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

adi2402 · adi2402

I'm in no way a sage expert but a company recently had a VAT inspection and during the course of the inspection it was found to be a problem with the sage recurring entries. It turns out that when the client switched to the 15% VAT rate last year, instead of creating a new T code (i.e not T1) they just went thr...

Trojan1970 · Trojan1970

Hello All - I was so excited to find this forum, and I know that you won't all think that I am sad! I run a very small payroll and book keeping service for a handful of clients and quite often need someone to bounce a question off........so here's my first one! I saw a new client today who is using Dosh Cashbo...

KAZ · KAZ

The MD of a company I am working with takes part his salary PAYE and part is a loan repayment. Is it acceptable to show the loan repayment on the payslip? Obviously tax and insurance would be paid on the PAYE part and nil deductions on the loan repayment. The loan is capital repay and not interest. Hope t...

steve99.9 · steve99.9

Hi I have just been completing a paper mock exam (ICB level 2 manual ) prior to having a go on the dreaded online version and have come across a question regarding bad debt relief. I know that I account for the Vat being reclaimed by adding it to the input tax in Box 4 However I was unsure as to whether to add t...

tonys · tonys

Hi, as I have mentioned in my previous posts, I have started work as a finance officer for a registered charity. We have excess funds to deposit in a high interest (Yeah I know, what interest!) however the money is currently in a HSBC money market account (int rate .43)my manager tells me that when you in...

KAZ · KAZ

I am advancing a consultant £5k for expenses but am not sure which vat code to post it to? If I post it to T9 and the receipts come in for T1/T9 there is going to be a conflict. Any ideas?

Wella · Wella

A technical question I hope some one might answer. For a limited company, if it is decided to pay a dividend on the ordinary shares after the year end and final accounts are prepared, should the BS be redrafted to change the creditor liability and show a reduction against retained post tax profit,...

Stardoe · Stardoe

Hi all, Hope you're all enjoying the slightly cooler weather! I have a question regarding Carriage inwards and Carriage outwards. When doing the P & L, Carriage inwards is added to Purchases, being part of the cost of purchasing your goods and Carriage outwards is considered an expense and de...

RDLewis · RDLewis

Hi All, I'm a newby here, so please be gentle, Hi to you all and I hope I can help others with queries over time as I hope you guys will help me too. My first query on here is.... I have started using Sage Accounts for a client. They started with it, but didn't get the time to do the basics, so basically handed t...

Jordan · Jordan

Hi all, I did a search on the forum and read a few of the previous topics for Bookcert, most of which look favourably on the package, but none seem recent, so thought I would get an up-to-date prospective from the collective ! I have ICB Lev 1, Lev 2 Comp and will be sitting Lev 2 Manual next week, so the bookk...

tonys · tonys

Hi, There is no VAT on coffee purchased for re sale through a vending machine is there? Thanks, Tony.

LS · LS

Hi, I am new to this forum and would like some advise please. I have recently joined as a student at the ICB and i am looking at doing the exams. I am currently working in a Purchase Ledger position been with the company 11 years but in accounts for 6 months. I have some course material and intend to go it alon...

stephen72 · stephen72

Hi, I am hoping that someone can help me with a problem that i have with setting up a client on sage. He has a van which i have set up in the fixed asset register using codes 0050 and 8003 for the depreciation and have entered the book value etc.The depreciation has posted to the balance sheet but the van...

buckland10 · buckland10

Why is wages not appearing in the Profit & Loss report on our accounting system?

Hopeful · Hopeful

Hi All does anybody know which is the best way to enter foreign currancy on Sage, the majority of trading is in sterling, there are many trips to other countries and the foreign currancy is put in the petty cash tin till the next trip, I want to set up another petty cash account for this currancy. Am I bes...

Chriss · Chriss

I've to complete a month end, I realise my opening balance will be last months closing balance then I will have to add purchases and deduct returns then minus closing stock, please can someone explain the procedure I will go through for month end, to arrive at the correct figures. I'm ok working this m...

adi2402 · adi2402

Hi rob (or anyone), Im stuck in the dark ages. I mentioned S419 a while back and you corrected me. I came across this the other day aswell when someone said S419 had changed. Can you remember what its now called etc. I'll have a look on HMRC website later and hopefully find it but i hate research! Cheers...

buckland10 · buckland10

My boss recently paid for personal fuel on the business debit card and said to record it as drawings. In our accounts system there is a director's account in his name but how should this transaction be posted?

blondie · blondie

Hi all, One of my clients is self employed and has to travel all round the country with his job. So far all he has kept is receipts for the petrol he has purchased for his car..no mileage has ever been recorded. The car is part business/part private use..although i do need to clarify this. How do i put this...

jillemily · jillemily

Could someone please clarify for me how to deal with invoices never paid and never will be on SA Tax return. For a sole trader is it acceptable to adjust the total of business income, seen as the monies were never received? Or do they have to be included and then counted as an expense? If it has been done...

Topic		Started By	Replies	Views	Last Post
	Sage problem - VAT on recurring entries (Preview) I'm in no way a sage expert but a company recently had a VAT inspection and during the course of the inspection it was found to be a problem with the sage recurring entries. It turns out that when the client switched to the 15% VAT rate last year, instead of creating a new T code (i.e not T1) they just went thr...	adi2402	5	3050	Thu Jul 15 15:36 2010 by semsley
	Dosh VAT Short Cut Key? (Preview) Hello All - I was so excited to find this forum, and I know that you won't all think that I am sad! I run a very small payroll and book keeping service for a handful of clients and quite often need someone to bounce a question off........so here's my first one! I saw a new client today who is using Dosh Cashbo...	Trojan1970	5	1877	Thu Jul 15 15:10 2010 by BackOfficeGroup
	Loan Repayment on a Payslip (Preview) The MD of a company I am working with takes part his salary PAYE and part is a loan repayment. Is it acceptable to show the loan repayment on the payslip? Obviously tax and insurance would be paid on the PAYE part and nil deductions on the loan repayment. The loan is capital repay and not interest. Hope t...	KAZ	2	2043	Thu Jul 15 13:07 2010 by KAZ
	Bad Debt relief on the vat return (Preview) Hi I have just been completing a paper mock exam (ICB level 2 manual ) prior to having a go on the dreaded online version and have come across a question regarding bad debt relief. I know that I account for the Vat being reclaimed by adding it to the input tax in Box 4 However I was unsure as to whether to add t...	steve99.9	1	6863	Thu Jul 15 12:34 2010 by BackOfficeGroup
	Charity Investment question (Preview) Hi, as I have mentioned in my previous posts, I have started work as a finance officer for a registered charity. We have excess funds to deposit in a high interest (Yeah I know, what interest!) however the money is currently in a HSBC money market account (int rate .43)my manager tells me that when you in...	tonys	7	1812	Wed Jul 14 21:24 2010 by semsley
	Advanced Payment of Expenses (Preview) I am advancing a consultant £5k for expenses but am not sure which vat code to post it to? If I post it to T9 and the receipts come in for T1/T9 there is going to be a conflict. Any ideas?	KAZ	4	1523	Wed Jul 14 11:38 2010 by KAZ
	Balance Sheet and Dividend Payments (Preview) A technical question I hope some one might answer. For a limited company, if it is decided to pay a dividend on the ordinary shares after the year end and final accounts are prepared, should the BS be redrafted to change the creditor liability and show a reduction against retained post tax profit,...	Wella	2	7321	Tue Jul 13 21:08 2010 by attilabenko
	Carriage inwards, Carriage outwards....confused! (Preview) Hi all, Hope you're all enjoying the slightly cooler weather! I have a question regarding Carriage inwards and Carriage outwards. When doing the P & L, Carriage inwards is added to Purchases, being part of the cost of purchasing your goods and Carriage outwards is considered an expense and de...	Stardoe	6	15444	Tue Jul 13 16:01 2010 by Rhianrach
	Business Receipts (Preview) Hi All, I'm a newby here, so please be gentle, Hi to you all and I hope I can help others with queries over time as I hope you guys will help me too. My first query on here is.... I have started using Sage Accounts for a client. They started with it, but didn't get the time to do the basics, so basically handed t...	RDLewis	8	1734	Mon Jul 12 16:58 2010 by Rhianrach
	Is Bookcert any good ? (Preview) Hi all, I did a search on the forum and read a few of the previous topics for Bookcert, most of which look favourably on the package, but none seem recent, so thought I would get an up-to-date prospective from the collective ! I have ICB Lev 1, Lev 2 Comp and will be sitting Lev 2 Manual next week, so the bookk...	Jordan	4	7816	Mon Jul 12 14:11 2010 by Jordan
	Quick VAT question (Preview) Hi, There is no VAT on coffee purchased for re sale through a vending machine is there? Thanks, Tony.	tonys	3	2905	Sun Jul 11 22:19 2010 by Mickey
	Studying for Level I and II ICB Book Keeping Course (Preview) Hi, I am new to this forum and would like some advise please. I have recently joined as a student at the ICB and i am looking at doing the exams. I am currently working in a Purchase Ledger position been with the company 11 years but in accounts for 6 months. I have some course material and intend to go it alon...	LS	5	4311	Sun Jul 11 21:51 2010 by Mickey
	Balance sheet query (Preview) Hi, I am hoping that someone can help me with a problem that i have with setting up a client on sage. He has a van which i have set up in the fixed asset register using codes 0050 and 8003 for the depreciation and have entered the book value etc.The depreciation has posted to the balance sheet but the van...	stephen72	3	2247	Sat Jul 10 00:17 2010 by stephen72
	Wages in Profit & Loss (Preview) Why is wages not appearing in the Profit & Loss report on our accounting system?	buckland10	10	3038	Thu Jul 8 18:47 2010 by buckland10
	Foreign Currancy (Preview) Hi All does anybody know which is the best way to enter foreign currancy on Sage, the majority of trading is in sterling, there are many trips to other countries and the foreign currancy is put in the petty cash tin till the next trip, I want to set up another petty cash account for this currancy. Am I bes...	Hopeful	4	1766	Thu Jul 8 09:36 2010 by Hopeful
	Month end stock adjustments Sage (Preview) I've to complete a month end, I realise my opening balance will be last months closing balance then I will have to add purchases and deduct returns then minus closing stock, please can someone explain the procedure I will go through for month end, to arrive at the correct figures. I'm ok working this m...	Chriss	6	7924	Wed Jul 7 20:53 2010 by Chriss
	S419 - to RobH (Preview) Hi rob (or anyone), Im stuck in the dark ages. I mentioned S419 a while back and you corrected me. I came across this the other day aswell when someone said S419 had changed. Can you remember what its now called etc. I'll have a look on HMRC website later and hopefully find it but i hate research! Cheers...	adi2402	11	7901	Wed Jul 7 19:41 2010 by Shamus
	Posting a receipt to drawings - how?? (Preview) My boss recently paid for personal fuel on the business debit card and said to record it as drawings. In our accounts system there is a director's account in his name but how should this transaction be posted?	buckland10	9	6019	Mon Jul 5 18:20 2010 by RuthA
	Fuel costs..no mileage kept fuel expenses mileage petrol (Preview) Hi all, One of my clients is self employed and has to travel all round the country with his job. So far all he has kept is receipts for the petrol he has purchased for his car..no mileage has ever been recorded. The car is part business/part private use..although i do need to clarify this. How do i put this...	blondie	18	11492	Mon Jul 5 15:44 2010 by blondie
	Dealing with bad debt on SA (Preview) Could someone please clarify for me how to deal with invoices never paid and never will be on SA Tax return. For a sole trader is it acceptable to adjust the total of business income, seen as the monies were never received? Or do they have to be included and then counted as an expense? If it has been done...	jillemily	9	2041	Mon Jul 5 15:41 2010 by BackOfficeGroup
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