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

rafapak · rafapak

hi guys This is i think crazy question but I decided to ask this one anyway. Shortly before you guys started studying bookkeeping or accountancy how did you know if you were suited for this kind of job? Is it possible to test yourself somehow to see if you are suited for this job ? Is this possible to predi...

Sammy76 · Sammy76

Just want to double check something. I have to work out the profit/loss as a percentage of the turnover for a couple of years accounts. Obviously I know that if turnover was 100,000 and profit was 1000 then that would be a 1% profit of the turnover However one year a loss was made - do I still work it out the...

numbnumber · numbnumber

My client is a shareholder in Ltd Co which has only traded for under a year and not got a credit rating. He has a lease agreement in his name (not the company) and being paid for from his bank for a pool car for the company. He wants to be reimbursed from the company for the monthly payments and initial pa...

Sarahlou · Sarahlou

Hi all. Please excuse my complete lack of knowledge on the subject. I'm not trained in accounts at all and have never had to do this before. My manager is away and i'm having trouble getting my head around the way i was shown to process till discrepancies at end of day banking for our retail stores. Put in t...

rafapak · rafapak

hallo guys I only have osbourne books and I don't find them good. Has anyone of you ever used both osbourne and bpp books for learning aat? Are bpp books better?

justme0316 · justme0316

Hi guys. Could you tell me what your working papers consist of please? I'm assuming you save all calculations, and reconciliations to a client folder on your computer. Could/would your working papers be used in the event of an investigation? All working papers belong to the bookkeeper/Ac...

Grace2015 · Grace2015

Hi Everyone I am new bookkeeper for a non profit organisation. We use sage 50. 1. Is it deferred income or accrued income? What is double entry? We raise a sales invoice to the funds provider in advance. For example . I did an invoice dated 10 December 2015 for the funds in January 2016. 2. Is it right t...

Citygal · Citygal

Hi All My Company is about to use invoice discounting ( not factoring ) to raise short term finance. Can anyone suggest an easy way of recording this in Sage. At the moment I know nothing about it. I am told that our customers will not know that we are using discounted invoices, in which case how does t...

Sammy76 · Sammy76

My client has two customer accounts on Sage that are basically connected. One is showing a balance of £11,000.00 but the other is showing a balance of approx -£11,000.00. How do I balance these so they are essentially both 0?

rachel_mclean · rachel_mclean

Hi, I have a client with Sage Instant Accounts 2011 V17 and I wiuld like to do some of the work from home so after buying it myself. Does anybody know where I can get this please? or buy a serial number and activation key? as I have their disc but I can't run the same serial number and activation key on my comp...

Woo · Woo

Good morning, I have a client whom i complete bookkeeping for but wanted advice on completing partnership accounts for the freehold property that they have mortgaged which they currently work from for the main business. The client was unsure if they should capitalise the associated costs with the...

GillyP · GillyP

Hi all, I have recently taken on a new client who is in a bit of a mess, and hasn't submitted a SA return for 3 years, so trying to work through his paperwork quickly. He is a sole trader, VAT registered, CIS registered, with year-end date of 31 October. He is my first Sole Trader who has not used the financ...

MarkS · MarkS

Given now 60 days to TR - day thought would start this off this year. Given we now use IRIS we can at the click of a button see where we are with things Completed 60 With me to review 35 Books in but not started 22 Still to come in 71 Total 188 So hopefully...

Leger · Leger

I'm trying to download a report that will show me all transactions in and out of paypal, including fees. The site has changed drastically since last time I needed something like this If I view an all activity report I get invoices sent invoices paid and a myriad of other stuff I don't need. With over 10...

Lorry10 · Lorry10

I have a new client who would like to authorise me with HMRC to submit his VAT returns and self assessments. He has a previous bookkeeper that he is terminating services with for various reasons whom he had authorised with HMRC. He thinks that in completing a new authorisation request online that this...

Lorry10 · Lorry10

A client who is completing a self assessment owns a property jointly with his wife. He pays all the costs and wants to include this in his expenses for his self assessment (except for mortgage interest). His bank statements will support that he has paid these, but should he be only claiming half as expe...

Sammy76 · Sammy76

At one of my clients we paid for some supplies up front via Debit Card. The goods were £49.95 + VAT, so we paid £59.94. The invoice/receipt was then issued with a 2.5% settlement discount if paid so the VAT on the receipt is calculated with the 2.5% settlement discount. So the invoice is for £49.95 + VAT of...

KBS · KBS

Hi all, A Client of mine goes to several trade fairs throughout the year - some near, some quite far away which involves an overnight stay. Is there a limit on what can be claimed for food/drink for them while they are there? Also, at the end of the trade fairs, they sometimes go out as a team for "team...

MrA · MrA

Hi all, New to the forum and looking for some advice. I started my career working in a bank where I occupied many roles culminating in a manager's role so I had experience in things like Branch Cash Reconciliations, cash balancing etc. Since then my career has kind of shoe-horned into sales and through...

Emmiestar · Emmiestar

Hi Everyone, Just wondered what I should be classed as - I have full AAT, part CIMA and 15 years experience of everything from coding purchase invoices right up to variance analysis, balance sheet reconciliations, payroll, self assessment returns, pretty much everything in the day to day runnin...

Topic		Started By	Replies	Views	Last Post
	suitability (Preview) hi guys This is i think crazy question but I decided to ask this one anyway. Shortly before you guys started studying bookkeeping or accountancy how did you know if you were suited for this kind of job? Is it possible to test yourself somehow to see if you are suited for this job ? Is this possible to predi...	rafapak	3	986	Thu Dec 17 18:44 2015 by rafapak
	Calculating loss as percentage of turnover (Preview) Just want to double check something. I have to work out the profit/loss as a percentage of the turnover for a couple of years accounts. Obviously I know that if turnover was 100,000 and profit was 1000 then that would be a 1% profit of the turnover However one year a loss was made - do I still work it out the...	Sammy76	2	717	Thu Dec 17 13:54 2015 by Sammy76
	A little complicated transaction (Preview) My client is a shareholder in Ltd Co which has only traded for under a year and not got a credit rating. He has a lease agreement in his name (not the company) and being paid for from his bank for a pool car for the company. He wants to be reimbursed from the company for the monthly payments and initial pa...	numbnumber	2	897	Wed Dec 16 11:08 2015 by numbnumber
	Till discrepancies for retail company on Sage 50 (Preview) Hi all. Please excuse my complete lack of knowledge on the subject. I'm not trained in accounts at all and have never had to do this before. My manager is away and i'm having trouble getting my head around the way i was shown to process till discrepancies at end of day banking for our retail stores. Put in t...	Sarahlou	3	2047	Wed Dec 16 09:33 2015 by Sarahlou
	aat- osbourne and bpp books comparison (Preview) hallo guys I only have osbourne books and I don't find them good. Has anyone of you ever used both osbourne and bpp books for learning aat? Are bpp books better?	rafapak	5	6876	Tue Dec 15 13:11 2015 by rafapak
	Your working papers (Preview) Hi guys. Could you tell me what your working papers consist of please? I'm assuming you save all calculations, and reconciliations to a client folder on your computer. Could/would your working papers be used in the event of an investigation? All working papers belong to the bookkeeper/Ac...	justme0316	4	1163	Tue Dec 15 01:02 2015 by justme0316
	Some questions (Preview) Hi Everyone I am new bookkeeper for a non profit organisation. We use sage 50. 1. Is it deferred income or accrued income? What is double entry? We raise a sales invoice to the funds provider in advance. For example . I did an invoice dated 10 December 2015 for the funds in January 2016. 2. Is it right t...	Grace2015	10	1279	Mon Dec 14 23:06 2015 by Cheshire
	Invoice discounting and Sage (Preview) Hi All My Company is about to use invoice discounting ( not factoring ) to raise short term finance. Can anyone suggest an easy way of recording this in Sage. At the moment I know nothing about it. I am told that our customers will not know that we are using discounted invoices, in which case how does t...	Citygal	3	1817	Mon Dec 14 22:56 2015 by Cheshire
	Contra entries (Preview) My client has two customer accounts on Sage that are basically connected. One is showing a balance of £11,000.00 but the other is showing a balance of approx -£11,000.00. How do I balance these so they are essentially both 0?	Sammy76	9	2040	Mon Dec 14 22:54 2015 by Cheshire
	Does anybody know where I can buy Sage Instant Accounts 2011 V17?? (Preview) Hi, I have a client with Sage Instant Accounts 2011 V17 and I wiuld like to do some of the work from home so after buying it myself. Does anybody know where I can get this please? or buy a serial number and activation key? as I have their disc but I can't run the same serial number and activation key on my comp...	rachel_mclean	2	1111	Mon Dec 14 19:03 2015 by Cheshire
	Capitalising of property costs..... (Preview) Good morning, I have a client whom i complete bookkeeping for but wanted advice on completing partnership accounts for the freehold property that they have mortgaged which they currently work from for the main business. The client was unsure if they should capitalise the associated costs with the...	Woo	1	1052	Sun Dec 13 21:45 2015 by Peaman
	CIS - dates to report (Preview) Hi all, I have recently taken on a new client who is in a bit of a mess, and hasn't submitted a SA return for 3 years, so trying to work through his paperwork quickly. He is a sole trader, VAT registered, CIS registered, with year-end date of 31 October. He is my first Sole Trader who has not used the financ...	GillyP	1	708	Sun Dec 13 21:36 2015 by Peaman
	Where are you with tax returns? (Preview) Given now 60 days to TR - day thought would start this off this year. Given we now use IRIS we can at the click of a button see where we are with things Completed 60 With me to review 35 Books in but not started 22 Still to come in 71 Total 188 So hopefully...	MarkS	12	1599	Sat Dec 12 17:44 2015 by Jay
	Paypal Transactions help (Preview) I'm trying to download a report that will show me all transactions in and out of paypal, including fees. The site has changed drastically since last time I needed something like this If I view an all activity report I get invoices sent invoices paid and a myriad of other stuff I don't need. With over 10...	Leger	9	1169	Thu Dec 10 22:58 2015 by Cheshire
	HMRC Authorisation (Preview) I have a new client who would like to authorise me with HMRC to submit his VAT returns and self assessments. He has a previous bookkeeper that he is terminating services with for various reasons whom he had authorised with HMRC. He thinks that in completing a new authorisation request online that this...	Lorry10	2	763	Thu Dec 10 22:50 2015 by Cheshire
	Self Assessment - Buy to Let (Preview) A client who is completing a self assessment owns a property jointly with his wife. He pays all the costs and wants to include this in his expenses for his self assessment (except for mortgage interest). His bank statements will support that he has paid these, but should he be only claiming half as expe...	Lorry10	2	777	Thu Dec 10 22:45 2015 by Cheshire
	Re-issuing an invoice with correct VAT/Settlement discounts (Preview) At one of my clients we paid for some supplies up front via Debit Card. The goods were £49.95 + VAT, so we paid £59.94. The invoice/receipt was then issued with a 2.5% settlement discount if paid so the VAT on the receipt is calculated with the 2.5% settlement discount. So the invoice is for £49.95 + VAT of...	Sammy76	14	1618	Thu Dec 10 20:18 2015 by Onion4Sage
	Expenses (Preview) Hi all, A Client of mine goes to several trade fairs throughout the year - some near, some quite far away which involves an overnight stay. Is there a limit on what can be claimed for food/drink for them while they are there? Also, at the end of the trade fairs, they sometimes go out as a team for "team...	KBS	2	5016	Wed Dec 9 21:17 2015 by KBS
	Starting Out (Preview) Hi all, New to the forum and looking for some advice. I started my career working in a bank where I occupied many roles culminating in a manager's role so I had experience in things like Branch Cash Reconciliations, cash balancing etc. Since then my career has kind of shoe-horned into sales and through...	MrA	5	1025	Mon Dec 7 22:59 2015 by Cheshire
	Book Keeper or Accountant??? (Preview) Hi Everyone, Just wondered what I should be classed as - I have full AAT, part CIMA and 15 years experience of everything from coding purchase invoices right up to variance analysis, balance sheet reconciliations, payroll, self assessment returns, pretty much everything in the day to day runnin...	Emmiestar	2	766	Mon Dec 7 20:07 2015 by David Ballantyne
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