Year end 31st December. Accounts filed 1st January. I run my accounts via a spreadsheet that gives me real time data on my profit and loss and balance sheet. I normally cross check everything the last week in December before the year end. I use online banking to verify the actual banking figures on the 1st January, and if it all reconciles then it gets filed. If it doesn't reconcile, it gets filed once I find the error, and double check again.
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How soon after year-end do you do file company accounts?
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Originally posted by TheCyclingProgrammer View PostWhat he means is if you leave a credit balance on your CT account it will accrue interest and this needs to be accounted for as income in your books (DR INTEREST RECEIVED CR CORPORATION TAX I think). If they repay you any overpayment instead then that's just a refund.
It's really no different to interest received for any other account.This default font is sooooooooooooo boring and so are short usernamesComment
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Originally posted by Alan @ BroomeAffinity View PostInverting slightly: what do you consider an acceptable timeframe once the accountant gets the "stuff"?
Up to 3 weeks would be fine I think, at least it would seem better value ;-).Comment
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