Which accounting method do you use/ did you use when starting out

What is the best accounting method for start up online sellers/ below VAT threshold

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fab4

Free Member
Mar 3, 2012
68
1
This question goes out to all small online sellers who are just starting out/ are in business but below the VAT threshold. I'd be also interested in votes from bigger sellers. What do you think is the best accounting method for start up online merchants.
 
A

arnydnxluk

I'd say cash is the easiest to deal with. However if you plan on turning over more than £82k at any time in the near-ish future, you might as well begin doing things "properly" with accrual accounting rather than getting comfortable and having to change your processes later.
 
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