Quote:
Originally Posted by BroadswordWSJ
Hired an accountant who I just pay a fee every month to do my books.
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Level 3 diploma in small business financial management.
That's what I done so I'd be able to do my own accounts & save money. It was one evening a week for 8 - 9 months, 80 hours. I think it was a couple of hundred quid. It covers 8 modules..
Keeping of records, VAT, payroll, the preparation and interpretation of final accounts, taxation and reporting to HMRC, costing and pricing of products, management of working capital and financial planning and control.
I've no idea how much hiring an accountant is per month, but a qualification like this would save you this cost.