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Post Info TOPIC: Bookkeeping Side Venture


Newbie

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Bookkeeping Side Venture


Good afternoon all!

I am new here seeking some guidance if possible and being more "involved" within the bookkeeping community.

I have currently just finished AAT level 3 and current work as an accounts assistant for a legal firm.

My aim is to start providing bookkeeping services but although I understand the theory of course, the "getting started" bit is what is holding me back.

Due to my full time job, im unable to shadow or obtain work experience really so im wondering if anyone can help guide me on how to get started with it. I have a friend who has a small café business who has asked me to do there bookkeeping which I feel im capable of doing once ive got the right "set up".

I have surfed the web and a lot of websites give guidance on what software, equipment etc but not any indepth help as such!

 

Many thanks



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Master Book-keeper

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Hi Stephen

Advice - dont touch a cafe as a first customer/with no experience. Usually full of issues. Cash based so attract the attention of HMRC. Payrooll issues abound.

Besides if you are doing AAT then the ethics module should have guided you not to do business with friends, which is actually a good mantra to have in life anyway.

Do you have your AATQB licence - start with getting that if you havent already applied.

Please add your first name so that it appears under the sig bar on your posts - saves people looking it up each time.  (via edit profile, signature)/

 

LOTS on here about setting up - stick to the stuff from 2018.



-- Edited by Cheshire on Thursday 11th of October 2018 02:52:47 PM

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Joanne  

 

Winner - Bookkeeper of the Year 2015, 2016 and 2017

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

 



Guru

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Hi Steven, welcome to the forum

As Joanne says loads of posts on here about setting up and getting started

Good luck



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Doug

These are only my opinions of how I see things and therefore should not be taken as advice



Master Book-keeper

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Hi Steven, and welcome to the forum.

Good advice there from Joanne. 

Unless covered by AAT, you will also need to register for money laundering with HMRC.  Cost is £230 for the first year plus you also need to be an approved person, which HMRC will charge you another £40 one off fee.

As it happens I got my letter confirming I am an approved person yesterday.  Yay, it's only taken 6 months lol.

 



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John 

 

 

 Any advice given is for general guidance and professional advice should be sought applicable to your circumstances.



Guru

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Leger wrote:

As it happens I got my letter confirming I am an approved person yesterday.  Yay, it's only taken 6 months lol. 


 Hi John

My application still pending and not even been asked for the extra £40 for the approval test yet, did they contact you separately about this payment?



__________________

Doug

These are only my opinions of how I see things and therefore should not be taken as advice



Master Book-keeper

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Hi Doug

Nope, I've not been asked for payment, letter has just came totally out of the blue.  It's addressed to my home (well old address) rather than than the business.  I'm at home tomorrow so I'll post it up on here then

 



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John 

 

 

 Any advice given is for general guidance and professional advice should be sought applicable to your circumstances.



Master Book-keeper

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This post was useful for something then - assisting Doug with his MLR. heehee.

Where is Rockett man? Sure you must have something to add to your original post. Dont be shy, we dont bite.

__________________

Joanne  

 

Winner - Bookkeeper of the Year 2015, 2016 and 2017

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

 



Master Book-keeper

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Date:

Cheshire wrote:

Where is Rockett man? 


 Not sure that Reg Dwight posts here Joanne biggrin

Which reminds me I never posted my letter (pun unintended)



Attachments
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John 

 

 

 Any advice given is for general guidance and professional advice should be sought applicable to your circumstances.



Guru

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Posts: 661
Date:

 

Cheers John, good to see that HMRC are on top of it!



__________________

Doug

These are only my opinions of how I see things and therefore should not be taken as advice

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