Just looking into mycake.com, an online book-keeping tool recommended by Binita Walia @Tspaceinbetween (of Myideasbook)
Online book-keeping and benchmarking. Costs £149.99 + VAT = £179.99 per year
Cheaper than an accountant… but still more than I have to spare at the moment. The webiste uses Kashflow software, so I might try a free 60 day trial of that first: http://www.kashflow.com/landing/indexb.asp although the first two months with mycake are free to help with cashflow, which is thoughtful. It is set up for teeny creative businesses, so I guess they would have thought of that!
Interestingly, they say they show you how you are comparing to others in the sector (anonymously of course!), I am also attracted by things being backed up and reminders for overdue invoices.
I have always done my own tax return/accounts before with basic excel spreadsheets, but am finding that my income & expenditure are becoming incresingly complicated. Add to this a year or more of being completely absorbed in a heavy works load and I am a bit of a mess in my paper-life.
Think it might be time to look at getting some help!
Anyone have any other recommendations for how they cope with accounting?
Also via Binita, a free e book: The 5 big mistakes creative people make with money: http://lateralaction.com/moneymistakes/
The 5 mistakes being these:
1. Burying your head in the sand
2. Doing the bare minimum at the last minute
3. Not charging enough
4. Working with crap clients
5. Letting expenses get out of hand.
Hmm, I seem to be guily of 3/5 of those!