Hiya can anyone advise me what is an acceptable time to complete a whole year's accounts? I've recently taken on a job where the accounts are 4 years behind. I have been asked to bring it up to date.
The receipts and invoices have been put in month order but that's about the size of it. I'm still being given additional paperwork as and when the lady finds it. I started out by combining the receipts/invoices into alphabetical then month order so I could find them easier when trying to code to the correct nominal code from cheque books/statements. The lady is NOT VAT registered.
I have set this new job up on Sage, so far I have completed 2006-2007 that is I've reconciled the bank account, credit card both business and personal (the lady uses her personal card to pay for business expenditure too), petty cash, I've analysed the PC and credit card spend using excel as there were quite literally hundreds of cash receipts, all low in value, total cash spend £6.5k so this shows the number involved. I'm ready to submit the account to TB with a backup to the accountant.
This 1 year has taken me 2 and half days or rather 19 hrs I have been based at the client's premises so she knows the hours I've been there. The reason I have posted this is that I came across the previous bookkeepers invoice and she charged £180 to complete 2 years bookkeeping. That means that either I'm really slow or she works for £4.70 per hour!!
I'd appreciate some feedback
Edited at 05 Feb 2011 11:16 AM GMT
Edited at 05 Feb 2011 11:16 AM GMT
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