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Jen_R
Jen_R Registered Posts: 5
in General discussion - Professional level
Hi
I want to start up offering Bookkeeping Services and would like to know the minimum requirements as have no funding until I start working. Have a couple of clients wishing for me to help them. I successfully completed AAT Diploma in Accounting Level 4 and also received my AATQB certificate. I need to gain more experience before I can become MAAT registered. This business will be have to be run outside of my current full time employment until have sufficient clients when I will then give up my current job.

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  • reader
    reader Registered Posts: 1,037 Beyond epic contributor 🧙‍♂️
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    I include a link below to starting up your own business:
    https://www.aat.org.uk/why-aat/starting-your-practice

    You can request a prospectus which should explain everything.

    I believe you will need:
    1) ICO registration for data protection/gdpr with the ICO
    2) Insurance with an insurance broker e.g. Trafalger
    3) Practising licence with AAT

    I believe the above are the minimum requirements. The AAT will help you with anti money laundering supervision.
  • PeterC
    PeterC Registered, Tutor Posts: 245 Dedicated contributor 🦉
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    As you want to gain experience for MAAT, you should beware of the "Catch 22" scenario whereby you need experience to practice, yet you need to practice to gain experience.
  • Jen_R
    Jen_R Registered Posts: 5
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    Thanks for quick replies.

    I just want to make sure I am working legally.
  • reader
    reader Registered Posts: 1,037 Beyond epic contributor 🧙‍♂️
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    If you have full time employment in accountancy you shouldn't have too many problems with gaining the experience to get the MAAT membership and practising licence
  • Jen_R
    Jen_R Registered Posts: 5
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    Unfortunately my current employment is not within accountancy. I currently do my husband's business account which is very small. Within my current employment I complete an impress account, check against cost reports from head office and complete any journals. So am not getting full range experience.
  • reader
    reader Registered Posts: 1,037 Beyond epic contributor 🧙‍♂️
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    OK

    Well sounds like you probably have enough experience for bookkeeping and can add other services with the AAT in the future should you change employment

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