Embed Size (px)
DESCRIPTION
Citation preview
Financial Record KeepingFinancial Record Keeping
Emily Coltman ACA - Chief Accountant
Kevin McCallum - BizDev Director
Who?Who?
Must!Must!
Ltd Co/LLP
Assets, Liabilities, Income & Expenditure, Stock
6 years
Life of asset
Soft/scanned copies acceptable
Must!Must!
Non Ltd Company
Ability to complete tax return and answer any associated questions arising
No prescribed format
Must!Must!
• ...be able to complete your tax return, and answer any questions arising and have records accessible to HMRC if required.
Should...Should...
Plan to be organised
Be organised!
Take time to understand processes
When?When?
Expenses TaxExpenditure
Why?Why?
Why?Why?
How?How?
Here’s one we prepared earlier...
Where? Where?
Cloud/Internet/Web/SaaS/ASP/Online
Why? Why?
Connected
Scalable
Up-to-date
Backed up
Real-timeCollaborative
User-focused
Actively developed
Vibrant ecosystem
Available
Any platform
Cost-effective
Simple
Secure
Time savingEfficient
Why? Why?
V
Complexity
Friction
Single-purpose
Closed
Sophistication
Flow
Multi-purpose
Open
Why? Why?
Connected
Scalable
Up-to-date
Backed up
Real-timeCollaborative
User-focused
Actively developed
Vibrant ecosystem
Available
Any platform
Cost-effective
Simple
Secure
Time savingEfficient
So...So...
Day -1
Know what you need to do
Plan to be organised. Be organised!
Keep information accessible
So...So...Avoid dead-ends and bad habits!
Use best tools available
Let us know if you would like to trial FreeAgent free for 3 months:
Enjoy!
•?
