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The Book-keepers Forum (UK) -> Professional Book-keepers in Practice -> Dry Cleaning
Post Info TOPIC: Dry Cleaning
Georgie


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Dry Cleaning
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Has anyone got any advice about taking on the books of a dry cleaning business? Is there anything out of the ordinary I should look out for? Is it pretty straight forward?

 

Best wishes

Georgie



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MarkS


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Dont think there is anything specific about dry cleaning that should be noted.

Things to consider are

1. How do the sales arise?  Is it just the general public or do they have accounts for customers?

2. How is sales received? cash, cheque or credit card?  Need some way of cutting off at the year end to ensure that sales/debtors are correct

3. If they have accounts with customer then how do they invoice?  Again may be a cut off issue

Regards

MarkS



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Mark Stewart CA

http://stewartaccounting.co.uk/

Providing accounting, bookkeeping, payroll and tax services to small and medium sized businesses across Central Scotland and beyond.
Georgie


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Thanks Mark,

Georgie

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ClawzCTR


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From my recolection of a accident involving a Dry cleaners... (long story short, chemicals spilt, 200m area evacuated, and the supermarket next door binning ANYTHING that wasn't in a can due to said accident... (i worked in supermarket at time, was VERY costly))....
The only thing i would look for is to make sure they have the right insurance, and health and safety stuff and that its all paid for correctly. (Not technically bookkeeping but all things that could be used for reducing TAX liabities)

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Gary

W: www.backtoblackbooks.co.uk    E: gary@backtoblackbooks.co.uk     t: @backtoblackBK
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