Accounting Advice
blakeyboy89
Registered Posts: 14 New contributor 🐸
My friends mum has just bought out a cafe and is going to be running it as well as being the chef there.
Now she knows that im studying AAT and wondered if I could do her accounts for her, but as I don't work at an accounting firm I don't think I have the right experience to do so.
Am I able to do this even though I'm not yet a full member? If I did, what would be a typical period end routine if she's registered for VAT Cash Accounting? And do I need to report to a body to say that I will be her accountant so to speak?
Thanks in Advance,
Aaron.
Now she knows that im studying AAT and wondered if I could do her accounts for her, but as I don't work at an accounting firm I don't think I have the right experience to do so.
Am I able to do this even though I'm not yet a full member? If I did, what would be a typical period end routine if she's registered for VAT Cash Accounting? And do I need to report to a body to say that I will be her accountant so to speak?
Thanks in Advance,
Aaron.
0
Comments
-
Are you sure you are ready for this?
You could always try and do the bookkeeping etc to reduce the final accountancy bill but you would be unwise to take on the whole lot without some experience or someone to refer to.
There are quite a few different VAT rules to do with cafes which you will need to be aware of.
If you decide to do it make sure you get some indemnity insurance.0 -
I'm not too sure now :001_unsure:
I think it might be best to just tell her to go somewhere else.
I think I just saw it as an oppurtunity to gain some experience in accounts rather than computerised accounts to count towards full membership.
I'll have a word with our accountants to see if they can help in any way.
Thanks.0 -
I think that is an excellent idea, you get the experience but the buck stops with someone else!!
You often find that friends are after a cheap job by asking you which has it's dangerous issues!!!
Good luck.0
Categories
- All Categories
- 1.2K Books to buy and sell
- 2.3K General discussion
- 12.5K For AAT students
- 322 NEW! Qualifications 2022
- 159 General Qualifications 2022 discussion
- 11 AAT Level 2 Certificate in Accounting
- 56 AAT Level 3 Diploma in Accounting
- 93 AAT Level 4 Diploma in Professional Accounting
- 8.8K For accounting professionals
- 23 coronavirus (Covid-19)
- 273 VAT
- 92 Software
- 274 Tax
- 138 Bookkeeping
- 7.2K General accounting discussion
- 201 AAT member discussion
- 3.8K For everyone
- 38 AAT news and announcements
- 345 Feedback for AAT
- 2.8K Chat and off-topic discussion
- 582 Job postings
- 16 Who can benefit from AAT?
- 36 Where can AAT take me?
- 42 Getting started with AAT
- 26 Finding an AAT training provider
- 48 Distance learning and other ways to study AAT
- 25 Apprenticeships
- 66 AAT membership