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Hi folks,
So I finally got a job in a friends business, it's msall with a total of six employees including me, but a great place to start, learn and grow.
Unfortunatley the previous bookkeeper left after fifteen years, which was the unfortunate bit ( i got her job after all!), the unfortuante bit was she left two weeks before I started in the role, so there was no hand over process.
On top of this, this is my first proper bookkeeping role, and although i have volunteered in an accountancy practive, I have never had to deal with end of month procedures, payroll paying payee and vat etc etc.
and all of a sudden I realise that there is so much I don't know.
So can anyone help a newvie out?
Has anyone got a good or even a great end of month guide?
A practical what to do in the employement role?
I know every buisness is slightly different, but there are some things that should apply to all.
I reallly want to learn and grow, and not mess things up, not do something i should be and erm get fired.
Here is what i have so far (this is my second month in, and the last end of month mad me almost sick with panic!)
And we have just upgraded to sage 50 2013 (much nicer for reports and very exciting emailing feature which needs to be properly set up, but should send everything out much much quicker!)
Print aged debtors
Print aged creditors
Go through suppliers and mark who to pay
pay as required >bacs/chq
update sage accounts to mark paid
print remittances>post/email
make sure invoices are up to date
make sure payments in are up to date > update sage as necessary
print debtor customer statements > post/email
Run payroll
pay staff
Calculate payee and nic (and also student loan)
login in to hmrc and pay payee and nic (how do you pay student loans?)
reconcile bank statement (what do i do when it's reconciled anything am missing?)
Erm thas all i got at the moment, so if am missing anything please let me know.
Also am a member of a number of car forums, and they do stickies on subjects that commonly crop up so they stick to the top of the forum (i.e they are always the first topic on the list), is there anything like that here, or any other practical stuff i should be doing, or websites i should be visiting?
Thank you in advanced ofr all your help.
I have posted this in a couple of different sections, just to make sure I am getting a wider view, so please ignore if you have read/replied in another part.
Regards
David
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