Keeping Good Records (bookkeepin)

[jackdor]

Hi all only been self employed For 5 months and still not sorted out a proper method of keeping records. I do keep a diary of the jobs and price of the job. I just wanted to know how you guys sort your records out. i intend on getting an accountant to sort the tax man out but want to make it easier for them and me. I know i should keep a record of ingoings and out goin but not sure how to go about it. I would find it most helpful if any of you have any examples of excel or forms to aid in this field.
Thanx all.

 

[andekoch]

keep all receipts in a plastic sleeve, one for each month of the year with separate sleeves for credit card and cash receipts. Then you can do a summary sheet (of the receipts in the sleeve) each month and put it in the sleeve eg tools, material, ppe, stationary, advertising, membership, insurance etc (only you and your accountant can decide how you want to breakdown the receipts).
do the same with your invoices.

 

[jackdor]

Thanks pal, i have been keeping the receits but not done a summery. Thats a good idea, cheers