Basic accounting for idiots

[Kung]

First post newbie.
We are on the cusp of launching our small catering business, we both struggle massively with even basic technology, but need to set up some kind of accounting system.I will be "doing the accounts" (Mrs doesn't read and write English very well), so need some kind of system that is "idiot proof". As a matter of personal preference, I would choose, calculator, pad and pen. Initially there will just be 2 of us, but we envisage taking on 2 staff by winter 2019-2020.

 

[Newchodge]

While you are small, calculator, pad, pen and a good filing system for the paperwork can work. However, as you are planning to growyou will need either to be able to use some form of technology or to pay someone to do it for you. You obviously have access to a computer and can use the internet, so that is a start.

No system is entirely idiot proof, but for a start it might be worth looking at your local colleges and see if they offer any training. At this stage, don't spend or commit to a huge amount of money on accounts software.

 

[Mark T Jones]

https://www.amazon.co.uk/Accounting-Dummies-John-Tracy/dp/1118482220


With the roll-out of online filing you’re probably best starting off with a recognised package such as Xero or Quickbooks.

 

[MyAccountantOnline]

First post newbie.
We are on the cusp of launching our small catering business, we both struggle massively with even basic technology, but need to set up some kind of accounting system.I will be "doing the accounts" (Mrs doesn't read and write English very well), so need some kind of system that is "idiot proof". As a matter of personal preference, I would choose, calculator, pad and pen. Initially there will just be 2 of us, but we envisage taking on 2 staff by winter 2019-2020.

You are going to need to keep some good accounting records and at some point it is very likely you will have to keep them digitally. The Government already insist some VAT registered businesses use software for record keeping.

My advice is to get a good accountant and ask them for advice on bookkeeping - they may be able to offer you bookkeeping as part of the service they offer or recommend a good bookkeeper.

Don't leave it until few months down the line, it's something you need to sort when you start.

 

[Kung]

You are going to need to keep some good accounting records and at some point it is very likely you will have to keep them digitally. The Government already insist some VAT registered businesses use software for record keeping.

My advice is to get a good accountant and ask them for advice on bookkeeping - they may be able to offer you bookkeeping as part of the service they offer or recommend a good bookkeeper.

Don't leave it until few months down the line, it's something you need to sort when you start.

Many thanks. Will definitely look into this

 

[MJ Holohan]

Definitely look at some online accounting packages although you can probably make do in the meantime if cashflow is very tight. Although you will incur book-keeping costs anyway. As per Nicola above you should budget for some accounting costs anyway as will make your life alot easier!!