Recent content by 8Yworry457

Is this thread losing focus? Yes Accounting firms have high set up and running costs. Yes if they spend a lot of time on numerous transaction and the fund is complex they will incur more charge out hours and the bill will be higher. But the simple fact is that the Accountant's charge will...

for the 2012/2013 FY I have decided to do the entire process myself. The cost of accounting and audit for my $1.5M fund have risen to $5K. The excuse they give me is that because it is to be audited they have to create an auditable trail for every single entry even inwards interest payments...