Poll: Do you do your own bookkeeping?
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Jun 3, 2011

This forum topic is for the discussion of the poll question "Do you do your own bookkeeping?".

This poll was originally submitted by Monika Jakacka. View the poll results »



 
Mary Worby
Mary Worby  Identity Verified
Reino Unido
Local time: 03:51
alemão para inglês
+ ...
Book-keeping vs. accountancy Jun 3, 2011

I keep my own books, inasmuch as I do all my own invoicing and record all financial transactions, etc. But the figures are all sent off to our accountant who submits tax returns and does all the other official paperwork.

 
John Cutler
John Cutler  Identity Verified
Espanha
Local time: 04:51
espanhol para inglês
+ ...
Ditto Jun 3, 2011

Mary Worby wrote:

I keep my own books, inasmuch as I do all my own invoicing and record all financial transactions, etc. But the figures are all sent off to our accountant who submits tax returns and does all the other official paperwork.


My method exactly (and the the expense of paying for an accountant is well worth it).


 
David Wright
David Wright  Identity Verified
Áustria
Local time: 04:51
alemão para inglês
+ ...
Same here Jun 3, 2011

The end of year accounts would just take up more time during which I can earn enough to pay the accountant.

 
Interlangue (X)
Interlangue (X)
Angola
Local time: 04:51
inglês para francês
+ ...
Here too Jun 3, 2011

I did all of it when I first started as a freelancer.

As a company now, I only collect and sort bills, pay and get paid, and take care of the monthly invoicing. My accountant does the rest: VAT, tax return, annual report and accounts, etc. He keeps up to date wih the ever changing laws and regulations, saves me lots of trouble and money.


 
Michael Harris
Michael Harris  Identity Verified
Alemanha
Local time: 04:51
Membro (2006)
alemão para inglês
write the bills Jun 3, 2011

and make the monthly tax paxments myself but the big stuff is done by my accountant as he knows all of the tricks to getting out of paying too much tax. And he has to always be up to date with the ongoing tax changes made here in Germany.

 
wonita (X)
wonita (X)
China
Local time: 22:51
A matter of principle Jun 3, 2011

David Wright wrote:

The end of year accounts would just take up more time during which I can earn enough to pay the accountant.

Do everything myself - bookkeeping and tax return paper, because I don't want accountants to earn money from me.


 
neilmac
neilmac
Espanha
Local time: 04:51
espanhol para inglês
+ ...
Other Jun 3, 2011

I'm in the same boat as Mary and John... etc. because I know my own failings.

I can just about manage to keep a list of jobs done and the corresponding invoices, but I am not very good at admin (in fact, am rubbish at it) and am liable to forget to bill for some things, especially revisions. In fact, I have to do 2 bills ASAP, have been meaning to do so for 3 weeks now, but although the work was from the same client, the bills have to go to 2 different institutions, and I keep putti
... See more
I'm in the same boat as Mary and John... etc. because I know my own failings.

I can just about manage to keep a list of jobs done and the corresponding invoices, but I am not very good at admin (in fact, am rubbish at it) and am liable to forget to bill for some things, especially revisions. In fact, I have to do 2 bills ASAP, have been meaning to do so for 3 weeks now, but although the work was from the same client, the bills have to go to 2 different institutions, and I keep putting it off, simply because I always find something more pressing or interesting to do. Like right now.

Nor do I trust myself to do my own tax returns, as I'd doubtless be paying over the odds if I did so, which is why I let a "gestor" (agent) do that for me as well as any other things involving Spanish bureaucracy.
Collapse


 
Celine Gras
Celine Gras  Identity Verified
França
Local time: 04:51
inglês para francês
+ ...
Yes, for now... Jun 3, 2011

I have been doing my own bookkeeping and accountancy ever since I started, but this year is the first year I felt a bit overwhelmed.
Not by the amount of my earnings but by the many changes and new stuff I have to do.
Now is the time when I might start doing mistakes, so I am considering contacting an accountant.


 
Allison Wright (X)
Allison Wright (X)  Identity Verified
Portugal
Local time: 03:51
Do my own Jun 3, 2011

Once my VAT exemption expires, however, I fully expect that I shall use the services of an accountant. VAT could easily lose its acronym status, in my view, and become a four-letter word.

 
Maria Teresa Borges de Almeida
Maria Teresa Borges de Almeida  Identity Verified
Portugal
Local time: 03:51
Membro (2007)
inglês para português
+ ...
Same here! Jun 3, 2011

Mary Worby wrote:

I keep my own books, inasmuch as I do all my own invoicing and record all financial transactions, etc. But the figures are all sent off to our accountant who submits tax returns and does all the other official paperwork.


 
Renee Mazloum
Renee Mazloum
Espanha
Local time: 04:51
Membro (2008)
francês para inglês
+ ...
Do my own bookkeeping and taxes Jun 3, 2011

I have always kept my own books and used to hire an accountant to do my quarterly and annual taxes, but this year I decided to learn the ropes and start doing them myself. After all, I keep a record of everything, so it isn´t that much extra effort to just tally up the numbers and fill out the forms. I visited the people at the tax authorities and did a bit of reading about what I am required to do. I don´t particularly like doing administrative work, but it doesn´t take long to get the hang ... See more
I have always kept my own books and used to hire an accountant to do my quarterly and annual taxes, but this year I decided to learn the ropes and start doing them myself. After all, I keep a record of everything, so it isn´t that much extra effort to just tally up the numbers and fill out the forms. I visited the people at the tax authorities and did a bit of reading about what I am required to do. I don´t particularly like doing administrative work, but it doesn´t take long to get the hang of it. A little time invested is worth the money it saves me.Collapse


 


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Poll: Do you do your own bookkeeping?






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