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

buckland10 · buckland10

Hi, we printed out some brochures for a client and posted them so need to reclaim these costs from the client. If the printing invoice states £80 net + £16 vat what do I charge the client? We are VAT registered so do I charge them £80 + £16 vat or the full amount £96 + £19.20 vat? And when I enter the invoice o...

morgwick · morgwick

Hi, could someone confirm that I am treating retained holiday pay correctly (for a payroll umbrella) I'm assuming that the holiday pay is deducted from the net pay, so am I right in that I should gross up wages by the amount retained and credit a creditor control account for retained holiday pay. When...

Helz · Helz

Hi I'm hoping someone can help me with this! My brother in law & his partner recently set up a monthly poultry auction (he's an auctioneer, makes sense to them) When he started, he said he'd checked re VAT and would only have to register if his commission turned over more than £73k, and he could use th...

Ciawoman · Ciawoman

Hi Could anyone advise me how I can calculate goodwill. The company has only been trading for one year with a Net Profit of 80,000 and is now a Limited Company. Thanks

alto · alto

Does anyone know if it's possible to run a detailed trial balance on Sage Instant Accounts V.10, under financials and trial there is no detailed option like there is under the audit trail option... Many thanks, Alto

sally-anne · sally-anne

Hi Shaun Hope you are well. I am always looking out for a good accounting book(even though my collection is getting bigger by the minute), just today received a brillant book from Amazon it was published this year Accounting Simplified by Hilary Fortes, (you can see inside this book on Amazon), just...

sammy1 · sammy1

Hi I have a client who is making one of his employees redundant whilst on maternity leave. Whilst I understand that we must honour the rest of her maternity pay, do we do the redundancy pay the same day as her last maternity pay date, even though her role is now actually redundant? Thanks for anyones adv...

djzolla · djzolla

Hi there I live in London and was wondering whether someone could give me a ballpark figure for some accounting work? Basically we need our statutory accounts done as well as our CT worked out and everything filed online with HMRC. Our accountant wants in the region of £800-900. This sounds like a lar...

Suebowman · Suebowman

Hi there, A client of mine has 'created' an asset - basically written some software which will be used by the company but also sold to other companies. They want to show this as an asset on the BS which seems fair enough but I'm not sure what the double entry would be for this, I can dr an asset account but whe...

Palawan · Palawan

I've started helping out with the books for a small company and have a question regarding petty cash. It looks like the practice has been to take petty cash from cash payments made by customers. This practice seems to go against what I am learning on my book keeping course ! Would you advise that toppin...

Staceyrizzo86 · Staceyrizzo86

Hi! I have just started work for a guy that runs burger vans (exciting times!). He has handed me 6 folders, FULL of 2010-11 receipts. There is no previous years books/trial balances/anything to pick up from. There are also no bank statements, although he has told me after all expenditure he earns ar...

sally-anne · sally-anne

Hi Guys I am doing an exercise on my A Level course, the answer is not in the book. I have got to prepare a TP&L account for the year ended 31 Dec 2007.On the amendments this is the question I am stuck on. The building was revalued by an independent and qualified industry specialist on 1 Jan 2007 the val...

becca21 · becca21

I am studying an AAT course from home and completely confused as to how I show the disposal figure on the extended trial balance. The question is: A vehicle was disposed of during the year, the original cost was £12,000, the accumulated depreciation for the vehicle is £5,000 and the proceeds received...

Aleksandra · Aleksandra

Hi, Business registered in June 2011 but on the HMRC online services website shows "File return for 2010-11" and "Tax year ending 05 April 2011" (See the attachement). A bit strange... I can not remember seeing that before. Do you think it may be an error with a business star...

Vicki Newman · Vicki Newman

Hello, Please could some one help me. My client has paid for some of her expenses from her personal account, how will I recored this? I am using VT cash book and only have her current ''business'' account set up and a cash in hand account. As far as I can see she hasn't reimburrsed herself for these expens...

alto · alto

This might be another impossible one to answer! but.... our yearly bill from our accountants is pretty huge and I suspect i'm getting the same things wrong on our accounts every year, but funnily enough they don't want to tell me what those things are! we're contemplating changing from our large acco...

MariaReed · MariaReed

Hi all, This is going to be such an obvious question that I'm almost too afriad to ask. My client's year end was 30th June. I'm now getting invoices and receipts and doing payments in July. Can I enter these to Sage now or do I have to wait until I've run the year end...but that would be stupid, surely I won'...

DCT · DCT

Hi I'm a new member, I decided to go self employed in April, I am a full AAT member and waiting for my MIP certification to be approved, I have P11 cover - thanks to BKN, best cover at realy competative rates I could find- and years of practical experience working with sage accounts for small companies and...

lor · lor

Exuse the pun, I wait a while for them to come along, (except regulars), then I get a influx of clients all at once, then I can't refuse any as i know that it could potentially go quiet again, so I have been flat out for the last 2 months ish, and had the highest sales figure so far since I started the business...

SAC · SAC

I have always used the standard way of using Sage, but I now have been asked to do someones accounts which use the cash accounting system for the VAT. Is there much difference in this, and where can i get details of how to process invoices/receipts etc the correct way for this type of system? Thank...

Topic		Started By	Replies	Views	Last Post
	Invoicing customer for postage costs (Preview) Hi, we printed out some brochures for a client and posted them so need to reclaim these costs from the client. If the printing invoice states £80 net + £16 vat what do I charge the client? We are VAT registered so do I charge them £80 + £16 vat or the full amount £96 + £19.20 vat? And when I enter the invoice o...	buckland10	1	5176	Thu Jul 14 19:45 2011 by Stuartbham
	Retained Holiday Pay (Preview) Hi, could someone confirm that I am treating retained holiday pay correctly (for a payroll umbrella) I'm assuming that the holiday pay is deducted from the net pay, so am I right in that I should gross up wages by the amount retained and credit a creditor control account for retained holiday pay. When...	morgwick	1	6356	Thu Jul 14 19:41 2011 by Stuartbham
	Poultry Auctioneer (Preview) Hi I'm hoping someone can help me with this! My brother in law & his partner recently set up a monthly poultry auction (he's an auctioneer, makes sense to them) When he started, he said he'd checked re VAT and would only have to register if his commission turned over more than £73k, and he could use th...	Helz	3	6763	Thu Jul 14 18:19 2011 by Wella
	Calculating Goodwill (Preview) Hi Could anyone advise me how I can calculate goodwill. The company has only been trading for one year with a Net Profit of 80,000 and is now a Limited Company. Thanks	Ciawoman	2	5019	Thu Jul 14 17:51 2011 by Ciawoman
	Detailed trial balance on Sage Instant Accounts Version 10 (Preview) Does anyone know if it's possible to run a detailed trial balance on Sage Instant Accounts V.10, under financials and trial there is no detailed option like there is under the audit trail option... Many thanks, Alto	alto	4	8090	Thu Jul 14 17:35 2011 by alto
	Message for Shamus (Preview) Hi Shaun Hope you are well. I am always looking out for a good accounting book(even though my collection is getting bigger by the minute), just today received a brillant book from Amazon it was published this year Accounting Simplified by Hilary Fortes, (you can see inside this book on Amazon), just...	sally-anne	2	4710	Thu Jul 14 12:46 2011 by sally-anne
	Redundancy while on Maternity (Preview) Hi I have a client who is making one of his employees redundant whilst on maternity leave. Whilst I understand that we must honour the rest of her maternity pay, do we do the redundancy pay the same day as her last maternity pay date, even though her role is now actually redundant? Thanks for anyones adv...	sammy1	5	8281	Wed Jul 13 21:39 2011 by Stardoe
	Statutory Accounts and filing CT (Preview) Hi there I live in London and was wondering whether someone could give me a ballpark figure for some accounting work? Basically we need our statutory accounts done as well as our CT worked out and everything filed online with HMRC. Our accountant wants in the region of £800-900. This sounds like a lar...	djzolla	6	5856	Wed Jul 13 20:23 2011 by Abdu 48
	Creation of an asset (Preview) Hi there, A client of mine has 'created' an asset - basically written some software which will be used by the company but also sold to other companies. They want to show this as an asset on the BS which seems fair enough but I'm not sure what the double entry would be for this, I can dr an asset account but whe...	Suebowman	4	8236	Wed Jul 13 12:40 2011 by Suebowman
	Petty Cash (Preview) I've started helping out with the books for a small company and have a question regarding petty cash. It looks like the practice has been to take petty cash from cash payments made by customers. This practice seems to go against what I am learning on my book keeping course ! Would you advise that toppin...	Palawan	4	5814	Tue Jul 12 20:20 2011 by semsley
	What can I do? (Preview) Hi! I have just started work for a guy that runs burger vans (exciting times!). He has handed me 6 folders, FULL of 2010-11 receipts. There is no previous years books/trial balances/anything to pick up from. There are also no bank statements, although he has told me after all expenditure he earns ar...	Staceyrizzo86	9	6047	Tue Jul 12 20:15 2011 by ADAS
	Question about Revalation Reserves (Preview) Hi Guys I am doing an exercise on my A Level course, the answer is not in the book. I have got to prepare a TP&L account for the year ended 31 Dec 2007.On the amendments this is the question I am stuck on. The building was revalued by an independent and qualified industry specialist on 1 Jan 2007 the val...	sally-anne	10	7374	Tue Jul 12 12:03 2011 by Wella
	Extended Trial Balance (Preview) I am studying an AAT course from home and completely confused as to how I show the disposal figure on the extended trial balance. The question is: A vehicle was disposed of during the year, the original cost was £12,000, the accumulated depreciation for the vehicle is £5,000 and the proceeds received...	becca21	1	8115	Tue Jul 12 09:06 2011 by gbm
	Online HMRC services (Preview) Hi, Business registered in June 2011 but on the HMRC online services website shows "File return for 2010-11" and "Tax year ending 05 April 2011" (See the attachement). A bit strange... I can not remember seeing that before. Do you think it may be an error with a business star...	Aleksandra	5	6506	Mon Jul 11 15:27 2011 by Don Tax
	Business expenses paid from a private account (Preview) Hello, Please could some one help me. My client has paid for some of her expenses from her personal account, how will I recored this? I am using VT cash book and only have her current ''business'' account set up and a cash in hand account. As far as I can see she hasn't reimburrsed herself for these expens...	Vicki Newman	8	6101	Mon Jul 11 12:06 2011 by Shamus
	Things to check before accounts handed over to accountant! (Preview) This might be another impossible one to answer! but.... our yearly bill from our accountants is pretty huge and I suspect i'm getting the same things wrong on our accounts every year, but funnily enough they don't want to tell me what those things are! we're contemplating changing from our large acco...	alto	9	6175	Sun Jul 10 08:50 2011 by alto
	Sage Year End - what are the usual steps (Preview) Hi all, This is going to be such an obvious question that I'm almost too afriad to ask. My client's year end was 30th June. I'm now getting invoices and receipts and doing payments in July. Can I enter these to Sage now or do I have to wait until I've run the year end...but that would be stupid, surely I won'...	MariaReed	5	7101	Sat Jul 9 22:05 2011 by Stardoe
	Start up advice and how to promote my business sought (Preview) Hi I'm a new member, I decided to go self employed in April, I am a full AAT member and waiting for my MIP certification to be approved, I have P11 cover - thanks to BKN, best cover at realy competative rates I could find- and years of practical experience working with sage accounts for small companies and...	DCT	2	5736	Sat Jul 9 15:34 2011 by DCT
	my clients are like buses! (Preview) Exuse the pun, I wait a while for them to come along, (except regulars), then I get a influx of clients all at once, then I can't refuse any as i know that it could potentially go quiet again, so I have been flat out for the last 2 months ish, and had the highest sales figure so far since I started the business...	lor	2	4847	Fri Jul 8 20:41 2011 by lor
	Cash Accounting in Sage (Preview) I have always used the standard way of using Sage, but I now have been asked to do someones accounts which use the cash accounting system for the VAT. Is there much difference in this, and where can i get details of how to process invoices/receipts etc the correct way for this type of system? Thank...	SAC	8	10722	Fri Jul 8 17:42 2011 by Donna CBK
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