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

Noola · Noola

I maintain a basic profit and loss account just for the director to have some idea of the monthly income and expenditure. Included in this is, income, less direct wages, less materials and plant, gross profit, less expenses, net. The bookkeeper that worked here before me has never included dividen...

beckyboo · beckyboo

Hi all, This is my first time posting on the forum but have found lots of the posts usefull so have joined myself. My question is: I have a receipt for fuel but it also has ciggarettes and a drink on the receipt. I know i can claim the vat back on the fuel so when inputting on sage i go to payment then add the deta...

Penelope Pitstop · Penelope Pitstop

I am looking for a sample chart of accounts for a letting agent, can anyone help? Thanks

JEM · JEM

I am experienced in "normal" business accounts (on Sage 50) for your typical Customer/Supplier/Bank in and out type of business, but I have been asked to set-up Sage accounts for a Property Management Company who have numerous properties with numerous Landlords and I'm confused as to w...

Nicola27 · Nicola27

I am bookkeeping for a company that owns 3 bars. Every month an extrnal company do a stocktake, and i get a figure "closing stock at cost" This has never been entered on sage, and i have never dealt with this before so i am a little confused how to enter it. I have put the stocktake figures on a spr...

Mazza64 · Mazza64

Hi All I wonder if I could have some help with this question: My Compnay had a xmas party for directors their wives and a few important business contacts. I know how to treat the Directors (Staff Ent - PSA) and the wives (Ent Wives - PSA). But how do I treat the others who are not on our payroll? Thanks in Adv...

KHagland · KHagland

I have recently started working for a new client and I am preparing commission statements for his consultants. A couple of the consultants have been given loans by the company and they are now due to have interest applied to the loans. My client has asked me to "calculate the interest due assumi...

ck1974 · ck1974

Hi there, a friend of mine is currently under investigation from HMRC. He has sent of all his documents as requested before the due date and they have not written to confirm receipt, I advised him to call them and they are saying they havent received it. What can he do now ?? he can get copy invoices and b...

Janem · Janem

I have recently been given a receipt for £200 + VAT for some software the Company purchased relating to buisness start up. This was paid for by the owners. VAT have since been submitted and this has not been included. If the receipt is dated October, and there has been a VAT return , can I simply include in...

Odin · Odin

Hi everyone, I am director/sole shareholder of a Ltd company, and I have a question in relation to correctly entering invoices paid onto the company's Cash ledger If I buy say £200 of stationery, then these are the entries I would make: CR - Cash ledger - £200 DR - Stationery legder - £200 When I come to r...

BeeBee · BeeBee

Hi everyone, I'm a sole trader, and this will be my second fiscal year trading. I've been a good girl and kept on top of my books every month, but I'm puzzling through what I'm meant to do with the money left in my account from the previous financial year. It's not profit because, well, it was there last yea...

Flex Accounting Services · Flex Accounting Services

Hi everyone, just a quickie if I may !! I know that if a Director of a ltd company gives the ltd company a loan that interest may be charged on it, but are there any thresholds to this with regards to what the interest can be charged at ??

lubish · lubish

hello, what could be the reason that a customer invoice (posted & printed) is not showing in VAT return. regards

ASpiridi · ASpiridi

doing my mock for ICB3, have a question which do not quite understand the situation. Listen to this: a new computer has been bought at a year end at a cost of 2000; the old computer has been scrapped for no proceed. The original computer was held in the accounts at a cost of 1000 with accumulated depreciat...

Lisa68 · Lisa68

Good Afternoon, I am studying for my self assessment qualification and have a friend who is self employed and after doing his own self assessment didn't need to use any of his personal allowance as his net income was below £6475, he has informed me that if you don't use up any or only part of your personal...

ukjamesuk · ukjamesuk

Hi, I'm a Sage learner and I have a problem with one exercise: I introduced capital (£55000) into my business. I paid £54000 into the bank current account and £1000 was paid into the cash account. I have created an opening balance into the nominal ledger for the capital but then I have unfortunately cre...

ck1974 · ck1974

Hi there, thanks again for all the advice Ive been given on this forum. A friend of mine has closed her cafe and sold the assets for 5K which are on the accounts as being worth £20k, she knows she cant claim depreciation for the year in which they are sold but how will she account for the difference ? She does...

tonys · tonys

Hi, I have an invoice (supplier) to put onto sage. It states Base for VAT 156.91 plus VAT 31.38 Amount due 194.4 This is if we don't take advantage of 6.11 discount. I have looked back and the previous book-keeper has had problems previously due to the fact that the owner sometimes pays on time and not oth...

nautica · nautica

Hi All Charges for uesing Ebay overheard or Direct Expence £18.00 per month Intrenet Charges 90% business 10% private Best N/C to ues for Both this is an on line business Thanks Marty

JanineE · JanineE

Hi, My client has recently given me debit card receipts which do not relate to her bank account. She has said that some of these are from her peronnal barclays account. My client (sole trader) has an account 1220 A J Private A/C Business payments, do i post to this account and the relevent expence accou...

Topic		Started By	Replies	Views	Last Post
	Dividends (Preview) I maintain a basic profit and loss account just for the director to have some idea of the monthly income and expenditure. Included in this is, income, less direct wages, less materials and plant, gross profit, less expenses, net. The bookkeeper that worked here before me has never included dividen...	Noola	3	2040	Thu Feb 17 08:24 2011 by HendyPhilhendy
	They newby (Preview) Hi all, This is my first time posting on the forum but have found lots of the posts usefull so have joined myself. My question is: I have a receipt for fuel but it also has ciggarettes and a drink on the receipt. I know i can claim the vat back on the fuel so when inputting on sage i go to payment then add the deta...	beckyboo	4	2248	Wed Feb 16 18:32 2011 by beckyboo
	Chart of Accounts for Letting Agent (Preview) I am looking for a sample chart of accounts for a letting agent, can anyone help? Thanks	Penelope Pitstop	0	2194	Wed Feb 16 12:48 2011 by Penelope Pitstop
	Advice Needed - Accounts for Property Management Company (Preview) I am experienced in "normal" business accounts (on Sage 50) for your typical Customer/Supplier/Bank in and out type of business, but I have been asked to set-up Sage accounts for a Property Management Company who have numerous properties with numerous Landlords and I'm confused as to w...	JEM	0	2472	Tue Feb 15 22:35 2011 by JEM
	trying to sort stock out! (Preview) I am bookkeeping for a company that owns 3 bars. Every month an extrnal company do a stocktake, and i get a figure "closing stock at cost" This has never been entered on sage, and i have never dealt with this before so i am a little confused how to enter it. I have put the stocktake figures on a spr...	Nicola27	10	3041	Tue Feb 15 16:14 2011 by ADAS
	ENTERTAINING (Preview) Hi All I wonder if I could have some help with this question: My Compnay had a xmas party for directors their wives and a few important business contacts. I know how to treat the Directors (Staff Ent - PSA) and the wives (Ent Wives - PSA). But how do I treat the others who are not on our payroll? Thanks in Adv...	Mazza64	0	1369	Tue Feb 15 15:23 2011 by Mazza64
	Loan Interest - Help Please! (Preview) I have recently started working for a new client and I am preparing commission statements for his consultants. A couple of the consultants have been given loans by the company and they are now due to have interest applied to the loans. My client has asked me to "calculate the interest due assumi...	KHagland	5	2219	Tue Feb 15 09:19 2011 by Shamus
	Investigation (Preview) Hi there, a friend of mine is currently under investigation from HMRC. He has sent of all his documents as requested before the due date and they have not written to confirm receipt, I advised him to call them and they are saying they havent received it. What can he do now ?? he can get copy invoices and b...	ck1974	10	1838	Tue Feb 15 09:17 2011 by ck1974
	How to record start up receipts (Preview) I have recently been given a receipt for £200 + VAT for some software the Company purchased relating to buisness start up. This was paid for by the owners. VAT have since been submitted and this has not been included. If the receipt is dated October, and there has been a VAT return , can I simply include in...	Janem	3	4360	Mon Feb 14 10:55 2011 by ukfinancials007
	Split invoices (Preview) Hi everyone, I am director/sole shareholder of a Ltd company, and I have a question in relation to correctly entering invoices paid onto the company's Cash ledger If I buy say £200 of stationery, then these are the entries I would make: CR - Cash ledger - £200 DR - Stationery legder - £200 When I come to r...	Odin	9	2122	Sun Feb 13 17:40 2011 by Rhianrach
	Remaining Balance At End Of Fiscal Year? (Preview) Hi everyone, I'm a sole trader, and this will be my second fiscal year trading. I've been a good girl and kept on top of my books every month, but I'm puzzling through what I'm meant to do with the money left in my account from the previous financial year. It's not profit because, well, it was there last yea...	BeeBee	4	1792	Sun Feb 13 14:20 2011 by MarkS
	Interest on Directors Loan (Preview) Hi everyone, just a quickie if I may !! I know that if a Director of a ltd company gives the ltd company a loan that interest may be charged on it, but are there any thresholds to this with regards to what the interest can be charged at ??	Flex Accounting Services	0	1152	Sat Feb 12 15:24 2011 by Flex Accounting Services
	invoice not showing in vat return (Preview) hello, what could be the reason that a customer invoice (posted & printed) is not showing in VAT return. regards	lubish	3	1628	Fri Feb 11 17:49 2011 by Weebly_one
	Can someone help please? (Preview) doing my mock for ICB3, have a question which do not quite understand the situation. Listen to this: a new computer has been bought at a year end at a cost of 2000; the old computer has been scrapped for no proceed. The original computer was held in the accounts at a cost of 1000 with accumulated depreciat...	ASpiridi	1	1799	Fri Feb 11 01:22 2011 by MarkS
	Personal Allowance (Preview) Good Afternoon, I am studying for my self assessment qualification and have a friend who is self employed and after doing his own self assessment didn't need to use any of his personal allowance as his net income was below £6475, he has informed me that if you don't use up any or only part of your personal...	Lisa68	8	4543	Thu Feb 10 22:08 2011 by Peasie
	Sage 50 account : question (Preview) Hi, I'm a Sage learner and I have a problem with one exercise: I introduced capital (£55000) into my business. I paid £54000 into the bank current account and £1000 was paid into the cash account. I have created an opening balance into the nominal ledger for the capital but then I have unfortunately cre...	ukjamesuk	8	4366	Thu Feb 10 21:28 2011 by ukjamesuk
	Cafe Closed. (Preview) Hi there, thanks again for all the advice Ive been given on this forum. A friend of mine has closed her cafe and sold the assets for 5K which are on the accounts as being worth £20k, she knows she cant claim depreciation for the year in which they are sold but how will she account for the difference ? She does...	ck1974	8	1614	Thu Feb 10 16:36 2011 by MarkS
	Sage invoice discount (Preview) Hi, I have an invoice (supplier) to put onto sage. It states Base for VAT 156.91 plus VAT 31.38 Amount due 194.4 This is if we don't take advantage of 6.11 discount. I have looked back and the previous book-keeper has had problems previously due to the fact that the owner sometimes pays on time and not oth...	tonys	3	2655	Thu Feb 10 16:03 2011 by tonys
	Ebay Charges (Preview) Hi All Charges for uesing Ebay overheard or Direct Expence £18.00 per month Intrenet Charges 90% business 10% private Best N/C to ues for Both this is an on line business Thanks Marty	nautica	3	1154	Thu Feb 10 15:04 2011 by nautica
	Sole Trader personal account (Preview) Hi, My client has recently given me debit card receipts which do not relate to her bank account. She has said that some of these are from her peronnal barclays account. My client (sole trader) has an account 1220 A J Private A/C Business payments, do i post to this account and the relevent expence accou...	JanineE	1	1714	Thu Feb 10 14:36 2011 by Wella
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