Thanks for the lecture last night, Liz, and your notes.
So that’s what I was doing over all those years when I was running my own company, providing the accountant with the reconciled bank account transactions and expenditure analysis each year, VAT returns summary, a note of pre-payments and outstanding debts, summary of net salaries, PAYE, NI and expense claims, sales invoice summary, etc.
I was compiling the Year End File!
Thank you, Liz, for explaining to me what its real name is.
And also for telling me the technical name for the day-to-day tasks - ‘the daily grind’. Very useful. I’ll remember that.
See you all after the summer break.
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