free finance workshop by freeagent

Financial Record KeepingFinancial Record Keeping

Emily Coltman ACA - Chief Accountant

Kevin McCallum - BizDev Director

Who?Who?

Must!Must!

Ltd Co/LLP

Assets, Liabilities, Income & Expenditure, Stock

6 years

Life of asset

Soft/scanned copies acceptable

Must!Must!

Non Ltd Company

Ability to complete tax return and answer any associated questions arising

No prescribed format

Must!Must!

• ...be able to complete your tax return, and answer any questions arising and have records accessible to HMRC if required.

Should...Should...

Plan to be organised

Be organised!

Take time to understand processes

When?When?

Expenses TaxExpenditure

Why?Why?

Why?Why?

How?How?

Here’s one we prepared earlier...

Where? Where?

Cloud/Internet/Web/SaaS/ASP/Online

Why? Why?

Connected

Scalable

Up-to-date

Backed up

Real-timeCollaborative

User-focused

Actively developed

Vibrant ecosystem

Available

Any platform

Cost-effective

Simple

Secure

Time savingEfficient

Why? Why?

V

Complexity

Friction

Single-purpose

Closed

Sophistication

Flow

Multi-purpose

Open

Why? Why?

Connected

Scalable

Up-to-date

Backed up

Real-timeCollaborative

User-focused

Actively developed

Vibrant ecosystem

Available

Any platform

Cost-effective

Simple

Secure

Time savingEfficient

So...So...

Day -1

Know what you need to do

Plan to be organised. Be organised!

Keep information accessible

So...So...Avoid dead-ends and bad habits!

Use best tools available

Let us know if you would like to trial FreeAgent free for 3 months:

kevin@freeagent.com

emily@freeagent.com

Enjoy!

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