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Help please ... I've set up a limited company December last year but have only got money coming now so am setting up an account to set up invoicing etc. Is this acceptable in terms of providing end of year accounts or am I in a spot of bother? Thanks. ============= No it will be fine ============= There is not any problem here if you have not paid any money in anywhere else. What have you done with purchases? I assume if you did not have a company bank account these have been paid on a directors loan account. ============= Thanks for the replies - will put my mind at rest Very few outgoings at the moment - what they have been (under ?00) have been on personal credit card Happy to include or not include depending on whether that is an issue re:accounting ============= Put it through, it will reduce your CT liability and you will be able to claim it back tax free ============= Thanks for the replies - will put my mind at rest Very few outgoings at the moment - what they have been (under ?00) have been on personal credit card Happy to include or not include depending on whether that is an issue re:accounting best to include them as reduces profit. Record the expense and then the other side (double entry) would be top the directors account. ============= |