Wednesday, 6 August 2014

Submitting stats to the Government

For the past few months our business (Serenity Baby) has been sent questionnaires from the government's Office of National Statistics. According to the letters we are required by law to submit these figures.

So far the questions usually ask for our monthly retail turnover, and how much of that was generated by online sales. They once asked for the number of employees, part and full time as well as the breakdown by gender.

I have found it a bit annoying to have to fill in this data, especially as they want the info really soon after the accounting period (I've just submitted the figures for July), and so this forces me to do our monthly accounts sooner than I would have otherwise. But, now I'm feeling a little bit pleased that our small business is being recognised as a part of the economy, and is providing data which will help the Office of National Statistics to monitor the progress of the retail sector and ultimately could inform policy decisions.