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

CountryGirl · CountryGirl

I have recently taken over the books for a small company....which are in quite a mess. The previous bookkeeper has set the director's expenses up as if they were suppliers, which ordinarily wouldn't be an issue as I would just pay the "supplier" then proceed to pay expenses through the nom...

mandan80 · mandan80

Hi All I am new, so please accept my apologies if this has been posted elsewhere! I am trying to post a Van purchase under HP on sage but am a little confused... I posted the invoice for the van £7995 + £1599 for the vat I then posted the payment (£1599 for the vat) I credited the invoice balance of £7995 to 00...

Zigs · Zigs

Hi Ive received my ACCA PC, thank you to everyone who commented on my previous posts Im setting up in practise and was looking at some tax books and tools for independent examinations. I looked on the CCH website but it looks so expensive. Does anyone know of any other supplier, from where i could purcha...

QBE Book-Keeping · QBE Book-Keeping

I have a new client who has a Euro account. I have a couple of questions that need clarifying. 1) In order to convert the Euros to Sterling do I just use the rates on the HMRC website. 2) Can my client claim bank charges in Euros? I'm assuming so as it is a business acount. 3) My client did some training in Holl...

Spamkebab · Spamkebab

Is the Sarbanes Oxley act the Yankee version of IFRS? I need to know whether a UK comapny (3 shareholders) has to comply with the SOX act. All i've read, covers US companies with over 500 shareholders. Thanks for any info. Neil.

Elaine R · Elaine R

Hi All, I have finally got started with my first client. Not such a smooth start though. The client has moved from manual bookkeeping over to Sage instants. Purchase invoices have been entered incorrectly so have had to be reversed off. Unallocated payments posted when no invoices posted. I've g...

Rochie · Rochie

Hi Guys, please can you pass on your superior wisdom Company a has paid company b's invoices what is the journal entry COMPANY A dr intercompany cr bank COMPANY B dr creditors cr bank Is this correct and what happens when its repaid? Thanks in advance

morgwick · morgwick

Hi, does anyone know if HMRC allow you to claim wear & tear on your home when used for dog boarding? My client, per the licence that the council has given them, states they must replace carpets when they become badly soiled to avoid cross contamination. There's also damage to paint, furniture etc....

Amanda · Amanda

Well I have finally joined today, although I have no idea if I have done it correct!! I joined because someone invited me to from a networking event I went to the other day. Can someone enlighting me as to how it actually works and what I am meant to do with it! I have asked my eldest son as hes very into thi...

ClarePope · ClarePope

Hi everyone, I am wondering if anyone could help me with the following issue I have. I recently lost my sister to cancer and my sister used to complete her husbands books for him ready for the accountant. I have offered to help as he is struggling trying to run his own gardening business and look af...

BookkeeperBasingstoke · BookkeeperBasingstoke

I am a freelance Bookkeeper and I have been asked to quote for a job which includes filing the year end for an LLP. I would like use an Accountant to do this for me, does anyone else use an Accountant for year ends, tax returns, payroll that sort of thing or do you do it all in house? Thank You

xantia743 · xantia743

One of my clients does their own bookkeeping and I help and advise and do their payroll/cis They have recorded payments from the bank to 2220 so they could keep their bank ledger up to date. Obviously that should have been 6002 but can be easily rectified with a journal. The problem I have is how do we rec...

morgwick · morgwick

Hi all.. sorry its been a while since visiting here. Had a bit of luck with some jobs so been trying to keep busy. I was wondering if I could get some advice on the following. A client is running a dog walking / boarding business from home. She is registered with local authorities which allow her to keep 5 do...

Stanna · Stanna

Hi All As described in title Im new to bookeeping. My partner has started a business from scratch and although slow business is picking up. She is sole Director and I have a fulltime job. I did a little bit sometime ago for a social club and all i remember is double entry bookeeping (dont laugh). I found i...

VinceH · A

Hi All I'm about to start working with architects, who use umbrella company. Can anyone explain how does umbrella company work? Many thanks A

Just Fascinating · Just Fascinating

Hi I'm meeting a prospective customer tomorrow and wondered if there was anything I should be aware of specific to this industry in relation to bookkeeping & VAT. - such as accounting for repairs on properties are they only recorded on the landlords account & not put through the Letting Agen...

Ridesy · Ridesy

Hi All, Noble sentiment I hope, but our business is growing well (import/export in cosmetics) and having "reasonably succesfully" done basic book-keeping (with our accountants and your help), I'd like to try and get our eldest daughter in to take over for us and to learn correct book-ke...

NA_AA · NA_AA

client has asked what the tax implications are if he gets a toyota prius car on a lease back / contract hire what costs can be incurred by the clients business and the director (ltd company with 1 director). Please advice where i can get information on this plus what calculations i need to compute to esta...

Mr Debit · Mr Debit

Hi , I have a client who has a current account and a deposit account, the latter with a substantial balance. In the current account he keeps a cleared balance of £5k and there are daily transfers to the deposit account.No other direct payments are made into the deposit account When I prepare the bank rec...

NA_AA · NA_AA

Can you run a creditors ageing report in sage even is there are no outstanding invoices? alternativley, is there a report in sage which shows there are no outstanding supplier invoices at a specified time?

Topic		Started By	Replies	Views	Last Post
	Expenses....and previous bookkeeper :( (Preview) I have recently taken over the books for a small company....which are in quite a mess. The previous bookkeeper has set the director's expenses up as if they were suppliers, which ordinarily wouldn't be an issue as I would just pay the "supplier" then proceed to pay expenses through the nom...	CountryGirl	5	1827	Tue Nov 27 17:52 2012 by Figurate
	HP Postings Sage (Preview) Hi All I am new, so please accept my apologies if this has been posted elsewhere! I am trying to post a Van purchase under HP on sage but am a little confused... I posted the invoice for the van £7995 + £1599 for the vat I then posted the payment (£1599 for the vat) I credited the invoice balance of £7995 to 00...	mandan80	3	2674	Sun Nov 25 20:24 2012 by VinceH
	Accounting books (Preview) Hi Ive received my ACCA PC, thank you to everyone who commented on my previous posts Im setting up in practise and was looking at some tax books and tools for independent examinations. I looked on the CCH website but it looks so expensive. Does anyone know of any other supplier, from where i could purcha...	Zigs	2	11181	Sun Nov 25 08:34 2012 by Zigs
	Foreign Bank accounts (Preview) I have a new client who has a Euro account. I have a couple of questions that need clarifying. 1) In order to convert the Euros to Sterling do I just use the rates on the HMRC website. 2) Can my client claim bank charges in Euros? I'm assuming so as it is a business acount. 3) My client did some training in Holl...	QBE Book-Keeping	1	3190	Sat Nov 24 18:28 2012 by Dalbir
	SOX act 2002 (Preview) Is the Sarbanes Oxley act the Yankee version of IFRS? I need to know whether a UK comapny (3 shareholders) has to comply with the SOX act. All i've read, covers US companies with over 500 shareholders. Thanks for any info. Neil.	Spamkebab	2	1731	Sat Nov 24 02:09 2012 by Spamkebab
	First Client (Preview) Hi All, I have finally got started with my first client. Not such a smooth start though. The client has moved from manual bookkeeping over to Sage instants. Purchase invoices have been entered incorrectly so have had to be reversed off. Unallocated payments posted when no invoices posted. I've g...	Elaine R	14	2430	Fri Nov 23 23:51 2012 by Amanda
	Intercompany loan a/c (Preview) Hi Guys, please can you pass on your superior wisdom Company a has paid company b's invoices what is the journal entry COMPANY A dr intercompany cr bank COMPANY B dr creditors cr bank Is this correct and what happens when its repaid? Thanks in advance	Rochie	3	4247	Fri Nov 23 04:38 2012 by Rochie
	Wear & Tear (Preview) Hi, does anyone know if HMRC allow you to claim wear & tear on your home when used for dog boarding? My client, per the licence that the council has given them, states they must replace carpets when they become badly soiled to avoid cross contamination. There's also damage to paint, furniture etc....	morgwick	29	4783	Thu Nov 22 23:34 2012 by Don Tax
	Linkedin need some help (Preview) Well I have finally joined today, although I have no idea if I have done it correct!! I joined because someone invited me to from a networking event I went to the other day. Can someone enlighting me as to how it actually works and what I am meant to do with it! I have asked my eldest son as hes very into thi...	Amanda	26	5571	Thu Nov 22 23:33 2012 by Sylvia
	Plea for much needed help!!! Help PAYE (Preview) Hi everyone, I am wondering if anyone could help me with the following issue I have. I recently lost my sister to cancer and my sister used to complete her husbands books for him ready for the accountant. I have offered to help as he is struggling trying to run his own gardening business and look af...	ClarePope	1	4722	Thu Nov 22 18:53 2012 by Figurate
	Question for Bookkeepers re Accountancy Support (Preview) I am a freelance Bookkeeper and I have been asked to quote for a job which includes filing the year end for an LLP. I would like use an Accountant to do this for me, does anyone else use an Accountant for year ends, tax returns, payroll that sort of thing or do you do it all in house? Thank You	BookkeeperBasingstoke	0	1457	Wed Nov 21 20:25 2012 by BookkeeperBasingstoke
	Sage 50 - CIS payments made but incorrectly recorded (Preview) One of my clients does their own bookkeeping and I help and advise and do their payroll/cis They have recorded payments from the bank to 2220 so they could keep their bank ledger up to date. Obviously that should have been 6002 but can be easily rectified with a journal. The problem I have is how do we rec...	xantia743	0	1500	Wed Nov 21 18:42 2012 by xantia743
	Use of Home - More than just an office (Preview) Hi all.. sorry its been a while since visiting here. Had a bit of luck with some jobs so been trying to keep busy. I was wondering if I could get some advice on the following. A client is running a dog walking / boarding business from home. She is registered with local authorities which allow her to keep 5 do...	morgwick	3	1833	Wed Nov 21 04:51 2012 by morgwick
	New to Bookeeping - New Business (Preview) Hi All As described in title Im new to bookeeping. My partner has started a business from scratch and although slow business is picking up. She is sole Director and I have a fulltime job. I did a little bit sometime ago for a social club and all i remember is double entry bookeeping (dont laugh). I found i...	Stanna	2	2089	Tue Nov 20 03:49 2012 by Don Tax
	How does umbrella company work? (Preview) Hi All I'm about to start working with architects, who use umbrella company. Can anyone explain how does umbrella company work? Many thanks A	A	29	15386	Mon Nov 19 23:05 2012 by VinceH
	Bookkeeping for Letting Agent - Ltd & VAT registered? (Preview) Hi I'm meeting a prospective customer tomorrow and wondered if there was anything I should be aware of specific to this industry in relation to bookkeeping & VAT. - such as accounting for repairs on properties are they only recorded on the landlords account & not put through the Letting Agen...	Just Fascinating	2	5412	Mon Nov 19 02:06 2012 by Just Fascinating
	Want to get daughter into business as bookkeeper - best courses?? (Preview) Hi All, Noble sentiment I hope, but our business is growing well (import/export in cosmetics) and having "reasonably succesfully" done basic book-keeping (with our accountants and your help), I'd like to try and get our eldest daughter in to take over for us and to learn correct book-ke...	Ridesy	2	4294	Sun Nov 18 11:14 2012 by YLB-HO
	Advice required: Car Lease/contract hire (Preview) client has asked what the tax implications are if he gets a toyota prius car on a lease back / contract hire what costs can be incurred by the clients business and the director (ltd company with 1 director). Please advice where i can get information on this plus what calculations i need to compute to esta...	NA_AA	3	3910	Sat Nov 17 07:19 2012 by MarkS
	Bank reconcilation issue (Preview) Hi , I have a client who has a current account and a deposit account, the latter with a substantial balance. In the current account he keeps a cleared balance of £5k and there are daily transfers to the deposit account.No other direct payments are made into the deposit account When I prepare the bank rec...	Mr Debit	3	3030	Sat Nov 17 01:00 2012 by NWN Blue Squared
	Creditor ageing report in sage (Preview) Can you run a creditors ageing report in sage even is there are no outstanding invoices? alternativley, is there a report in sage which shows there are no outstanding supplier invoices at a specified time?	NA_AA	3	4551	Fri Nov 16 06:08 2012 by MarkS
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