New Client - Hair Salon

Discussion in 'Accounts & Finance' started by kirstie27488, Jul 19, 2010.

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  1. kirstie27488

    kirstie27488 UKBF Newcomer Free Member

    27 0
    Hi There,

    I have been approached by a salon which has asked me to look after there books.

    The salon has been open for many years and has now just been bought by a new owner.

    To start me off, will i need to ask for a list of all his fixed assets etc?

    Any other comments would be helpful.
    Posted: Jul 19, 2010 By: kirstie27488 Member since: Apr 6, 2010
  2. Stretchy

    Stretchy UKBF Big Shot Full Member

    4,454 1,403
    With respect, if you need to ask, should you be doing their books?

    Not wanting to pick an arguement, but if I found out after starting to use a bookkeeper, that they came on to a general business forum, asking questions like that, I would be concerned.:)

    As I said, its a genuine question, how come you dont know the answer yourself?
    Posted: Jul 19, 2010 By: Stretchy Member since: Jun 11, 2010
  3. MyAccountantOnline

    MyAccountantOnline UKBF Legend Full Member

    13,337 2,506
    That depends on what work you will be doing.

    If it's just basic bookkeeping why not work together with the clients accountant.

    It will potentially save your client time and expense and make your job and the accountants job much easier.

    It also does no harm at all to have a good working relationship with the clients accountant.
    Posted: Jul 19, 2010 By: MyAccountantOnline Member since: Sep 24, 2008
  4. elainec100@cheapaccounting

    [email protected] UKBF Newcomer Full Member

    13,267 2,882
    Have you got a terms of reference & engagement letter for what you are being asked to do?

    I think this is a good starting place as it will clearly define what you are taking on.

    Are you also doing payroll, vat returns etc?
    Posted: Jul 19, 2010 By: [email protected] Member since: Nov 4, 2005
  5. Bri

    Bri UKBF Big Shot Free Member

    3,045 599
    Like Stretchy, I partially agree. Kirsty, you started your business in April this year, is this your first client?

    Firstly nothing wrong in asking questions, no such thing as a stupid one.However better it asked on here than in front of the client, additionally you came on here asking for referrals, I feel you may get a shortage of offers from here until you've amassed a bit more experience and knowledge.

    I always have a checklist, a handy aide memoire that I use from enquiry through to order.Its amazing when you dont use it something always slips through the net.
    Posted: Jul 19, 2010 By: Bri Member since: Oct 9, 2008
  6. Stretchy

    Stretchy UKBF Big Shot Full Member

    4,454 1,403

    Completely agree, nothing wrong at all in asking questions, What I think is obvious, some people have no idea about and that works both ways.

    What I was getting at is that I would think it should be something you should know, if you are trading as an accountant or bookkeeper.

    For the record, I dont know what the answer is.:)
    Posted: Jul 19, 2010 By: Stretchy Member since: Jun 11, 2010
  7. SteveSJ

    SteveSJ UKBF Newcomer Free Member

    5 1

    Yes, you should most definitely ask for those details.
    Posted: Jul 20, 2010 By: SteveSJ Member since: Jul 19, 2010

    ADS-MARKETING UKBF Newcomer Free Member

    283 31
    You will find most answers to your questions on the HMRC website. I would suggest working with your clients accountant to ensure you get all the information right for the client.

    I work with my clients accountants as it ensures nothing goes untouched.

    Good luck with your business!:)
    Posted: Jul 20, 2010 By: ADS-MARKETING Member since: Feb 19, 2010
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