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Socoder -> Off Topic -> Accounting for Taste |
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| Fri, 28 Oct 2016, 22:53 | |
HoboBen
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Tried a ton of accounting programs (proper accounts due soon!), hated all of them until I found this lovely command line tool called Ledger Linkage
-=-=- blog | work | code | more code |
| Fri, 28 Oct 2016, 22:53 | |
rockford
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Surely you could write an app for your own personal accounting needs?
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| Sat, 29 Oct 2016, 05:52 | |
Jayenkai
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I just use a bog standard spreadsheet. Can't go wrong with a spreadsheet!
-=-=- ''Load, Next List!'' 
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| Sat, 29 Oct 2016, 10:18 | |
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GfK |
I use Excel too. Suits me, and suits my accountant.
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| Sat, 29 Oct 2016, 23:09 | |
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HoboBen
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@rockford - its company accounts rather than personal finance - I wouldn't bother with just that! xD I used to use a spreadsheet which was okay for my needs, but I wasn't doing all the proper double-entry accounting stuff with it that the taxman wants to see. And I was doing weird things in my spreadsheet, like columns that were 1 or 0 to decide if the expense was allowable to offset tax, which bank account it came from, etc. It worked but it was a pain! What I like about ledger as well, is when I get a bank statement which says the balance at the end of the month, I can add the date and balance as an assertion in the text file. This tells me straight away if I've made a mistake and where it is, especially if I'm doing a few months worth of accounts in one go. There's probably something you can do on a spreadsheet that will give you a running total balance for a specific day, but I don't know how to do it  and then I'd still have to compare it manually to the statements.It might be overkill for simple bookkeeping, but I'm not doing enough business that I could afford an accountant so I have to wear that hat too Also my spreadsheet program keeps resetting my font (nooooo not Times New Roman, go awayyyy!) and I should really learn how to use it properly but I almost never use office software so can't be bothered to learn. My own damn fault haha -=-=- blog | work | code | more code |
| Sun, 30 Oct 2016, 04:32 | |
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Jayenkai
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Aaah, the complexity of "professhunalisum". Good luck getting everything organised. I imagine that, once everything's setup properly, it'll probably be a damn sight easier than faffing about with a spreadsheet. .. But I'll still stick to my spreadsheet, just like I stick to my Blitz's! -=-=- ''Load, Next List!''
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| Sun, 30 Oct 2016, 06:52 | |
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GfK |
I pay about £1200 a year in accountancy fees, but he saves me more than he costs, so.... 
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| Sun, 30 Oct 2016, 07:52 | |
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GfK |
He does my business and personal tax returns for that. We only [currently] pay tax once per financial year. But there's talk about increasing that to four times per year. At which point I won't be able to justify the cost of an accountant either. |
| Sun, 30 Oct 2016, 08:29 | |
Dabz
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If your a contractor, which I was once, you get a tax bill in around Decemeber thats got to be paid before the end of January, then one before the start of April... For whatever reasons, and I nearly shit myself when it dropped in as I just expected to do a normal tax return, but this tax bill is basically a 3 month estimate based on your earnings the previous tax year. Eventually it gets resolved through your self assessment tax return, but, essentially, your paying your tax in advance! That's contractor mind, not sole trader, or having a limited company... For me, it was a pisser, because I didnt know about it, and, well, didnt put enough aside to pay for it comfortably... Christmas was a bit thin that year... Had a smashing holiday in the summer though!  heheheDabz -=-=- Intel Core i5 6400 2.7GHz, NVIDIA GeForce GTX 1070 (8GB), 8Gig DDR4 RAM, 256GB SSD, 1TB HDD, Windows 10 64bit
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| Sun, 30 Oct 2016, 19:38 | |
therevillsgames
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EXCEL FTW! We choose to do "PAYG" which means paying tax every quarter... better than paying over 10k in one hit!
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| Mon, 31 Oct 2016, 05:48 | |
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GfK |
If you're paying that much tax (which I'm not), what I would do is pay it once a year. But each quarter, loan the tax money from the business to yourself as a director's loan and put it in a high interest ISA. When the tax is due just pay the loan amount back and keep the interest earned. Hey presto! A couple of hundred dollars extra for doing bugger-all!
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| Mon, 31 Oct 2016, 16:19 | |
therevillsgames
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Over here, you get taxed on your interest... :/
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| Mon, 31 Oct 2016, 16:53 | |
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HoboBen
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btw can we all take a sec to appreciate Jay's masterful topic title
-=-=- blog | work | code | more code |
| Tue, 01 Nov 2016, 00:33 | |
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rockford
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Jay comes up with some great puns from time to time
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