I provide IT consultancy services to UK businesses and I have no knowledge whatsoever about doing accounting books. I was very keen to learn to do it myself. I spent hours reading bookkeeping reference books, learning double entry and I was very proud that I understand the basic accounting so I did my books.
When the time to do my company year end accounts, I discovered that I have been recording information incorrectly and that I have to reorganise everything. my former accountants charged me a fortune to fix my incorrect records.
My advice to all is that it is worth to talk to people who know about these things to avoid disappointment and unnecessary work in a year’s time.
Time is expensive and sometime it is worth spend a little for a big gain in your business.
Mr. Duncan, owner of an IT Consultancy business