ROI
small business
accounting software, tax accounting, payroll software,
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DIY Accounting Bank Cash Account Spreadsheets Self employed small business book keeping software UK Sales and expenses are recorded on the Sales and Purchases workbooks not the Cash and Bank records. Entries to the Sales and Purchases workbooks create accounts of money owing to or by the business regardless of whether these accounts are paid or received instantly. These liabilities are called Debtors (sales not received) and Creditors (purchases not paid). Completion of the cash and bank accounting spreadsheets required if a balance sheet is subsequently required. Entries to the Cash and Bank spreadsheet as shown in the screenshot above are not used to record sales or expenses, with the exception of purely bank generated income and expenses such as bank interest received, bank interest paid and bank charges. Cash and Bank records are used to record the receipts from Debtors and payments to Creditors. BANK RECEIPTS Entry to the cash and Bank receipts side of the cash and bank accounting spreadsheets are similar format to the sales and purchase spreadsheets. Optional and mainly used by those self Employed businesses who wish to produce an annual Balance Sheet
BANK PAYMENTS Analysis of the bank statement provides financial control and allows banking expense entries and drawings to be entered which are then automated and included in the monthly profit and loss account. When using the sole trader accounts it is a good idea to enter the sole trader drawings
CASH BOOK A cash book spreadsheet is also provided which again is optional and in the same format as the Bank spreadsheet. The cash account is not a petty cash book but a cash account where movements of cash are recorded. A petty cash book records small expenses which is not required for many small businesses as such expenses can be entered in the purchase accounting spreadsheet to account for all expenses. The excel book keeping spreadsheets were designed from the simple small business bookkeeping software used for existing clients to make financial transactions fast, easy to enter and understand. Formula driven so that minimum data is entered with automated analysis producing from the book keeping system. Accountancy software reduced to its simplest form of single entry. BANK RECONCILIATION STATEMENT Automated from the bank account record entered the bank account statement balance is also entered on the bank spreadsheet each month and the formulae in the bank accounts spreadsheet does the bank reconciliation automatically to ensure the total of any missed items are highlighted
What happens to the Cash and Bank bookkeeping information entered? The above excel book keeping spreadsheet totals each column for each book keeping month. The totals of each sheet are then collected by the accountancy software to complete the simple book keeping system by automatically producing the monthly profit and loss account and self assessment tax return to complete the self employed book keeping system. The user guide that accompanies this self employed book keeping system has notes on cash and bank spreadsheets to assist a comprehensive Accounting Software package to be completed with ease and maintain full financial control Accountancy software designed to save many times the cost of buying it.
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