just gone self employed

[s.varty]

You will need an accounting book. Your accountant will show you how to fill it in. Basically, you put all your receipts (work done) on one page and all your outgoings (expenses) on the other.

 

Make your accountants work as easy as possible. Number all receipts so he can cross referance them in your accounting book.

 

Yeah, good advice:thumbup1:

[salter]

im a student so any money i have i dont like spending,and if i can save money by doing it then i will,thanks all for the advice,is there any advice on what a invoice should and shouldnt have

[Chris Sheppard]

I found having a small (A6 size) book to list all invoices in with dates, amounts, when paid etc was a handy little thing s it meant I could keep track of what was outstanding at a glance and it made it easier for keeping track of things.

 

I used to have an accountant but did my own tax return last year - it wasn't half as scary as I was expecting and saved me the usual £400 bill from the accountant.

 

Keep all your receipts and if you can, get into the habit of putting them in date order as you go.

 

Try and keep all your bank statements/receipts/invoices all together too - saves hunting stuff down when you do your accounts.

 

Get yourself a separte account for your business stuff - you don't legally need to have one but it makes things so much easier to keep track of.

 

Also, try to only pay yourself once a month rather than keeping dipping into your business account - again, it makes it so much easier to keep track of when you come to do your accounts (which in my case is usually late January so takes some working out at the best of times )