+ Reply to Thread
Page 2 of 2 FirstFirst 12
Results 11 to 12 of 12

Thread: Bookkeeping for your web businesses

  1. #11
    Publishing Mentor dsieg58 is a Premium Member
    Join Date
    Jul 2012
    Midwest-USA, Southeast Asia
    Thanked 1,139 Times in 565 Posts
    Rep Power
    Excel spreadsheets and an accountant for taxes.

  2. #12
    Top Contributor Dave McM is a Premium Member
    Join Date
    Oct 2010
    Thanked 407 Times in 253 Posts
    Rep Power
    Our spreadsheet system is fairly straightforward, though it's become more elaborate over the years as I've refined it.

    We have a master spreadsheet at the top with tables for income, expenditure, assets (including depreciation), profit & loss, balance sheet and exchange rates*.

    We have a spreadsheet for income. This is very easy, as virtually all of the organisations that pay us significant amounts issue monthly spreadsheets, and the others pay direct into our business account as and when.

    We have a spreadsheet for expenditure - with tables for the regular monthly outgoings (bank charges, hosting, rent, utilities etc) and linked spreadsheets (each with monthly tables) for irregular payments as they arise under the various subheads (books, computer sundries, domains, software etc).

    And in the last couple of years I've also set up a couple of sheets to index individual payments and receipts, though that's maybe overkill - but it'll make things clearer if anyone ever does ask to look over our books.

    * Exchange rates are a complication that small bricks-and-mortar businesses are much less likely to face. Having said that, things are easier these days than, say, five or ten years ago. Most of our revenue streams pay out in sterling these days - Google have done for years now, and Amazon followed suit about a year ago. And we don't run up expenses in quite so many different currencies as we did a couple of years ago when we were travelling on business much more frequently. Nevertheless, we still need to do some conversions - so I grab the exchange rates from HM Revenue & Customs and feed those into the system.

+ Reply to Thread

Similar Threads

  1. Valuations of higher end online businesses
    By Clinton in forum Valuing Websites, Blogs, Domains
    Replies: 12
    Last Post: 11 April 2012, 5:20 am
  2. Accounting (well, bookkeeping)
    By leadegroot in forum Business Management and Administration
    Replies: 7
    Last Post: 19 July 2011, 7:57 am
  3. FP - What are your opinions of web directories as businesses?
    By LordWeiner in forum SEO & Search Engine News
    Replies: 1
    Last Post: 28 May 2011, 1:00 am
  4. Some Interesting UK Businesses
    By Andy in forum Buying a Website, Blog, Internet Business
    Replies: 5
    Last Post: 15 June 2010, 3:31 pm


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts