Accounts

[Anonymous]

Hi,

I have recently started up as a sole trader, but how should I be doing my accounts?

Thanks,

Shakuna

 

[Ozzy]

Thats a bit of an "if and maybe" questions to be honest, because if you only do a couple hundred pounds a month turnover then on paper or in Excel will do. Sage Line50 for a small turnover is way over the top.
It depends on how many transactions you do a week/month, and what your turnover is.

 

[nmprobinson]

Even a very large company could in theory keep all their records on excel.

It not only depends on the number of trasactions it also depends on the type of company and what information they require from their records.

See www.yorkshireaccoutnancy.co.uk/bookkeeper for some low cost spreadsheet solutions.

You could also have a look at VT software who supply very good low cost bookkeeping software.

 

[BMS]

Nicholas

I wouls agree that excel solutions bay be appropriate for low volume transaction orientated business, but I would have to say that a specialist software package would more more appropriate to larger companies.

Personally I have never come accross anyone LTD companies using excel.

What about spreadsheet security, excel by its very nature is dynamic and is open to reconfiguration..