You will need to tell him the net wages to pay, paye to pay and vat to pay. The owner is not great with understanding anything accounts related and i usually have to chase him for a few missing invoices etc at the end of each month for bank payments with no invoice. VAT returns have to be adjusted to remove the MOT sales total with no vat via a simple journal (owner can give you the total figure). The owner doesn't need any management accounts. VAT is on cash accounting and the sage accounts primarily kept on a cash basis, just adjusting the year end accounts for debtors/creditors etc. Cash balance on spreadsheet is reconciled to sage once a quarter.
There is no sales ledger - the owner keeps track of who owes him through the garage software.Ĭash receipts are totalled once a quarter from an excel spreadsheet maintained by the garage owner & virtually zero cash payments. Only a few ad hoc suppliers have a purchase ledger in sage. The business owner will check the supplier statements before paying them and you can assume all vat invoices are kept in Dext. Dealing with any queries from the business ownerĪpproximately 80 to 100 bank transactions per month that come in via a bank feed (many of which have rules in place for)Īll purchase invoices are uploaded to Dext/Receipt Bank by the business ownerĢ0 purchase invoices to process - the main trade suppliers of parts are paid just once a month with the one payment entered into Sage, not individual invoices. Year end accounts and corporation tax return.Run a monthly payroll on sage online (2 employees + director) including dealing with Next pension for one employee.Monthly book-keeping using Sage One Online Accounting with VAT quarterly vat returns.I presently look after the accounts for a friend who has a ltd company that has a small MOT and service station but i have too many other things going on to keep doing it for him so he has asked me to find someone to take over.
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