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Doing year end accounts, problem with figures, help
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Legacy_user
Posts: 0 Newbie
Turnover £900k according to paypal monthly summaries
But my records have turnover of £880k
Am I in the deep stuff?
I'm a sole trader ebayer
But my records have turnover of £880k
Am I in the deep stuff?
I'm a sole trader ebayer
0
Comments
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Do both sets of records start on April 6th, or does PayPal include the whole of April?Who having known the diamond will concern himself with glass?
Rudyard Kipling0 -
1st April 2013 to 31st March 2014
I've looked for where the differences could be but struggling to find itThis is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
Is it anything to do with what has been sold and what has been paid for?
Do you check both sets against each other every month?Who having known the diamond will concern himself with glass?
Rudyard Kipling0 -
Might be worth paying someone to look at your accounts?"A nation's greatness is measured by how it treats its weakest members." ~ Mahatma Gandhi
Ride hard or stay home :iloveyou:0 -
PlutoinCapricorn wrote: »Is it anything to do with what has been sold and what has been paid for?
Do you check both sets against each other every month?
Nope, and nope as I require immediate payment for all items to keep things simple.Might be worth paying someone to look at your accounts?
Maybe but accountants are expensiveThis is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
Can I be brutal? If you can't afford an accountant on a £900k turnover, you're doing something wrong. Get one - then you'll be able to sleep at night, which is worth good money in itself.No longer a spouse, or trailing, but MSE won't allow me to change my username...0
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Is this your first year or have you prepared figures before?
You have until Jan 31st 2015 to reconcile everything, assuming that you file online.Who having known the diamond will concern himself with glass?
Rudyard Kipling0 -
PlutoinCapricorn wrote: »Is this your first year or have you prepared figures before?
You have until Jan 31st 2015 to reconcile everything, assuming that you file online.
What do you mean reconcile?
I don't reconcile the bank, I use purely excel for purchases/expenses.
And ebay sales records that you can download for sales.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
trailingspouse wrote: »Can I be brutal? If you can't afford an accountant on a £900k turnover, you're doing something wrong. Get one - then you'll be able to sleep at night, which is worth good money in itself.
my net profit is only 4% !This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
And you hadnt thought an accountant could reduce your tax liability on that 36k?0
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