AAT Qualified, but don't know where to start with setting up book keeping

woobabe
woobabe Registered Posts: 35 Regular contributor ⭐
edited June 18 in AAT member discussion
Hi

Please can you help, I completed my exams in June 09, and would like to start doing some sole traders accounts! The trouble is I don't know where to start!!!

How much should I charge, they will be just handing me a box of receipts and banks statements. I don't want to over price myself out the market.?

Also do I need to become a MIP, as I will probably only do these books as I work full time. Although if I found it easy enough and got recommended others, I would do more.

Any help anyone can give me would me much appreciated.

Comments

  • deanshepherd
    deanshepherd Registered Posts: 1,798 Beyond epic contributor 🧙‍♂️
    Pricing yourself out of the market is the least of your problems.

    Are you doing the tax return as well? Have you done one before?
  • T.C.
    T.C. Registered, Tutor Posts: 1,430 Beyond epic contributor 🧙‍♂️
    You should check out the AAT website for advice. You will need MIP, insurance etc. They have good advice on their site and will also help you by phone.
  • MoneySavingBank
    MoneySavingBank Registered Posts: 143 Dedicated contributor 🦉
    Talk to AAT

    Hi,

    It depends on your services.

    Regarding price, please see the post here> http://forums.aat.org.uk/showthread.php?t=28664

    and A Small Guide for Accountants in Practice please check this> http://blogfusion.co.uk/a-small-guide-for-accountants-in-practice/

    And for your information, please do a small budget for your business and a small forecast. Because it seems cheap to start a business but sometimes it takes money more than you expect. And It will help to run your business without major trouble.

    Some cost to consider for a practice given below:

    Payroll= £ ?
    AAT Licence= £ ?
    PII= £ ?
    Bookkeeping Software= £ ?
    Tax Computation and Online Submissions= £ ? Expensive
    Tel= £ ?
    Fax= £ ?
    Mob= £ ?
    Website Domain name+ Building + Hosting= £ ?
    If you need a computer just for business= £ ?
    Printer=£ ?
    If you want Broadband= £ ?
    Other IT Hardware & Softwares=£ ?

    If anybody think I am missing some more cost, please add them.

    I wish you all the best.

    Ta,
    MSB
  • anniem
    anniem Registered Posts: 1,306 Beyond epic contributor 🧙‍♂️
    Advertising ££ !!!!!!!
    FMAAT - AAT Licensed Member in Practice - Pewsey, Wiltshire

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