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The Book-keepers Forum (UK) -> General Book-keeping & Accounting -> Legal and Proffesional Category
Post Info TOPIC: Legal and Proffesional Category
Noola


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Legal and Proffesional Category
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I have taken over the bookkeeping from the previous person that worked here and it is manual on excel.

We have an area for income, area for expenditure then a seperate box for the bank reconciliation and a box for sundries - the sundries box items are extracted from the sundries column in the expenditure area.

Going back to 2009, legal and proffesional items had their own column and were not added to the sundries box. Meaning that the sundries column total and box total were the same.

But as from 2010 the column has disappeared and the legal and professional items were added to the sundries column but not to the sundries box.

Would it be better to add the legal and professional column back in?

Sorry if this doesn't make any sense.

How do others run manual accounts?

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MarkS


Expert

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Hi Noola

Would suggest you contact your accountant who will prepare the year end accounts to find out what they would recommend.

Whatever you can do that makes things simpler for them will mean they can do their job quicker and should result in fees being reduced.

MarkS

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Mark Stewart CA

http://stewartaccounting.co.uk/

Providing accounting, bookkeeping, payroll and tax services to small and medium sized businesses across Central Scotland and beyond.
HendyPhilhendy


Guru

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To be honest it is up to you!

I personally would separate the Legal and Professional as the accountant will want to include these in their own caption on the Profit and Loss. They also generally need looking at for tax purposes.

__________________

Phil Hendy, The Accountancy Mentor

Are you thinking of setting up your own practice or have you set up and need some help?

If so a mentor may be the way forward - feel free to get in touch and see how I can assist you. 

 
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