Quote: wrencat1873 "Quite interesting that you feel that RL clubs should finalise and [publish their accounts in such a short space of time.
Any owner of a major business will have other financial affairs that need to "jigsaw" with their commitments and income/expenditure from elsewhere.
I dont think that your proposal is workable.
And for those clubs with "sugar daddies" who may make up any shortfall at the year end or wish to pre date/ back date payments into their business, how do you think this will work.
3 months from financial year end to full audited accounts is an incredibly short time frame.
My business is much smaller and less complicated than most SL clubs and I couldn't do what you are suggesting.
Having said that, I thought that SL clubs have "live accounting" linked to SL HQ ??
Btw, I understand why you are suggesting this but 3 months to finalise and publish accounts, especially with the Christmas period in between is very, very tight. Probably too tight to be workable.'"
Agreed Wrencat. I understand why someone would propose this and it is a sensible suggestion in theory, but that timescale is just not possible. My business is also a lot smaller and less complicated that SL clubs, and my year end is 30th November, but I would have little to no chance of getting accounts finalised and published by 31st January
