Advice
MAYDAY
Registered Posts: 3 New contributor 🐸
I'm helping a friend do their books for a sunbed business, this business was bought mainly in good faith, with clients having pre-paid minutes already to honour when they started trading. No records supplied at time and previous accounts dodgy to say least, but as this friend comitted and bought business nothing I could do on that side.
They keep records in so far as daily list stating pre-paid minutes taken and keep record cards for clients. am I best just keeping records of total value of minutes pre-paid and then keep daily record of value of minutes taken on these pre-paid schemes. I know this will not actually show them the what the pre-paid has cost them in value terms and I cant split it down without a awful lot of work.
As its stands most of the pre-paid values are what they now have as sales. Too big and messy job to do as normal pre-paid and deduct off, which is why I thought of doing it like this. IF anyone has any experience with this type business any advice would be welcomed. This is a typical start up business with records all over the place. Im helping just to put some sort order to reduce the final accountants costs for them
They keep records in so far as daily list stating pre-paid minutes taken and keep record cards for clients. am I best just keeping records of total value of minutes pre-paid and then keep daily record of value of minutes taken on these pre-paid schemes. I know this will not actually show them the what the pre-paid has cost them in value terms and I cant split it down without a awful lot of work.
As its stands most of the pre-paid values are what they now have as sales. Too big and messy job to do as normal pre-paid and deduct off, which is why I thought of doing it like this. IF anyone has any experience with this type business any advice would be welcomed. This is a typical start up business with records all over the place. Im helping just to put some sort order to reduce the final accountants costs for them
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