Lunches, mileage, parking, some beverages
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Accounting software vs not
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Originally posted by SimonMac View PostThen you are making more work for yourself, claim £5 for lunch, how much effort did that £1 saved cost youComment
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Originally posted by SimonMac View PostThen you are making more work for yourself, claim £5 for lunch, how much effort did that £1 saved cost youComment
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Originally posted by TheCyclingProgrammer View PostIf you're claiming subsistence you must also be claiming travel so I'm not sure I follow this line of thinking. If you're claiming travel it's not much more effort to claim lunch and over the course of a long contract it all adds up, especially if you're working somewhere expensive like London and commuting a fair distance.
I pay all my lunches with the business card, so yes, several little transactions per week (between £4 and £6 usually).
I guess it might be simpler and less verbose to just apply for an allowance. Maybe I'm doing it wrong?
For travel I just add together all the Oyster journeys at the end of the month and also I download the travel history from their website. I claim this as an out-of-pocket expense each month.Comment
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Originally posted by AnotherGuy View PostI agree.
I pay all my lunches with the business card, so yes, several little transactions per week (between £4 and £6 usually).
I guess it might be simpler and less verbose to just apply for an allowance. Maybe I'm doing it wrong?
For travel I just add together all the Oyster journeys at the end of the month and also I download the travel history from their website. I claim this as an out-of-pocket expense each month.Comment
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Originally posted by Alan @ BroomeAffinity View PostThis would be a helluva lot easier in something like Freeagent. Automatic imports of transaction and an intuitive "explanation" process to code the transactions properly.
Not sure I would do it if I had to use spreadsheets, like an animalComment
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Originally posted by zudecke View PostExcel vs cloud...
But what about neither.. Just send invoices, receipts and statements over to acca and let them take care of it all?Comment
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Originally posted by SimonMac View PostThen you are making more work for yourself, claim £5 for lunch, how much effort did that £1 saved cost you
If I could make a pound as easily as that all the time I'd be doing it all day long. Say it takes you a generous 10 seconds per receipt, and you save £1 each time. On a 8 hour day that would be worth £360 for an hours worth, or£2,880 a day. Plus any travel and the work at home charge.
If you feel your time is better paid elsewhere, feel free!⭐️ Gold Star ContractorComment
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Originally posted by Alan @ BroomeAffinity View PostYou can do that but expect to a hefty premium for it. I reckon I'd have to charge £250 PCM to make this worthwhile. Or to scare the contractor into doing some of it himself or find someone else.
So in that case, Excel vs Kashflow - consensus?Comment
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Accounting software vs not
I don't know kashflow but it'll be better than spreadsheets that's for sure.
If you go for kashflow (or any other app) I'd recommend ensuring you get sn accountant who is on board. I expect kashflow will have a partner programme you'll be able to pick from.Comment
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