One must now keep financial records under the rules of Self-Assessment. The easiest method is by a simple cash book system showing income and expenditure. This can be done manually or by computerised systems. You need to understand where income is coming from and where expenses are going. A business is about producing profit and generating cash. How does one know when this is happening or not ? If there is no control mechanism the chances are that one will not know until it is too late. The workshop will explain how to structure and use financial records, develop a monitoring system and be aware of actions that should be taken.
Organiser: MENTAThe Suffolk Enterprise Agency