But what about.........

System
System Posts: 100,537 🤖 Admin 🤖
edited June 9 in General accounting discussion
Hi,<BR><BR>I have spent the last 10 years dodging and swerving mergers, reshuffles and other corporate fun and games. I have just survived one merger to find that I am heading into another...........I am only 34 but am already getting a little weary of it, and considering becoming self employed.<BR><BR>However, as I have always worked for large companies (management accounting etc) I need to get my head around some of the nuts and bolts of dealing with small companies - as an AAT member, how far can I go with producing accounts (assuming I get through the self employed criteria etc) ? Sorry I know this is going back to basics but any practical pointers would be welcomed !.<BR><BR>Thanks !<BR><BR>

Comments

  • System
    System Posts: 100,537 🤖 Admin 🤖
    But what about.........

    Why not try and gain some experience in the practice industry before considering to go it alone.<BR><BR>oezekiel4@netscape.net<BR>
  • System
    System Posts: 100,537 🤖 Admin 🤖
    But what about.........

    Network before taking the decision..clients will only come slowly as you build up your skills set..<BR>cashflow will not be healthy for quite some time!
  • System
    System Posts: 100,537 🤖 Admin 🤖
    But what about.........

    Your decision depends on what you want to do as a self employed member. Use those skills you have. If it is management accounting then you could freelance in that area - or preparing accounts for external advisors.<BR><BR>I became self employed 2 - 3 years ago, but didn't leave my job in public practice until last year. I now work part time for a local small company as their company accountant and spend the rest of the week doing freelance work, VAT returns, monthly and quarterly management accounts. You'd be surprised how many small businesses out there have bookeepers, but no one to pull together the information on a monthly or quarterly basis - or to help with cashflows for the bank. It does start slowly at first, and you do have to network, but if you're any good, word soon gets out. Because I have limited spare time, I have already had to turn work away. I have also been lucky, my previous employers have referred people to me for ad hoc training etc. because the parting was amicable.<BR><BR>Good Luck

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