Originally posted by Danielsjdaccountancy
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To use an accountant or do it myself?
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Originally posted by escapeUK View PostJust a thought, are SJD responsible for making a mistake in the accounts they prepare, or is the client? In other words do clients have to check your work?
If your accountant make a mistake, then you will have some level of redress against them. But, obviously, you have to know they've made one - which is why I keep saying that you need to at least have a passing familiarity with corporate accounting.Blog? What blog...?Comment
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Originally posted by malvolio View PostIf you're a director, it's totally your repsonsibility. That's kinda what being a director means. It's your company, your money and your court case. And your improved income for taking the risks, of course.
If you have to know it well enough to check what the accountant has done as your are responsible, then really you might as well do it yourself. Its a strange profession really when you think about it, in what other trade would you hire an expert, expecting to check their work and being ultimately responsible if they cock up.Comment
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Originally posted by escapeUK View PostThis is what I would suspect, but it defeats all the arguments from people saying I dont have the time, they know more about accounts than I ever will and so on.
If you have to know it well enough to check what the accountant has done as your are responsible, then really you might as well do it yourself.
Its a strange profession really when you think about it, in what other trade would you hire an expert, expecting to check their work and being ultimately responsible if they cock up.Blog? What blog...?Comment
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Having contracted for a year, I would strongly recommend an accountant at least for the beginning. The paperwork isn't intuitive or guessable when it comes to doing your duties, and you have to know what you're doing. After a year or two you might want to change to a cheaper service provider, but always check the numbers and know what's going on with your accounts.
My accountants were great to begin with, however now I pay
£100+ per month and send just one file to them via email. They don't call me or email me with ideas ever.. So from that point of view they're not so great anymore. Maybe it's different elsewhere though...Comment
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Originally posted by dmo View PostHaving contracted for a year, I would strongly recommend an accountant at least for the beginning. The paperwork isn't intuitive or guessable when it comes to doing your duties, and you have to know what you're doing. After a year or two you might want to change to a cheaper service provider, but always check the numbers and know what's going on with your accounts.
My accountants were great to begin with, however now I pay
£100+ per month and send just one file to them via email. They don't call me or email me with ideas ever.. So from that point of view they're not so great anymore. Maybe it's different elsewhere though...Comment
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Originally posted by dmo View PostHaving contracted for a year, I would strongly recommend an accountant at least for the beginning. The paperwork isn't intuitive or guessable when it comes to doing your duties, and you have to know what you're doing. After a year or two you might want to change to a cheaper service provider, but always check the numbers and know what's going on with your accounts.
My accountants were great to begin with, however now I pay
£100+ per month and send just one file to them via email. They don't call me or email me with ideas ever.. So from that point of view they're not so great anymore. Maybe it's different elsewhere though...'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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Originally posted by northernladuk View PostIt isn't as simple as that, they will keep you on top current legislation and keep you at the current rates as they change. Do they not help you with VAT.
They do not know your business, only you do that, they provide a service so you cannot rely on them for everthing. You need to strike up a relationship and keep in touch. Ask about stuff, ideas, areas that convern you and they will advise the best approach. That is about it. You pay 100 quid. How proactive for you clinet would you be for 100 a month?
Ask about stuff, ideas, areas that convern you and they will advise the best approach.Last edited by dmo; 24 June 2012, 21:48.Comment
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Originally posted by dmo View PostThat's why I pay them, for the extra accounting tasks, not just to add up two numbers and hit Print.
When my client pays me 100% of what I ask for I always make sure they're happy and follow up with them. And if I was to hike up my rate by 20% after a few months I'd definitely go the extra mile, even if it's for a short period. Just saying, it's about quality of service these days and added value. Everyone can do the bare minimum, and if you can't it takes looking on Google and a few YouTube videos until you can.
Maybe I will. Although a client chasing the supplier/service provider is just p*** poor in my (limited) experience.'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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Originally posted by escapeUK View PostJust a thought, are SJD responsible for making a mistake in the accounts they prepare, or is the client? In other words do clients have to check your work?
We are only advisors and therefore responsibility falls on the director.
I try to give my clients the best advice possible so they understanding how their businesses are being run as this will help them to spot any potential mistakes. Remember you guys know your businesses better than anyone.Comment
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