General Book-keeping & Accounting - The Book-keepers Forum (UK)

blueeyes · blueeyes

Hi, Please can you advise if life insurance is an allowable expense for a self employed Joiner? Thanks

AlinaAc · AlinaAc

Hi, A self-employed person received NI Contributions letter with payment of £60.95 due at the end of July. This was posted as owner's drawings on 20 March 2013. The same month (March) self-employed business became non-trading and owner formed a partnership. The owner wants to pay NI from Partnersh...

Taylor1 · Taylor1

Good afternoon I am really hoping someone can advise me. I have had a request from someone who has not done their tax return for the past 3 years to do the bookkeeping on this. Of course I said I would help and it all came over in nice folders and files. There was also 3 years of payroll missing which I have n...

London ICB members Facebook page · Mad Liz

Hi. Just to let those of you working and living in and around London know we now have a new Facebook page for London ICB members, which can be found at https://www.facebook.com/groups/ICBLondon/Be lovely if you could come and join us. It's a bit lonely as we've only just started it! We will use the p...

Sunnyday · Sunnyday

Hi I am a new member here and I have a question and would appreciate if you could help me. My client is cleaning company with two people on payroll only and these people are directors and cleaners same time so my question is am I right treating their wages as Labour (Cost of Sales) or shall I classify them as...

stephen72 · stephen72

Hi, I have just been approached by a local charity who have asked me to do a bit of work for them as a one off to bring the accounts up to date. From what i have been told it should be fairly straightforward but i was wondering if there is anything different i need to do as it is a charity or would i treat th...

Haler · Haler

Hi There, Cannot find this answer anywhere on the net: So I know the calculation for simple interest p=1x1+r Compound Interest p=1x1+r^n But what I am trying to do is something similar to working out the effective interest rate from the amount of actual interest paid on top of the loan amount. The fi...

Lisa68 · Lisa68

Hi everyone, I have a new client who's income is generated from 2 unfurnished properties. After looking at the previous set of accounts from the other accountant he claimed the wear & tear allowance, which I thought was only on furnished homes or furnished holiday lettings. I have been given a p...

Navangi · Navangi

Hi Can any one guide me for Risk assessment policy as HMRC has suggested me to have risk assessment policy in place for my bookkeeping business. Thanking you in advance Regards Navangi

Adrian99 · Adrian99

Hello ! I do self employed courier work for a company. They have paid me each week but I did not write any invoices. It is time to invoice. Questions: 1. What are the must of the invoice like client name, adress etc etc I am trying to make the invoice as complete as possible. I have seen the advice on the &q...

geek84 · geek84

Hi Folks I am thinking of taking over some of the responsibilities of the treasurer and the accountant at my local place of worship. It is registered as a charity, and I would be most grateful if you kind folks out there could help with some of the queries I have - 1. Would it also need to be registered at Com...

cowslip44 · cowslip44

Hello, is someone able to help, please. I send remittance advices by email but go through a turtuous route as Sage says 'the email options are not fully configured', so I send them as attachments, which is takes time.

HumanShale · HumanShale

This is hypothetical, but I was wondering: I was thinking of the cost of sales for a cleaner (say a sole trader to keep it simple) and he buys a load of cleaning fluids that he then uses on the job. The cost of sales would include all costs incurred in doing the job, say transport costs and these products. At...

Sus · Sus

I have been doing the bookkeeping for a charity for 10 years and have been a member of staff there for 8 years. Consequently I do the wages, preparing and the bank transfers - including my own. We have a treasurer that looks at the books and they are audited once a year. We have had a new chairman come on b...

rachael-pink · rachael-pink

Hi I'm a novice at Bookkeeping. I have completed my level 3 computerised book keeping and tried to set up at home doing book keeping part time while my young children grow up! Anyway I have my first potential client. A chap who owns a garage, he sells cars etc and wants me to go and do his book keeping for hi...

Samilou67 · Samilou67

Hi If a café has a cash register that takes card sales, cheques and cash would you split the takings so that only the cash is paid into the cash register bank account and pay the card payments directly into the main company bank account or would you pay all sales into the cash register and then transfer the...

Elaine R · Elaine R

Morning All, I've just got a new client who is a market trader and also waiting to hear back about another potential client who owns a cafe. Both businesses are purely cash receipts. Obviously you wouldn't set up individual customers so should I just set up one client called Miscellaneous or somethi...

vb75 · vb75

Hi All I have a new customer who hasn't kept particularly good manual records - he has asked me to go back to 2008 and enter everything to Sage to produce him some management accounts - he's never had any before! I am actually enjoying unravelling everything but I have hit a problem and do not know the best...

barmy82 · barmy82

Hello - I am the treasurer of an amateur football club and I'm in the process of completing our 31 May 2013 accounts, ready to present to the local FA. The chairman of our club has requested payment of £113.33 for various expenses incurred during the season such as Water, First Aid Supplies etc. The pr...

Princess · Princess

A supplier issues a credit note and pays the amount into the bank. I have entered a credit on the supplier record which is fine. But how do I get that credit paid into the bank. I have tried going to Bank, Suppliers, clicking on it and saying Pay in Full but it won't let me do that. Thanks in advance.

Topic		Started By	Replies	Views	Last Post
	Is Life Insurance an allowable expense? (Preview) Hi, Please can you advise if life insurance is an allowable expense for a self employed Joiner? Thanks	blueeyes	6	4763	Sat Jul 6 18:13 2013 by Wella
	NI for self-employed person (Preview) Hi, A self-employed person received NI Contributions letter with payment of £60.95 due at the end of July. This was posted as owner's drawings on 20 March 2013. The same month (March) self-employed business became non-trading and owner formed a partnership. The owner wants to pay NI from Partnersh...	AlinaAc	1	4916	Sat Jul 6 19:30 2013 by Wella
	Accounts without opening balances (Preview) Good afternoon I am really hoping someone can advise me. I have had a request from someone who has not done their tax return for the past 3 years to do the bookkeeping on this. Of course I said I would help and it all came over in nice folders and files. There was also 3 years of payroll missing which I have n...	Taylor1	5	834	Fri Jul 5 23:56 2013 by Taylor1
	London ICB members Facebook page (Preview) Hi. Just to let those of you working and living in and around London know we now have a new Facebook page for London ICB members, which can be found at https://www.facebook.com/groups/ICBLondon/Be lovely if you could come and join us. It's a bit lonely as we've only just started it! We will use the p...	Mad Liz	0	571	Thu Jul 4 19:06 2013 by Mad Liz
	Cost of Sales or else? (Preview) Hi I am a new member here and I have a question and would appreciate if you could help me. My client is cleaning company with two people on payroll only and these people are directors and cleaners same time so my question is am I right treating their wages as Labour (Cost of Sales) or shall I classify them as...	Sunnyday	3	4787	Thu Jul 4 05:02 2013 by Sunnyday
	bookkeeping for a charity (Preview) Hi, I have just been approached by a local charity who have asked me to do a bit of work for them as a one off to bring the accounts up to date. From what i have been told it should be fairly straightforward but i was wondering if there is anything different i need to do as it is a charity or would i treat th...	stephen72	19	19934	Thu Jul 4 00:45 2013 by Life_is_too_hard
	Simple Interest, Compound Interest APR & effective interest (Preview) Hi There, Cannot find this answer anywhere on the net: So I know the calculation for simple interest p=1x1+r Compound Interest p=1x1+r^n But what I am trying to do is something similar to working out the effective interest rate from the amount of actual interest paid on top of the loan amount. The fi...	Haler	1	4668	Thu Jul 4 00:42 2013 by Cheshire
	Wear & Tear allowance (Preview) Hi everyone, I have a new client who's income is generated from 2 unfurnished properties. After looking at the previous set of accounts from the other accountant he claimed the wear & tear allowance, which I thought was only on furnished homes or furnished holiday lettings. I have been given a p...	Lisa68	8	2470	Wed Jul 3 22:12 2013 by Accountingnewby
	Risk assessment Policy (Preview) Hi Can any one guide me for Risk assessment policy as HMRC has suggested me to have risk assessment policy in place for my bookkeeping business. Thanking you in advance Regards Navangi	Navangi	11	5288	Wed Jul 3 20:32 2013 by Navangi
	Invoicing for self employed courier. (Preview) Hello ! I do self employed courier work for a company. They have paid me each week but I did not write any invoices. It is time to invoice. Questions: 1. What are the must of the invoice like client name, adress etc etc I am trying to make the invoice as complete as possible. I have seen the advice on the &q...	Adrian99	6	6014	Tue Jul 2 22:05 2013 by Adrian99
	Could someone please advice on accounting knowledge/practices of a charity (Preview) Hi Folks I am thinking of taking over some of the responsibilities of the treasurer and the accountant at my local place of worship. It is registered as a charity, and I would be most grateful if you kind folks out there could help with some of the queries I have - 1. Would it also need to be registered at Com...	geek84	2	2893	Tue Jul 2 20:37 2013 by Fiona
	configuring email on Sage instant plus (Preview) Hello, is someone able to help, please. I send remittance advices by email but go through a turtuous route as Sage says 'the email options are not fully configured', so I send them as attachments, which is takes time.	cowslip44	4	8932	Mon Jul 1 21:49 2013 by VinceH
	Cost of Sales Question (Preview) This is hypothetical, but I was wondering: I was thinking of the cost of sales for a cleaner (say a sole trader to keep it simple) and he buys a load of cleaning fluids that he then uses on the job. The cost of sales would include all costs incurred in doing the job, say transport costs and these products. At...	HumanShale	3	3699	Sat Jun 29 23:14 2013 by VinceH
	Can a staff member do bookkeeping? Conflict of interests? (Preview) I have been doing the bookkeeping for a charity for 10 years and have been a member of staff there for 8 years. Consequently I do the wages, preparing and the bank transfers - including my own. We have a treasurer that looks at the books and they are audited once a year. We have had a new chairman come on b...	Sus	2	4590	Fri Jun 28 17:12 2013 by Shamus
	Car Garage - Selling cars! (Preview) Hi I'm a novice at Bookkeeping. I have completed my level 3 computerised book keeping and tried to set up at home doing book keeping part time while my young children grow up! Anyway I have my first potential client. A chap who owns a garage, he sells cars etc and wants me to go and do his book keeping for hi...	rachael-pink	7	5530	Thu Jun 27 18:03 2013 by ClawzCTR
	Cash register question (Preview) Hi If a café has a cash register that takes card sales, cheques and cash would you split the takings so that only the cash is paid into the cash register bank account and pay the card payments directly into the main company bank account or would you pay all sales into the cash register and then transfer the...	Samilou67	1	4998	Tue Jun 25 00:55 2013 by GJRobbins
	Bookkeeping for Market Trader/Cafe (Preview) Morning All, I've just got a new client who is a market trader and also waiting to hear back about another potential client who owns a cafe. Both businesses are purely cash receipts. Obviously you wouldn't set up individual customers so should I just set up one client called Miscellaneous or somethi...	Elaine R	20	5454	Mon Jun 24 19:45 2013 by Sylvia
	Bad record keeping - how do I identify and post payments/receipts? (Preview) Hi All I have a new customer who hasn't kept particularly good manual records - he has asked me to go back to 2008 and enter everything to Sage to produce him some management accounts - he's never had any before! I am actually enjoying unravelling everything but I have hit a problem and do not know the best...	vb75	1	5204	Sun Jun 23 22:28 2013 by Shamus
	Paying the chairman of our club for expenses without receipts (Preview) Hello - I am the treasurer of an amateur football club and I'm in the process of completing our 31 May 2013 accounts, ready to present to the local FA. The chairman of our club has requested payment of £113.33 for various expenses incurred during the season such as Water, First Aid Supplies etc. The pr...	barmy82	3	4757	Sun Jun 23 14:55 2013 by NickCraggs
	Sage credit note question (Preview) A supplier issues a credit note and pays the amount into the bank. I have entered a credit on the supplier record which is fine. But how do I get that credit paid into the bank. I have tried going to Bank, Suppliers, clicking on it and saying Pay in Full but it won't let me do that. Thanks in advance.	Princess	4	1382	Fri Jun 21 20:59 2013 by Princess
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