Waited for an hour! - The Book-keepers Forum (UK)

kimmcg · Veteran Member

Waited for an hour!

RobH · Expert

Is the accountant coming to you Kim? If so I would call his office and ask politely if he wanted to re-arrange. I'm sure it is a genuine mistake or something ahs come up and he can't get hold of you for some reason. I'd give him the benefit of the doubt this time.

kimmcg · Veteran Member

No it was at his office and he showed up just after I posted my message.

Was also a very interesting meeting. He is looking to set up a bookkeeping business basically from the accountants as it something they don't offer at the moment. His long term plan is to form a separate Ltd compnay based on this, linked to the accountants. He wants it to be a joint venture between us at the moment and is talking of contacting up to 200 businesses local to me, offering them our services, from which both of us would go and meet them - with him leading the meeting - to sell ourselves. If we get the business he is thinking of a team of around 4 bookkeepers doing this. Has said the accountants offices have plenty of spare space from which we could work from as well as from home, and also said they've probably got a spare Quickbooks license for me as I've only got Sage at the moment. (Bonus!!)

Hope that all makes sense as my head is buzzing from it all - sounds a very interesting idea - so just going to have to wait and see what happens next.

Kim

Amanda · Expert

Good Luck Kim,
Sounds very interesting.

A

RobH · Expert

Sounds very interesting Kim. i wonder what he actually means by joint venture, would you have a shareholding in the new company or does he mean that you will be doing the bookkeeping for the clients of the new company (I suspect the latter). Either way if it takes off you should be first in line for the work, so big well done! Did you talk about your rates?

kimmcg · Veteran Member

My rates would be £15 an hour which he was happy with. He was talking about a partnership if it was a ltd company with him putting the money in and then sharing the profits after he'd taken his money back out - to be honest thats all way down the line so we'll wait and see on that one. Some regular work would just be a nice start to be honest.

Kim

RobH · Expert

Well it could develop into something good with any luck and the rate seeems about right, hope it works for you Kim...looks like you were right to hang around for that hour!! Did he have a plausible excuse for being so late?

kimmcg · Veteran Member

Another appointment that had ran over, but mine was at 9.30am so god knows what time his first one was - which wasn't at his office - either that or it was just an excuse.

I'm glad I did wait - but not going to get to excited just wait and see how things go. I've got another accountant interested as well so will meet with him aswell and see what happens there.

Kim

-- Edited by kimmcg on Friday 26th of March 2010 07:52:44 PM

RobH · Expert

Well done Kim. You must be doing something right...what ae you qualifications/background?

kimmcg · Veteran Member

I did GCSE and a-level accountancy at college as originally that was what I wanted to do - then completely changed track and trained as a teacher. Been teaching 11 years now but only work 2 days a week, as have two children under 5. I wanted something else to do at home to earn a bit of money and found myself go back towards the accountancy side so decided to do a bookkeeping course. Have done the HLC (I know chose a very expensive way of doing it) combined course level 1 manual, 2 computerised and payroll management. Am definitely going to carry on and study for level 3 but need to start earning some money first in order to justify it to my husband.

There, thats me

Kim

Neil · Senior Member

Morning, Kim.

Sounds like a great opportunity. Good luck with it and keep us posted.

Cheers
Neil

RobH · Expert

Hi Kim,

I think a lot of your skills from teaching will be a great help in getting clients, you will be used to talking to people and although that sounds obvious there are plenty of people who just do not get the opportunity to do that, especially in the lonely old world of working from home! I wonder whether A level accountancy would get you any exemptions from AAT...Shaun will know.

kimmcg · Veteran Member

That would be very interesting to know - will have to wait for Shaun

Kim

Shamus · Forum Moderator & Expert

Hi Rob,

not sure about time limits that the AAT may impose on this. I think that the best approach that Kim could adopt would be to take the skills test.

Its a free online test. You only get one go at it and it will tell you what level you should consider joining at.

You can then give these results to potential training providers as evidence that you should be allowed to join at intermediate or technician rather than foundation.

I think that the score for joining at intermediate is anything above 85%.

Its all pretty standard double entry but with twists to make you think about it... It's also on a timer.

Hope that this helps,

Shaun.

Shamus · Forum Moderator & Expert

Hi Kim,

hope that the above helps.

I'm pretty sure that your A level would give you exemption from the foundation level but regardless I would go for the skills test approach as if you are a bit rusty in the test you may feel it better to start at foundation regardless of whether you are allowed to start at intermediate.

Just a suggestion,

Hope that it helps and good luck,

Shaun.

RobH · Expert

Hi Shaun, I didn't know how the skills test worked, I think Neil mentioned it on Bill's post about the job he won't get because they wanted AAT person. I may swat up and look at it myself at some point....we could have a competition to see how many letters after our name we can get and see who can make the funniest anagram out of them...so far I have BA ATT MIPPM... if I could swap two p's and a 't' for one 'n', I get 'I am batman'!

-- Edited by RobH on Saturday 27th of March 2010 12:32:41 PM

Wella · Expert

Rob you forgot the most important one

FTnA
Fellow of The n (n= current number of Amigi (is that the plural of amigo/a?))Amigos/Amigas

-- Edited by Wella on Saturday 27th of March 2010 12:58:58 PM

RobH · Expert

Cheers Bill, not only can I get batman now, but more accurately, Fatman! You can have Phd there and make some really good words!

kimmcg · Veteran Member

Shamus wrote:

Hi Kim,

hope that the above helps.

I'm pretty sure that your A level would give you exemption from the foundation level but regardless I would go for the skills test approach as if you are a bit rusty in the test you may feel it better to start at foundation regardless of whether you are allowed to start at intermediate.

Just a suggestion,

Hope that it helps and good luck,

Shaun.

Thanks Shaun, definitely something worth looking into.

Kim