I have just qualified in February 2010 in levels 1 and 2 computerised bookkeeping with the ICB and have a practice license, as an associate member I know that I can't do end of year adjustments or produce final accounts. So my question is should beware of anything else.
I have just qualified in February 2010 in levels 1 and 2 computerised bookkeeping with the ICB and have a practice license, as an associate member I know that I can't do end of year adjustments or produce final accounts. So my question is should beware of anything else.
Thank you
Raymar
You can for sole traders though - just not limited companies or partnerships.
You will need to gain the manual versions of your qualifications as well by September 2011. You can't do payroll until you pass the payroll management diploma. You can't do self assessment tax returns until you've passed that exam. Some people don't want to do those anyway.
An easy way to see what you can and can't do is put your postcode into this page and locate your own name. Assuming you have activated this directory thingummyjig.
Here's what I'm allowed to do having passed the manual bookkeeping Level II.
ICB licensed Services (actual services may differ) Self Assessment Tax
Bookkeeping to Trial Balance
Cash Flow Forecasts
Credit Control
Preparation of Final Accounts for Sole Traders
VAT Returns
The only problem with that is - I don't recall ever learning about "Cash Flow Forecasts".
EDIT : So that woould mean you could still do the bookkeeping for a Limited Company if they had an accountant to deal with the year end adjustments etc.
-- Edited by Peasie on Monday 3rd of January 2011 04:06:57 PM
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Never buy black socks from a normal shop. They shaft you every time.
Would you tell me more about your fees, how you justify them, what are your conversion rates (lead to sale) in the south west region,how many leads did you have in the SME sector for bookkeeping in the region and how are you different to yell.com,etc? Please, if you could leave out all the marketing bits, I really only would be interested in facts, I can decide myself if it is good for me or not... I know this forum is not really place for advertising but I had a look at your website and I found your fees extremly high so I would be very interested if your service is really good or just really expensive, same as many others.
It was the bit where he was telling newly qualifieds that they will already be too busy at the same time that Reed get 935 applicants for a single job ad in two hours that got me!
Seems right up there with training companies telling people that they will be on £35k p.a. immediately on qualifying and never be short of work.... Yer, right.
Same rule as always methinks. If it looks too good to be true then it probably is.
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Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
