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

egtreuk · egtreuk

Sorry if this is against the forum rules, but I am looking for some guidance. I am a Sole Trader (not VAT registered) using Quickbooks 2013, trying to finish my 2013/2014 Tax Return After all my allowable expenses I have a Net Profit of £21,300. Over the course of the that tax period I have brought the fol...

blueeyes · blueeyes

Hi, Does the HMRC PAYE basic tool allow you to print off payslips? Or can you recommend a payroll software suitable for a company with only 2 employees that is reasonably priced. Thanks in advance

Cheshire · Cheshire

Following on from an earlier thread about courses.....dare I ask for recommendations for who to do the AAT courses with? Im Stockport based, so close to Manchester - would probably be looking to do it from home in my spare (hahahaha, yeah whats that) time. All advice appreciated

Danieltjones · Danieltjones

Hello. So I got a business start up loan and as I had a builder to pay I had it put into my personal account rather than a business one as I hadn't got one set up then. I've kept records of everything the loan was spent on and know exactly what is left. I have my income paid into the business account now and will...

Rhianrach · Rhianrach

Would you bother capitalising a new till at £300 plus vat, or just pop it in repairs/renewals or even computers.

Danieltjones · Danieltjones

Hello I rent a property for £325 a month. My agent takes 15%. And this month a £75 finders fee Do i record it as income £325 and then costs of £48.75+£75 or do i ignore the expense and just record an income of £201.25 He get the rent transferred to his account, and then transferred £201.25 to mine.

MichaelWGroves · MichaelWGroves

I was wondering what is the minimum amount most people use for prepayments. I accept for large payments it goes without saying, but what if you had a magazine subscription for £36 per annum for 12 issues. Would you bother with prepayments or write-down the whole amount in month invoice received? As...

biggerontheinside · biggerontheinside

Hi everyone,Desperately needing some help! My friend is the treasurer for a local organisation and for long enough, keeping track of their finances on a spreadsheet was sufficient. However the organisation grew and they decided they needed electronic accounting software to keep track of everyt...

lizg78 · lizg78

Hi all, I'm currently running my own little bookkeeping / accounting business and have just about reached full capacity (I only work part time but have two kids to look after as well!). I can't afford to take on an experienced member of staff, but I'm considering going down the Apprentice route. Has a...

NikkiJ · NikkiJ

One of my clients has had a couple of personal cheques paid into her business account but not drawn out straight away. I would like some opinions on how you would account for this? If I ignore these transactions it mucks up the reconciliation but is easier on the journal entries but if I put them in I was t...

Carol · Carol

I have been given figures from client (who has sage) and the entries on the trial balance are bought forward from 3 years ago approx. The bottom entries are the correct figures. What is the best way to deal with this please. N/C Name Debit Credit 0030 Office Equipment 2275.49 1100 Debtors Contro...

pericles95 · pericles95

Hi, I was wondering if anyone else had come across this question: if, for example, you receive your rates invoice for the whole year telling you what you will pay each month in the year - do you accrue the whole amount and reverse those entries to the p&l monthly - or do you post each entry monthly?...

jaybag · jaybag

Hi Just started with a client that runs a community Interest Company, hadnt heard of one before so done some research. I want to set them up on sage, shall I just set it up as a Ltd company as there isnt a drop down for that option of CIC? And is there anything else I need to do ? Thank you

bro0010 · bro0010

Hi All, Here's the scenario. A business with a December 2013 year end records the following telephone bill in the Purchase Ledger in December 2013 (VAT ignored): Q/E November 2013 calls £3,000 Q/E February 2014 line rentals £300 They record an accrual for December calls of £1,000. Also a prepayment...

Mr Debit · Mr Debit

A charity invested 100K in an investment fund which shown a gain in market value at the year end of 6K . Included within the market value of 106K are £600 of investment management charges. I want to show the market value of the investment fund on the balance sheet at 106K and also the management charges of...

Telnkate · Telnkate

Hiya! Two relatively quick questions (having a mind block) Ok, assets were purchased at say £10k, (dr assets, cr dir loan to company) - this is the physical amount that was paid. later, assets have been valued at higher amount for asset register and insurance purposes etc. how can I show this differe...

miseghohi · miseghohi

Hi I need to help on how to deal with receipts and some payments made to non business account, into a separate bank accounting. How would I treat this on sage. Would a loan account need to be created for this instead? I am just trying to work out the best bookkeeping treatment for these sort of transactio...

RobH · RobH

I was wondering if people had set charges for certain routine things. I'm currently invoicing out for submitting some Annual Returns, I know some clients do not think I should charge any more than the £13 filing fee but I'm sure others would pay a reasonable amount. I've decided on £25 plus the filing f...

Shamus · Shamus

Right, sure that your all fed up to the back teeth of being called from India by people who generally open with lines like "can you just confirm your email address for us" or "Can you confirm when your utility bills are due for renewal". Just confirm... As if they have any informat...

RobH · RobH

I've just had my first VAT inspection in years. There was never going to be a problem but you always wonder if you've made a mistake. It started with the usual questions to the client about the business, how they invoice, expected margins, sales of assets and that kind of stuff and of course I'm trying t...

Topic		Started By	Replies	Views	Last Post
	How to record Captial Allowances (AIA)? (Preview) Sorry if this is against the forum rules, but I am looking for some guidance. I am a Sole Trader (not VAT registered) using Quickbooks 2013, trying to finish my 2013/2014 Tax Return After all my allowable expenses I have a Net Profit of £21,300. Over the course of the that tax period I have brought the fol...	egtreuk	1	3086	Sat Sep 13 16:48 2014 by RobH
	HMRC PAYE Basic Tools or alternatice software (Preview) Hi, Does the HMRC PAYE basic tool allow you to print off payslips? Or can you recommend a payroll software suitable for a company with only 2 employees that is reasonably priced. Thanks in advance	blueeyes	3	2840	Sat Sep 13 08:26 2014 by blueeyes
	AAT course (Preview) Following on from an earlier thread about courses.....dare I ask for recommendations for who to do the AAT courses with? Im Stockport based, so close to Manchester - would probably be looking to do it from home in my spare (hahahaha, yeah whats that) time. All advice appreciated	Cheshire	46	3681	Fri Sep 12 17:15 2014 by Shamus
	Am I doing it right? (Preview) Hello. So I got a business start up loan and as I had a builder to pay I had it put into my personal account rather than a business one as I hadn't got one set up then. I've kept records of everything the loan was spent on and know exactly what is left. I have my income paid into the business account now and will...	Danieltjones	3	710	Fri Sep 12 15:37 2014 by Shamus
	New Till (Preview) Would you bother capitalising a new till at £300 plus vat, or just pop it in repairs/renewals or even computers.	Rhianrach	2	643	Fri Sep 12 13:57 2014 by Rhianrach
	How to record letting agent fees (Preview) Hello I rent a property for £325 a month. My agent takes 15%. And this month a £75 finders fee Do i record it as income £325 and then costs of £48.75+£75 or do i ignore the expense and just record an income of £201.25 He get the rent transferred to his account, and then transferred £201.25 to mine.	Danieltjones	2	576	Fri Sep 12 09:45 2014 by Danieltjones
	PrePayments, minimum amount (Preview) I was wondering what is the minimum amount most people use for prepayments. I accept for large payments it goes without saying, but what if you had a magazine subscription for £36 per annum for 12 issues. Would you bother with prepayments or write-down the whole amount in month invoice received? As...	MichaelWGroves	7	1686	Mon Sep 8 12:07 2014 by RobH
	Tas Books Opening Balance confusion! (Preview) Hi everyone,Desperately needing some help! My friend is the treasurer for a local organisation and for long enough, keeping track of their finances on a spreadsheet was sufficient. However the organisation grew and they decided they needed electronic accounting software to keep track of everyt...	biggerontheinside	2	1282	Mon Sep 8 11:08 2014 by biggerontheinside
	Apprentice (Preview) Hi all, I'm currently running my own little bookkeeping / accounting business and have just about reached full capacity (I only work part time but have two kids to look after as well!). I can't afford to take on an experienced member of staff, but I'm considering going down the Apprentice route. Has a...	lizg78	16	1439	Mon Sep 8 10:56 2014 by RobH
	Personal Payments into Business Account (Preview) One of my clients has had a couple of personal cheques paid into her business account but not drawn out straight away. I would like some opinions on how you would account for this? If I ignore these transactions it mucks up the reconciliation but is easier on the journal entries but if I put them in I was t...	NikkiJ	2	752	Sun Sep 7 13:31 2014 by NikkiJ
	Adjustment entries on Trial Balance (Preview) I have been given figures from client (who has sage) and the entries on the trial balance are bought forward from 3 years ago approx. The bottom entries are the correct figures. What is the best way to deal with this please. N/C Name Debit Credit 0030 Office Equipment 2275.49 1100 Debtors Contro...	Carol	6	1679	Sat Sep 6 15:40 2014 by Carol
	To accrue or not accrue if receive invoice for whole year in advance but only pay monthly? (Preview) Hi, I was wondering if anyone else had come across this question: if, for example, you receive your rates invoice for the whole year telling you what you will pay each month in the year - do you accrue the whole amount and reverse those entries to the p&l monthly - or do you post each entry monthly?...	pericles95	26	4120	Sat Sep 6 13:41 2014 by Rhianrach
	Community Interest Company (Preview) Hi Just started with a client that runs a community Interest Company, hadnt heard of one before so done some research. I want to set them up on sage, shall I just set it up as a Ltd company as there isnt a drop down for that option of CIC? And is there anything else I need to do ? Thank you	jaybag	2	672	Fri Sep 5 14:00 2014 by jaybag
	Prepaid or not prepaid, that is the question. (Preview) Hi All, Here's the scenario. A business with a December 2013 year end records the following telephone bill in the Purchase Ledger in December 2013 (VAT ignored): Q/E November 2013 calls £3,000 Q/E February 2014 line rentals £300 They record an accrual for December calls of £1,000. Also a prepayment...	bro0010	4	820	Fri Sep 5 13:26 2014 by RobH
	double entry for investment management charges (Preview) A charity invested 100K in an investment fund which shown a gain in market value at the year end of 6K . Included within the market value of 106K are £600 of investment management charges. I want to show the market value of the investment fund on the balance sheet at 106K and also the management charges of...	Mr Debit	1	804	Fri Sep 5 11:00 2014 by RobH
	Actual asset purchase v later revision of value and asset register (Preview) Hiya! Two relatively quick questions (having a mind block) Ok, assets were purchased at say £10k, (dr assets, cr dir loan to company) - this is the physical amount that was paid. later, assets have been valued at higher amount for asset register and insurance purposes etc. how can I show this differe...	Telnkate	2	903	Wed Sep 3 12:13 2014 by Telnkate
	Help- Advice on how to deal with transactions not from business account for company (Preview) Hi I need to help on how to deal with receipts and some payments made to non business account, into a separate bank accounting. How would I treat this on sage. Would a loan account need to be created for this instead? I am just trying to work out the best bookkeeping treatment for these sort of transactio...	miseghohi	7	806	Tue Sep 2 17:26 2014 by miseghohi
	What do you charge for.......? (Preview) I was wondering if people had set charges for certain routine things. I'm currently invoicing out for submitting some Annual Returns, I know some clients do not think I should charge any more than the £13 filing fee but I'm sure others would pay a reasonable amount. I've decided on £25 plus the filing f...	RobH	6	1115	Tue Sep 2 14:42 2014 by Shamus
	Numbers to avoid answering (Preview) Right, sure that your all fed up to the back teeth of being called from India by people who generally open with lines like "can you just confirm your email address for us" or "Can you confirm when your utility bills are due for renewal". Just confirm... As if they have any informat...	Shamus	8	1892	Tue Sep 2 12:44 2014 by RobH
	VAT Inspection (Preview) I've just had my first VAT inspection in years. There was never going to be a problem but you always wonder if you've made a mistake. It started with the usual questions to the client about the business, how they invoice, expected margins, sales of assets and that kind of stuff and of course I'm trying t...	RobH	7	1182	Mon Sep 1 21:09 2014 by Peasie
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