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bookkeeping

  • 31-07-2011 11:26am
    #1
    rmflsdl
    Registered Users, Registered Users 2 Posts: 24 ✭


    advice for bookkeeping

    start-up business for operation next year .Jan,2012
    Do I have to record all the expenses incurred before jan 2012?
    I got expenses incurred in 2010.
    Do I have to record all the expenses incurred in accordance with their dates? Do I have to just record a total figure of expenses as a startup cost before Jan 2012?


Comments

  • #2
    barneystinson
    Registered Users, Registered Users 2 Posts: 4,686 ✭✭✭barneystinson


    rmflsdl wrote: »
    advice for bookkeeping

    start-up business for operation next year .Jan,2012
    Do I have to record all the expenses incurred before jan 2012?
    I got expenses incurred in 2010.
    Do I have to record all the expenses incurred in accordance with their dates? Do I have to just record a total figure of expenses as a startup cost before Jan 2012?

    Well if the taxman does a new business call, to see that the books are in order, they'd expect to be able to see what the breakdown of X amount of pre-trading expenses.

    As I already recommended to you on another thread, this sort of stuff is where seeing a competent precessional accountant can pay for itself. Most accountants are crying out for work and will do free initial consultations these days...


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