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Post Info TOPIC: Financial Year??
shellie


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Financial Year??
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Hi
I have a question about financial year on SAGE, I have just received a new client who is a builder, and I have been given last years books to put onto sage, and I am having a brain block, for the life of me I can't remember which is the start of the financial year, the reciepts I have are for April 2007 to April 2008.  so does the start of the financial year on SAGE April to April or April to May????

Got myself very confused weirdface

Shellie

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Richard67


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Hi Shellie,

I would check with your client, as at the moment you have a 13 month year, but I suspect that it will 1st April till 31st March, or it could be May 1st till 30th April, he may even be more precise and be 5th April till 4th April to coincide with the tax year. Hope I havn't confused things even further.

Hope this helps

Richard

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Richard Cole

www.feldon-bookkeeping.co.uk
email: info@feldon-bookkeeping.co.uk
shellie


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Hi Richard

Mmm yes you have confused me a little, I will start the financial year from April 2007, as I have gone through all his receipts and that is when they start - should have looked there first - sorry.

One more question if you don't mind, he is a builder and he had work subcontracted out to him from someone else, I have all his pay slips for the whole year from the contracter, the builder I am doing the books for is it still under CIS, or not? The pay slips have the deduction on, how do I put them into SAGE? sorry that was two questions.

Thanks

Shellie



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Summer


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Hi Shellie

The link below is from a post on this forum regarding a similar query on how to account for CIS.

http://www.book-keepers.org.uk/forum.spark?forumID=106474&p=3&topicID=15955913

Summer

-- Edited by Summer at 22:19, 2008-07-23

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shellie


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Hi Summer

Thanks for that, the link was really helpful.

Thanks again

Shellie

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