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rachel_mclean


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taken over bookkeeping part through the year, transferring to VT and VAT...PLEASE HELP
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Hello, me again with more questions

I am taking over from another accountant the bookkeeping for a pub. The business started on 29.05.12 and the accountant has done the VAT up until August 2012. So I will doing the next 3 vat quarters. I will be using VT. As I will starting from August, should I be entering the opening balances from the end of August figures? or will I have to re-enter everything that the previous accountant has done?

I actually got this bit of work from an accountant who wants me to do the bookkeeping but he wants to file the vat himself. I don't have the paperwork yet but want to be clear about what I actually need to do and to know what I am talking about when I phone the accountant with an update of what is happening.

Thanks in advance for you help (again)

Rachel



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Rachel
FoxAccountancyServices


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The accountant should give you the opening balances.. otherwise you would really need to review what they had done for the August VAT quarter... they may have only analysed VAT invoices and not bothered with the bank rec etc...

HTH

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