End of year accounts
In addition to Business reports, each instructor using the system can access a series of simple programme screens to produce a cash flow statement, profit and loss account and balance sheet that can be forwarded directly to the Inland Revenue at the end of their tax year.
Even where instructors already have an accountant or where their financial affairs are less than straightforward, the discipline of keeping proper account of lesson charges and payments and the ease with which these records can be recovered should substantially reduce any accountancy bill they might have.
And each instructor working under your brand will enjoy the same benefit provided they input the appropriate data into the pupils’ records at the end of each lesson.
Supporting these end-of-year accounts is a creditor and debtor list, which identifies all the money owed to the instructor and owed by the instructor to others. These reports can be instantly formulated from data stored in their Online office.
DIS owners and managers are highly competent professionals in their own field. This enables our subscribers to seek additional advice in many aspects of ORDIT training, business administration and law through our Business mentoring service.
