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

Poppet · Poppet

Hi all, I have just joined the organisation with a very poor book-keeping & accountancy record and noticed that accruals are effectively not being reversed (at all, ever!!). Hence, I have no o/ bal. (Dr) on Accruals in the financial year. The problem I have is that the number of them need to be reve...

Bmonster · Bmonster

I have a sales invoice dated April but it needs to be included in my march figures - what is my journal entry?

MarkS · MarkS

This is a question more directed to the accountants out there. To date I have done some tax returns on my own but now someone has approached me to do their limited company accounts, personal tax return, company tax return and P11d. I know that i will need to get some kind of software to take care of the comp...

kirstie27488 · kirstie27488

Hi Everyone, My year end is 31 March 2011, i carried out some work for my clients In March, but have not invoice them until April. How do i accrue this into my final accounts. Would it be CR Sales DR work in progress? Thanks in advance.

Pemshome · Pemshome

Hi everyone Firstly I would like to say how grateful I am for this site and how helpful everyone is. I am covering maternity leave for a Ltd company doing the sales ledger and management accounts. The companies year end is 31 December and the accounts where audited. Due to the audit the monthly close...

HendyPhilhendy · HendyPhilhendy

This is geared more towards the accountants here but I'd appreciate the thoughts of bookkeepers who would see the end accounts.I have recently started using a new software package to produce my accounts and file in iXBRL.The filing system seems very good and I have successfully filed Company accou...

djzolla · djzolla

Hi there I have some business expenses to input into Sage for the first time. Basically one of the directors of the business has got some travel expenses with no receipts. My first question is how do I account for an expense with no receipt? Would the taxman be unhappy that there is nothing to show that th...

semsley · semsley

One client on cash accounting - using Sage, has just commenced paying electricity by monthly fixed direct debit (easier on the cash flow), however, what is the best way to account for the VAT? The DD is for 595 per month, when the first month's invoice was received it was for around 395. Say the 595 payme...

Ridesy · Ridesy

Hi, Simple question really. We are now in month 10 of our accounting year and I am looking at forecasting full year figures as all sales orders we have that can be deilvered by year end are in now and pretty much finalised. I have also spotted two items of travel expenditure that will be moved into the next...

Noola · Noola

Does anyone know where I could get those sticky labels for purchase invoices which say paid and the date received, date paid and invoice code on them?

chellawson · chellawson

Hi all, I have purchase a new laptop for business use but am unsure how to put it into my year end account. Would I just add it as an expense under Computer? Any advice greatly recieved

semsley · semsley

Must admit I don't know much about this but one of my clients has two directors who in 2011/12 will hit the 40% tax band due to the lowering of this from 37400 to 35000 (without their salaries increasing). One has young children and worries about losing his child benefit in, I think 2012, so they are look...

howtodoit · howtodoit

Hello, my client uses her home for work (limited company), she had a separate room, but now that she thinks of employing someone full time, she hired a building company to extend that room, make a separate entrance, toilet and a little kitchennette. Can the company claim cost of the works done as a bu...

sarahleighton · sarahleighton

Hi All Did HMRC relax the rules for Gift Aid in the latest Budget? I thought there was something but don't seem to be able to find it on HMRC website. My mother is running a small event in aid of charity next month. Does she need to ask people to fill in a Gift Aid form when purchasing their tickets so that the c...

tigerlily59 · tigerlily59

Hi I have taken over from another bookkeeper a short while ago, and I am having a nightmare sorting the books out, apart from unreconciled bank accounts and unreconciled VAT accounts (since 2007 no less!!) I now have another issue with the chart of accounts. One example workwear is 5004 Nominal, it s...

KHagland · KHagland

Hello all, I have a new client (woo hoo!) who uses Sage Instant. I am just taking over his books and want to make sure everything is correct before I start. There is a customer account which has an overall balance of £204.60 credit. This is an overpayment. The customer was originally invoiced with VA...

paulb · paulb

i have over paid a creditor by 1000 euro and now have received a refund of this amount. i have read some threads and the suggest writing an inv to the suspense account ant then proccing a receipt to the suspense account. however when i do this the creditors control account does not agree with my creditors...

Bizzy · Bizzy

Hi everybody, Before I ask my question I'd just like to say how helpful I have found your forum in the past and thanks in advance for any help offered regarding my current dilemma. I have just completed a Level 2 computerised exam on Sage. Opening balances of £3000 Accruals needed reversing to Acc...

Terry · Terry

Hi Everyone Was hoping I could get some direction on this. I need to do a Sales & Purchase ledger reconciliation and dont have a clue how to go about it. Ive just started a course with a view to setting up my own business, so would welcome all the help possible. Thanks!

additionsbookkeeping · additionsbookkeeping

I hope someone can help me, my little brain is hurting me thinking this one through!! Payroll is not my bag at all!! I am newly a director of a company selling bathroom & kitchen sinks with my partner also as a director. As I work in this business more than he does we have agreed that I will take a small wa...

Topic		Started By	Replies	Views	Last Post
	Missing opening balance on accruals... (Preview) Hi all, I have just joined the organisation with a very poor book-keeping & accountancy record and noticed that accruals are effectively not being reversed (at all, ever!!). Hence, I have no o/ bal. (Dr) on Accruals in the financial year. The problem I have is that the number of them need to be reve...	Poppet	2	5931	Mon Apr 18 17:42 2011 by Poppet
	Accruals and prepayments (Preview) I have a sales invoice dated April but it needs to be included in my march figures - what is my journal entry?	Bmonster	7	6165	Mon Apr 18 16:27 2011 by HendyPhilhendy
	What software do you use to do accounts and tax return (Preview) This is a question more directed to the accountants out there. To date I have done some tax returns on my own but now someone has approached me to do their limited company accounts, personal tax return, company tax return and P11d. I know that i will need to get some kind of software to take care of the comp...	MarkS	6	7001	Mon Apr 18 13:45 2011 by gbm
	accrued income (Preview) Hi Everyone, My year end is 31 March 2011, i carried out some work for my clients In March, but have not invoice them until April. How do i accrue this into my final accounts. Would it be CR Sales DR work in progress? Thanks in advance.	kirstie27488	3	4667	Sat Apr 16 18:50 2011 by Stardoe
	Nominal Ledger and Datafile (Preview) Hi everyone Firstly I would like to say how grateful I am for this site and how helpful everyone is. I am covering maternity leave for a Ltd company doing the sales ledger and management accounts. The companies year end is 31 December and the accounts where audited. Due to the audit the monthly close...	Pemshome	0	939	Sat Apr 16 09:14 2011 by Pemshome
	Presentation issues within the final accounts final accounts presentation ixbrl company accounts (Preview) This is geared more towards the accountants here but I'd appreciate the thoughts of bookkeepers who would see the end accounts.I have recently started using a new software package to produce my accounts and file in iXBRL.The filing system seems very good and I have successfully filed Company accou...	HendyPhilhendy	9	9607	Fri Apr 15 15:08 2011 by YLB-HO
	Business Expenses (Preview) Hi there I have some business expenses to input into Sage for the first time. Basically one of the directors of the business has got some travel expenses with no receipts. My first question is how do I account for an expense with no receipt? Would the taxman be unhappy that there is nothing to show that th...	djzolla	8	8369	Fri Apr 15 05:05 2011 by davesydney84
	Cash Accounting, VAT and DDs (Preview) One client on cash accounting - using Sage, has just commenced paying electricity by monthly fixed direct debit (easier on the cash flow), however, what is the best way to account for the VAT? The DD is for 595 per month, when the first month's invoice was received it was for around 395. Say the 595 payme...	semsley	9	7151	Thu Apr 14 21:34 2011 by ADAS
	Year End Pre-Payments/Accruals - OK to do during year? (Preview) Hi, Simple question really. We are now in month 10 of our accounting year and I am looking at forecasting full year figures as all sales orders we have that can be deilvered by year end are in now and pretty much finalised. I have also spotted two items of travel expenditure that will be moved into the next...	Ridesy	6	5917	Wed Apr 13 19:17 2011 by semsley
	Invoice labels (Preview) Does anyone know where I could get those sticky labels for purchase invoices which say paid and the date received, date paid and invoice code on them?	Noola	4	7163	Wed Apr 13 14:58 2011 by Wella
	Expenses (Preview) Hi all, I have purchase a new laptop for business use but am unsure how to put it into my year end account. Would I just add it as an expense under Computer? Any advice greatly recieved	chellawson	3	3529	Tue Apr 12 11:38 2011 by gbm
	Salary sacrifice (Preview) Must admit I don't know much about this but one of my clients has two directors who in 2011/12 will hit the 40% tax band due to the lowering of this from 37400 to 35000 (without their salaries increasing). One has young children and worries about losing his child benefit in, I think 2012, so they are look...	semsley	6	12171	Mon Apr 11 22:09 2011 by semsley
	Building an office in private house (Preview) Hello, my client uses her home for work (limited company), she had a separate room, but now that she thinks of employing someone full time, she hired a building company to extend that room, make a separate entrance, toilet and a little kitchennette. Can the company claim cost of the works done as a bu...	howtodoit	6	6033	Mon Apr 11 19:11 2011 by YLB-HO
	Gift Aid (Preview) Hi All Did HMRC relax the rules for Gift Aid in the latest Budget? I thought there was something but don't seem to be able to find it on HMRC website. My mother is running a small event in aid of charity next month. Does she need to ask people to fill in a Gift Aid form when purchasing their tickets so that the c...	sarahleighton	2	5606	Fri Apr 8 14:18 2011 by sarahleighton
	Chart of accounts and nominals (Preview) Hi I have taken over from another bookkeeper a short while ago, and I am having a nightmare sorting the books out, apart from unreconciled bank accounts and unreconciled VAT accounts (since 2007 no less!!) I now have another issue with the chart of accounts. One example workwear is 5004 Nominal, it s...	tigerlily59	4	5849	Fri Apr 8 06:53 2011 by tigerlily59
	Help with correction on Sage (Preview) Hello all, I have a new client (woo hoo!) who uses Sage Instant. I am just taking over his books and want to make sure everything is correct before I start. There is a customer account which has an overall balance of £204.60 credit. This is an overpayment. The customer was originally invoiced with VA...	KHagland	9	11968	Thu Apr 7 21:12 2011 by Stardoe
	overpayment of creditor (Preview) i have over paid a creditor by 1000 euro and now have received a refund of this amount. i have read some threads and the suggest writing an inv to the suspense account ant then proccing a receipt to the suspense account. however when i do this the creditors control account does not agree with my creditors...	paulb	11	9236	Thu Apr 7 18:38 2011 by Rhianrach
	Sage Exam (Preview) Hi everybody, Before I ask my question I'd just like to say how helpful I have found your forum in the past and thanks in advance for any help offered regarding my current dilemma. I have just completed a Level 2 computerised exam on Sage. Opening balances of £3000 Accruals needed reversing to Acc...	Bizzy	7	6345	Thu Apr 7 17:58 2011 by Stardoe
	Reconciling (Preview) Hi Everyone Was hoping I could get some direction on this. I need to do a Sales & Purchase ledger reconciliation and dont have a clue how to go about it. Ive just started a course with a view to setting up my own business, so would welcome all the help possible. Thanks!	Terry	5	14428	Thu Apr 7 11:22 2011 by fairyflower
	Directors Salary & Dividends (Preview) I hope someone can help me, my little brain is hurting me thinking this one through!! Payroll is not my bag at all!! I am newly a director of a company selling bathroom & kitchen sinks with my partner also as a director. As I work in this business more than he does we have agreed that I will take a small wa...	additionsbookkeeping	6	5915	Wed Apr 6 12:31 2011 by additionsbookkeeping
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