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

rafapak · rafapak

Hi guys. I would like to ask you for help. I am reading about cashbook at the moment in my aat books. In case of some transaction book says that entry should be made on cash or bank column. 1. In case of what transactions entries can be made only on cash column? 2. In case of what transactions entries can be ma...

Corry · Corry

Hi All, I have just taken on a new client (it is that time of year again!) and he has given me all his purchases, bank statements, customer invoices and previous tax return plus a list of assets with values (the client produced this). However, I have no opening balances from the previous bookkeeper (I th...

Grace2015 · Grace2015

Hi All I have an invoice from a supplier . but when I arrange payment, I notice that the supplier's bank detail is another company name which is different from the name on the invoice. is it normal practice? Thanks in advance! -- Edited by Grace2015 on Friday 25th of December 2015 10:10:08 PM

rafapak · rafapak

hi guys when you start with bank statement balance and finish with cashbook balance you add outstanding lodgements and deduct unpresented cheques. I have troubles to imagine why you deduct outstanding lodgements and add unpresented cheques when you start with cashbook balance. Can you help me?...

Grace2015 · Grace2015

Hi All We have set up a DD for a supplier who provides IT service for my company. we have 30 to 40 invoices which varies from £ 25.00 to £16000.00 received every year. But sometimes I have not seen an invoice but the payment already taken out of on our account. it is hard for me to reconcile the supplie...

rafapak · rafapak

Hi guys I would like to ask you for help . I have troubles to understand what the difference is between dishonoured check paid in and dishonoured check paid out. Can you please explain the difference to me? My thinking is that : 1. When business tries to pay its supplier by check that has been dishonoure...

looby999 · looby999

My client is a self employed taxi driver and has purchased another second hand taxi. Do I add to the main pool and write down at 18% or as it has co2 of 169 does this need to be at 8%. Also he has a life assurance/critical illness policy that he contributes to monthly, can this be classed as a business expense...

Grace2015 · Grace2015

Hi All what is capital or revunue please? My company opened a cafe. We have asked a builder to put in a new kitchen, purchased new coffee machine and essentials . cost of put in a new kitchen : 10000 new flooring :1500 coffee machine :2000 installati...

Grace2015 · Grace2015

HI All A locksmith came to our office to put three number locks and raised an invoice on a preprinted paper showing VAT reg number and company name and address . but he only put a total amount including VAT. Can I claim VAT back on this invoice? Thanks for your help.

Cheshire · Cheshire

post.....http://www.book-keepers.org.uk/t60758019/a-petition/

Bernrob · Bernrob

I am a qualified bookkeeper with over 20 years experience. I have just started as Accounts manager with a company. I am trying to streamline the purchase ledger but I am having difficulty changing the system as the Business development manager who introduced the present system (and isn't a bookke...

caroline23 · caroline23

Hi all I created a account for credit card as a bank account on quickbooks, i put the opening balance as credit 108 as thats how much they owed on 31st march (they moved to quickbooks 1st april), i then entered the entries for what they had spent in april, along with them paying off the previous months cre...

Shamus · Shamus

http://www.bookkeepers.org.uk/resources/news/business/chief-executive's-column/a/6576?utm_source=Institute+of+Certified+Bookkeepers+Newsletter&utm_campaign=c...

justme0316 · justme0316

Hey guys. I've a few questions I'd like you to answer for me please - 1) Is it necessary for the vehicle to be in 'the books' to claim AMAP? 2) If AMAP is claimed, or used, is road tax added back when calculating tax? 3) If I rent a property, it's occupied for 11 months, empty for 1 - how many months do I charg...

justme0316 · justme0316

Just to clarify.... Sole trader under the threshold. AMAP/FML can be claimed. AMAP includes everything from MOT to business insurance. No capital allowances allowable. If AMAP/FML is claimed, no lease nor HP interest can be claimed for tax purposes? If full and true values are to be claimed,...

rafapak · rafapak

Hi guys In books devoted to accountancy you can find T accounts generated by computer software that serve as a tool to show transactions. Let's say cash has been paid to the bank.On debit side of bank account there is date of transaction, amount plus name of corresponding account. When you practice at...

rafapak · rafapak

hi guys As we know, there is no trade receivables or trade payables when we talk about cash transactions. Mr X paid me with cash for goods I sold him. What two corresponding accounts are involved in this transaction? Cash account probably increases on debit side since cash is an asset. What about corr...

rafapak · rafapak

hi guys I would like to ask you for help . Sales ledger account represents income and we increase this income by credit side entries on sales ledger account. Does sales returns ledger account represent decrease in income ? -- Edited by rafapak on Saturday 19th of December 2015 09:32:26 PM

rafapak · rafapak

hi guys I think I don't know how the difference between money you receive from sales ( credit side - income ) and money you have in bank (debit side - asset ) should be properly understood. Money in bank tells you how much money physically you have on your bank account. What about money from sales on your sa...

rachel_mclean · rachel_mclean

Hi, I bought Sage Instants accounts from ebay with a serial number and activation key. So I've loaded it all on and it tells me I have 30 days to register, so I go on to Sage and try and register the serial number and type in the details and press submit and it brings me back to the same page to put the details i...

Topic		Started By	Replies	Views	Last Post
	cashbook- cash or bank column (Preview) Hi guys. I would like to ask you for help. I am reading about cashbook at the moment in my aat books. In case of some transaction book says that entry should be made on cash or bank column. 1. In case of what transactions entries can be made only on cash column? 2. In case of what transactions entries can be ma...	rafapak	9	1218	Thu Dec 31 13:21 2015 by Cheshire
	Starting accounts with no TB (Preview) Hi All, I have just taken on a new client (it is that time of year again!) and he has given me all his purchases, bank statements, customer invoices and previous tax return plus a list of assets with values (the client produced this). However, I have no opening balances from the previous bookkeeper (I th...	Corry	6	1203	Tue Dec 29 21:59 2015 by Corry
	Company name on invoice? (Preview) Hi All I have an invoice from a supplier . but when I arrange payment, I notice that the supplier's bank detail is another company name which is different from the name on the invoice. is it normal practice? Thanks in advance! -- Edited by Grace2015 on Friday 25th of December 2015 10:10:08 PM	Grace2015	5	974	Mon Dec 28 15:16 2015 by Amanda
	bank reconciliation layout- start with cashbook balance and finish with bank statement balance (Preview) hi guys when you start with bank statement balance and finish with cashbook balance you add outstanding lodgements and deduct unpresented cheques. I have troubles to imagine why you deduct outstanding lodgements and add unpresented cheques when you start with cashbook balance. Can you help me?...	rafapak	7	2016	Sun Dec 27 22:49 2015 by rafapak
	Direct Debit for all invoices? (Preview) Hi All We have set up a DD for a supplier who provides IT service for my company. we have 30 to 40 invoices which varies from £ 25.00 to £16000.00 received every year. But sometimes I have not seen an invoice but the payment already taken out of on our account. it is hard for me to reconcile the supplie...	Grace2015	2	739	Sun Dec 27 20:08 2015 by Grace2015
	dishonoured checks- paid in, paid out- difference (Preview) Hi guys I would like to ask you for help . I have troubles to understand what the difference is between dishonoured check paid in and dishonoured check paid out. Can you please explain the difference to me? My thinking is that : 1. When business tries to pay its supplier by check that has been dishonoure...	rafapak	2	1198	Sat Dec 26 11:46 2015 by rafapak
	Capital Allowance Taxi Driver (Preview) My client is a self employed taxi driver and has purchased another second hand taxi. Do I add to the main pool and write down at 18% or as it has co2 of 169 does this need to be at 8%. Also he has a life assurance/critical illness policy that he contributes to monthly, can this be classed as a business expense...	looby999	7	1041	Wed Dec 23 19:39 2015 by looby999
	a New Cafe (Preview) Hi All what is capital or revunue please? My company opened a cafe. We have asked a builder to put in a new kitchen, purchased new coffee machine and essentials . cost of put in a new kitchen : 10000 new flooring :1500 coffee machine :2000 installati...	Grace2015	3	1377	Tue Dec 22 23:05 2015 by Grace2015
	is it valid VAT invoice (Preview) HI All A locksmith came to our office to put three number locks and raised an invoice on a preprinted paper showing VAT reg number and company name and address . but he only put a total amount including VAT. Can I claim VAT back on this invoice? Thanks for your help.	Grace2015	3	1145	Tue Dec 22 22:12 2015 by Grace2015
	Your country needs you (Preview) post.....http://www.book-keepers.org.uk/t60758019/a-petition/	Cheshire	0	949	Tue Dec 22 18:54 2015 by Cheshire
	Purchase ledger purchase invoices purchase ledger (Preview) I am a qualified bookkeeper with over 20 years experience. I have just started as Accounts manager with a company. I am trying to streamline the purchase ledger but I am having difficulty changing the system as the Business development manager who introduced the present system (and isn't a bookke...	Bernrob	1	6110	Tue Dec 22 18:27 2015 by Cheshire
	opening balance (Preview) Hi all I created a account for credit card as a bank account on quickbooks, i put the opening balance as credit 108 as thats how much they owed on 31st march (they moved to quickbooks 1st april), i then entered the entries for what they had spent in april, along with them paying off the previous months cre...	caroline23	1	913	Tue Dec 22 18:15 2015 by Cheshire
	Why not all Bookkeepers are created equal (Preview) http://www.bookkeepers.org.uk/resources/news/business/chief-executive's-column/a/6576?utm_source=Institute+of+Certified+Bookkeepers+Newsletter&utm_campaign=c...	Shamus	8	1445	Tue Dec 22 18:11 2015 by Cheshire
	Some very simple questions.... (Preview) Hey guys. I've a few questions I'd like you to answer for me please - 1) Is it necessary for the vehicle to be in 'the books' to claim AMAP? 2) If AMAP is claimed, or used, is road tax added back when calculating tax? 3) If I rent a property, it's occupied for 11 months, empty for 1 - how many months do I charg...	justme0316	5	4865	Tue Dec 22 16:19 2015 by Cheshire
	Just to be sure... (Preview) Just to clarify.... Sole trader under the threshold. AMAP/FML can be claimed. AMAP includes everything from MOT to business insurance. No capital allowances allowable. If AMAP/FML is claimed, no lease nor HP interest can be claimed for tax purposes? If full and true values are to be claimed,...	justme0316	2	1025	Tue Dec 22 14:49 2015 by justme0316
	doing exercises at home- drawing T accounts (Preview) Hi guys In books devoted to accountancy you can find T accounts generated by computer software that serve as a tool to show transactions. Let's say cash has been paid to the bank.On debit side of bank account there is date of transaction, amount plus name of corresponding account. When you practice at...	rafapak	6	1536	Mon Dec 21 20:40 2015 by rafapak
	cash transactions (Preview) hi guys As we know, there is no trade receivables or trade payables when we talk about cash transactions. Mr X paid me with cash for goods I sold him. What two corresponding accounts are involved in this transaction? Cash account probably increases on debit side since cash is an asset. What about corr...	rafapak	2	838	Mon Dec 21 20:01 2015 by rafapak
	sales returns account (Preview) hi guys I would like to ask you for help . Sales ledger account represents income and we increase this income by credit side entries on sales ledger account. Does sales returns ledger account represent decrease in income ? -- Edited by rafapak on Saturday 19th of December 2015 09:32:26 PM	rafapak	4	1013	Sun Dec 20 16:59 2015 by rafapak
	money as income from sales and money in a bank as asset (Preview) hi guys I think I don't know how the difference between money you receive from sales ( credit side - income ) and money you have in bank (debit side - asset ) should be properly understood. Money in bank tells you how much money physically you have on your bank account. What about money from sales on your sa...	rafapak	4	858	Fri Dec 18 22:32 2015 by rafapak
	Just bought a copy of Sage Instants - it's a flippin trial version - is there anything I can do with this? (Preview) Hi, I bought Sage Instants accounts from ebay with a serial number and activation key. So I've loaded it all on and it tells me I have 30 days to register, so I go on to Sage and try and register the serial number and type in the details and press submit and it brings me back to the same page to put the details i...	rachel_mclean	4	897	Thu Dec 17 22:21 2015 by VinceH
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