New to Contracting: Running Your Company

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4. Bookkeeping

Your accounts team will complete the company's bookkeeping monthly. We will send you a Transaction Report where you keep a log of expenses – purchases, mileage to and from your customers' premises, parking, meals, subscriptions, etc. The completed Transaction Report and supporting items are simply emailed to your accounts team at the end of each month.
 

Company administration takes our clients less than an hour a month and normally entails sending;

• Copies of Sales Invoices raised by the company
• Details of any cheques written from the company's bank account
• A summary of the expenses incurred personally by employees, together with the actual receipts
• A log of business mileage
• Copies of any company correspondence you have from the relevant authorities
• A cheque for making PAYE payments

We process your records, and let you know if there is anything exceptional that you need to do.

Next>

1. New to contracting
2. Benefits
3. Trading Options
4. - Your Own Company
5. - PAYE Employee
6. - Umbrella Employee
7. - Self Employed
8. - Summary
9. Running Your Company
10. - Getting money in
11. - Expenses
12. - Payroll
13. - Bookkeeping
14. Costs
15. Next steps
16.  

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