how it is important....

Me neither - doesn't work for me because I am always finding old receipts and having to go back and enter items at a later date so receipt numbers were all over the place. I have keep each months receipts in separate envelopes and this works better for me

Cx

[HMT81]

Thank you, that's all a great help

[miffy]

I have keep each months receipts in separate envelopes and this works better for me

Cx

I do this too, then put them all together in one envelope at the end of the tax year.

Miffy xx

[MrAnchovy]

Bear in mind that you are legally responsible for keeping your business books and records in order that your income and expenses (and therefore tax liability) can be worked out at any time.

HMRC have threatened that they will be carrying out a large number of compliance checks on small businesses this year (although there doesn't seem to be much evidence of this yet). If you had a visit from HMRC, it would probably be wise to make it look as though you keep everything up to date as you go along and don't go back inserting receipts into April's figures in December

[JulieR]

Bear in mind that you are legally responsible for keeping your business books and records in order that your income and expenses (and therefore tax liability) can be worked out at any time.

HMRC have threatened that they will be carrying out a large number of compliance checks on small businesses this year (although there doesn't seem to be much evidence of this yet). If you had a visit from HMRC, it would probably be wise to make it look as though you keep everything up to date as you go along and don't go back inserting receipts into April's figures in December

Do accounts have to be done in paper form (or have a corresponding paper version) - I was planning to do everything by spreadsheet?

Thanks,
Julie

[grindal]

Do accounts have to be done in paper form (or have a corresponding paper version) - I was planning to do everything by spreadsheet?

Thanks,
Julie

If you put them on a spreadsheet and you are ever asked for a paper copy all you need to do is print one out. Or just e mail it to whoever wants it as an attachment.

[Chatterbox Childcare]

Do accounts have to be done in paper form (or have a corresponding paper version) - I was planning to do everything by spreadsheet?

Thanks,
Julie

Mine are all on a spreadsheet backed up and receipts kept. I only print off my end of year summary.

[JulieR]

Thanks all!

[MrAnchovy]

Do accounts have to be done in paper form (or have a corresponding paper version)

No, although you need to be able to recreate everything if the spreadsheet is lost or corrupted, so think about how you might do this: e.g. expenses from receipts, notes of small items and mileage book, income from receipts book, cross-referenced to attendance register etc. If there is anything missing (perhaps you don't keep a receipts book), add it in to your system.