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Handy Checklist- Bookkeeping & Administration

  • Have you decided what you want your administrative system for: VAT records, corporation tax and accounting purposes, invoicing, credit control, other management information-gathering purposes?
  • Have you discovered whether you can manage without a computer-based system?
  • Have you spoken with your accountant/ tax adviser to make sure your systems meet his or her needs as well?
  • Do you file invoices immediately when they arrive?
  • Do your business’s invoices clearly state your terms?
  • Do you issue invoices promptly on delivery?
  • Do you issue statements promptly each month?
  • Do you have a credit chasing timetable, and do you follow it?
  • Do you know your statutory obligations as an employer?

If not, we can advise you.  Please contact our employment lawyer, Pam Loch via

  • Do you keep proper records on all your employees?

Checklist Source: Start Up & Run Your Own Business: The Essential Guide to Planning, Funding & Growing your New Enterprise by Jonathan Reuvid (Kogan Page; 8th edition 2011)

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