Posted 9:35pm
Like any other business, it is important HMHB have clear accounts, that can be seen by funders, and be correct. It is lucky for us that I, Lazza, have done management accounts for over twenty years and, using Sage Software, I have been managing the accounts for the company.
It is also very important that anyone can see that our accounts are done correctly, are not abused, and we spend the money on exactly what we are meant to. No fraud. No bonuses etc.
We use an outside accountant to audit the accounts, as well as run payroll for us - although most months it is a zero (just twice have been been able to pay salaries, and we made sure we paid tax and national insurance correctly).
We handed over our second year of accounts (from June 2018 to May 2019) last week to the accountant to audit for the HMRC and Companies House. And this evening I have now got the current year up to date,k with postings up to the end of November all entered.
HMHB is proud to provide a quality product and service, and we have big ambitions. We also therefore ensure or foundation is properly overseen. It is better to get it all right from the beginning.
No comments:
Post a Comment