Hi, I am a self taught bookkeeper who has been doing my own accounts on Sage for 12 years, but have just taken on some work for another company. By there own admission, their books are in a bit of a mess. They do not have paper copies of their invoices, just hard copies backed, and currently input into Sage from their bank statement. I have always worked the other way round, and then reconciled to the bank statement.
Do you think I should be asking them to print off all invoices? I am worried about accounting incorrectly for VAT, and any mistakes not showing up!
Yo Dalbir, sorry I did not catch up with you later at the SSA2010, I had to go early and see my kid - but thanks so much for finding me there and saying Hello :)
As you say, electronic records are fine.
In Mel's case there is nothing to work from other than a bank statement, so it is vital the source docs are available in one form or another (paper or electronic).
