Recent content by Rehan Durrani

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    Becoming a bookkeeper

    Bookkeeping is a lot like a craft, it's generally best learnt by doing lots of it in the "real world"/hands on. Unfortunately there is no substitute for working on actual company books. The more of it you do, the more scenarios you encounter - the better you get. AAT Level 2 is very entry...
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    Does business name have to be the same as limited name ?

    As above, 'Limited Company' name does not necessarily have to be the same as the 'trading name'. Just make sure the trading name doesn't go against 'The Business Names Act 1985'. In short avoid using a trading name which has already been taken by another company and possibly has a trademark...
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    Business Account Speed of Opening

    In recent years, we have found Barclays, Santander, Lloyds to be quite similar. Natwest and HSBC have been of the slower ones. Our most recent client had their bank account set up within 2 weeks with Barclays.
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    Collating Invoices / Receipts

    There are really two main options that work quite well. Storing: In terms of storing, it depends on preference. Some like to have hard copies of the records and find it easier to look at, others prefer digital. 1) Digital: As mentioned above, if you opt for scanning the documents, ensure you...
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    Business current account - business plan required?

    Just to add: For all of our recent clients, whether they have been existing customers of the respective bank or first time customers - in all cases there was no business plan required.
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    Business current account - business plan required?

    Over the last couple of years there have been some major changes in the way the banks are dealing with businesses when initially setting up - but as explained above, a lot of it is more "ticking the box" to ensure the bank has investigated the individual and business to some extent prior to...
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