Members in Practice - Producing Monthly Managment Reports for Small Limited Companies (not requiring an audit)


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Producing Monthly Managment Reports for Small Limited Companies (not requiring an audit)

Thu 10 May 2012 01:47 PM

Shar
Associate CB.Cert
Practice Licence

13 posts

Hi,

I have just applied for my practice licence and I am waiting for the upgrade of membership so I can start my practice as AICB (CERT). I would like some clarification on what I can do for limited companies. my friend has his own tailorign business and is set up as a small limited company.

He would liek me to do his bookkeeping and be able to produce reports for his own manamgement purposes and not for filing, can I produce these reports at the end of each month and send them to him with some analysis? TB, P&L Balance Sheet etc...

In the past I have worked as an employee where I have been asked to produce these reports but I don't know if I can do this as self employed?

Any clarification would be greatly appreciate.

Thank you :-)

______________________
Shar

Thu 10 May 2012 02:06 PM

KerryB

Member CB.Dip PM.Dip

268 posts

Hi Shar,

The following link will help you here;

http://www.bookkeepers.org.uk/Forum/Thread.aspx?type=&cid=0&tid=83741&lp=80674&page=1&sort=

As far as I am aware you would only be covered for the Bookkeeping up to TB; P&L Loss and Balance sheet fall into the 'final accounts', and draft final accounts can only be completed, for LTDs, at level 3 and above.

Kind regards

Kerry

______________________
www.berrybookkeeping.co.uk

My responses are based on my opinions, not necessarily facts.

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