Hello, I have a new client who runs a chiropractic clinic. I am starting at the beginning of the year with a bank statement and receipts. I have no paperwork for the previous year from the accountant yet so I have no idea how to lay out the accounts : (
Does anybody have a lay out of a chart of accounts for a similar business that I could possibly have a look at please?
As a chiropractor supply a service would there be any costs of sales?
The expenses is what I am having trouble with - names for accounts.
If anyone could shed any light on this I would be very grateful
Having used a Chiropractor before I cant really think that they would have any cost of sales. Maybe things like oils/creams for massage IF they do that, but other than that not really.
As for names of the accounts could you just not use default ones untill you get more from Accountant then rename as appropriate? Medical supplies would be one I would certainly have, and if they are VAT reg then be careful with supplies as some are VATable some aren't.
