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Post by kelly76x on Oct 19, 2007 13:02:29 GMT
hi, my cert should be through any day now thank goodness, i have my purple toolkit with the account book in it can i start it before i actually start minding? i have spent a fortune on toys resources and furniture for the play area so do i wait till i start and add a little each month or can i start filling it in on the months i actually brought the items i have kept all the reciepts i brought most of the items in june and july as i had my pre reg in august thank you
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Post by sarahnev707 on Oct 19, 2007 13:19:21 GMT
Just write it all down now (don't fiddle the books by dripping it through... you've spent it so claim it back) and put in your income when you get some - it's ok to make a loss in your first year! Sarahx  |
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Post by kelly76x on Oct 19, 2007 16:27:44 GMT
sorry i know i'm being a pain ... i'm looking at my ncma accounts book now so do i put it down on there under toys and equipment and date it the week i brought it and if i brought some on different weeks i date each week and put it down  |
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Post by sarahnev707 on Oct 20, 2007 21:29:30 GMT
Sorry Kelly I don't use the NCMA system - but I'll bump up your message and change the title - hopefully someone will know! Sarahx |
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Post by manjay on Oct 20, 2007 21:50:59 GMT
Hi Kelly,
Sorry I don't have the NCMA acounts book yet but I use an Excel spreadsheet anyway. What I will say is that i started the registration process this time last year and did my ICP in January so I have had expenses dating back to then. I registered then as self employed and so logged a loss in the 06/07 tax year. As Sarah said most business quite often don't make a profit for the first few years.
I would think the spreadsheet I use would be very similar to the NCMA book so I just add up my receipts, mileage, allowable expenses(as I "work" an average of 20 hours a week on paperwork & research) for each month and log them as a loss.
Sorry that may not be much use. Maybe someone who uses this book can help more.
Amanda xx
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Post by tasha on Oct 20, 2007 22:51:12 GMT
Yes, that's right kelly ...just date your accounts book as if it where a calemder starting from the week that you first started spending money (on childminding)!! Tasha |
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