Professional Book-keepers in Practice - The Book-keepers Forum (UK)

Rachel767 · Rachel767

I was wondering if anyone could help me? I sent off my MLR100 to register with HMRC, but I read the info wrong and submitted an MLR101 as well, and paid the extra £100 fee. I know now, I've done that wrong, and I only needed to submit the MLR100. Any ideas on what they'll do? I could cancel the cheque and call t...

numbnumber · numbnumber

I have used Sage Line 50 Accounts Plus for years but have just taken a client on with Sage One and oh what a difference. From a bookkeepers point of view I find it very difficult but if you have no accounting knowledge I guess it would be a dream. Can anyone recommend other cloud based accounts packages w...

rachel_mclean · rachel_mclean

Hi Can you tell me if a director of a limited company (the only director) who is also an employee also self-employed??? I am filling in tax credit forms for the director of a limited company - no accounts yet so it's just payroll info and they have not made a profit BUT I wasn't sure if they would also be self...

rachel_mclean · rachel_mclean

Hi I don't think my clients previous accountant has given me everything he should of (unless I'm being an idiot). I expected to be sent a full asset register - giving details of what the assets are, when they were bought, how much they originally cost and the depreciation and capital allowances comput...

Princess · Princess

I have a client who has been a nightmare from start to finish. He doesn't provide records on time, and when he does provide them they are nonsense. He doesn't pay my invoices on time either. At his end of year I suggested he should find someone else. The new bookkeeper has written me a courtesy letter...

rachel_mclean · rachel_mclean

Hi, I have a trial balance from a clients previous account which I am entering the opening balances from. Just one thing I'm not to sure of, where do I put the net profit for the year please? There is nothing automatically set up on VT for retained earnings but surely this just goes into the capital accoun...

Georgie · Georgie

Hi, I have a client (sole trader) who has 2 joint policies with his partner and I am not sure if 50% of them are allowable for my client? Its just the client seems to think so. 1. Insurance to cover the mortgage (if anything happens) 2. Critical illness cover - which pays out a lump sum Georgie

Dev86 · Dev86

Hi all Can anyone explain their system for managing accrued expenses? i have a situation where i have expenses accrued up to 12 months in advance of being invoiced accross alot of suppliers So i cant simply reverse out the accrual as the following months expenses for that account would be under...

Corry · Corry

Hi, I am just renewing my MIP with the AAT and just wondered if any of you registered with the Information Commissioners Office as it asks at the end in the declaration "I confirm that I am aware of the need to register with the Information Commissioners Office and to comply with my obligations un...

rachel_mclean · rachel_mclean

Hi I've taken on a new payroll client and am using payroll manager and have been given everything I need from the previous accountant. Setting up Payroll Manager part way through the year ad inputting the figures to date. I've come across a few things that I don't have a clue about. Firstyly there is a bo...

Shamus · Shamus

The following discussion started in an important sticky so has been removed to it's own thread : I was thinking about your comment, John, about many bookkeepers on here regularly going past TB. I wonder if their PI cover allows this given the rules of certain governing bodies/actual PI insurance te...

Eilef · Eilef

I sit my BA7 in 2 weeks time so fingers crossed for a pass which will then mean I will upgrade to AICB. I will then apply for my practice licence. I gave contacted a local printers to print some business cards for me, I was going to use Vistaprint but I know the size is not the same as standard card size. This di...

magnolia · magnolia

Hello, I am at a loss, hope someone can help me! I took over the accounts (freelance) at a company a few months ago. Their invoices (sales and purchase) are over very big amounts monthly. Mainly in Pounds, but some in Euros (and a minimal amount in Dollars). As the currency rate for Euro was not updated,...

rachel_mclean · rachel_mclean

Hi, I have 2 AAT level 3 exams in just under 2 weeks and could really do with some extra practice exam papers or old exam papers. I got all the books from Kaplan on the distance learning course so there are no mock exams or anything just one mock at the back of each textbook! I am taking papers - accounts prep A...

rachel_mclean · rachel_mclean

Hi, I have been trawling around the internet for some simple instructions to set up cash accounting on Sage 50 professional.....I can't find it anywhere, only for other sage versions but nothing that leads me to the right place. This is a new company I have set up on Sage, I haven't put anything in yet I w...

KBS · KBS

One of my clients has ended our agreement of bookkeeping for 1 hour each week which I am relieved about as I feel like the Samaritans when he calls me and he's a bit of a pain in the bum!! I have been thinking about getting rid of him for a few months now but my partner makes me feel guilty about abandoning him!...

lots to learn · lots to learn

Hi all Does anyone have any experience of claiming Landlords Energy Savings Allowance ? I have a client purchased a boiler for a rental property, I understand I can claim a maximum of £1500 as LESA but I wondered if I claimed this if I can still claim the cost against CGT when the property sold or even the b...

rachel_mclean · rachel_mclean

I have a client that runs a limited company (first year of trading) I'm not sure why she is a limited company but she is and I am leaving it at that - I don't want to be advising people on something I know nothing about. I have set her up on payroll to take say 600.00 a month (I can't remember at the top of my head...

rachel_mclean · rachel_mclean

Hi, I have a client who has bought a van for work (he's a builder and it's 100% business) and I think I can put the cost in as Annual Investment Allowance for the whole amount. Just a couple of queries though. Van cost £8,000 loan interest 3,000 Does the 8,000 qualify as the AIA and the 3,000 as an expense on t...

Georgie · Georgie

Hi, I have a sole trader client who doesn't have a separate business bank account. They have had £60 from their bank as a cash back on all purchases, business and private from the bank account. Would I record this as "Other Income" ? Georgie

Topic		Started By	Replies	Views	Last Post
	MLR Registration (Preview) I was wondering if anyone could help me? I sent off my MLR100 to register with HMRC, but I read the info wrong and submitted an MLR101 as well, and paid the extra £100 fee. I know now, I've done that wrong, and I only needed to submit the MLR100. Any ideas on what they'll do? I could cancel the cheque and call t...	Rachel767	6	5934	Mon Aug 17 13:35 2015 by Rachel767
	Sage One and cloud based accounting (Preview) I have used Sage Line 50 Accounts Plus for years but have just taken a client on with Sage One and oh what a difference. From a bookkeepers point of view I find it very difficult but if you have no accounting knowledge I guess it would be a dream. Can anyone recommend other cloud based accounts packages w...	numbnumber	4	1413	Fri Aug 14 22:33 2015 by MarkS
	Is a company director who is an employee of the company also self-employed? (Preview) Hi Can you tell me if a director of a limited company (the only director) who is also an employee also self-employed??? I am filling in tax credit forms for the director of a limited company - no accounts yet so it's just payroll info and they have not made a profit BUT I wasn't sure if they would also be self...	rachel_mclean	3	1067	Fri Aug 14 14:54 2015 by Shamus
	Capital allowances help needed please....... (Preview) Hi I don't think my clients previous accountant has given me everything he should of (unless I'm being an idiot). I expected to be sent a full asset register - giving details of what the assets are, when they were bought, how much they originally cost and the depreciation and capital allowances comput...	rachel_mclean	2	4946	Fri Aug 14 10:24 2015 by rachel_mclean
	Response to new accountant courtesy letter (Preview) I have a client who has been a nightmare from start to finish. He doesn't provide records on time, and when he does provide them they are nonsense. He doesn't pay my invoices on time either. At his end of year I suggested he should find someone else. The new bookkeeper has written me a courtesy letter...	Princess	4	2491	Thu Aug 13 18:15 2015 by Princess
	VT Question....entering opening balances from TB - where is the profit supposed to go? (Preview) Hi, I have a trial balance from a clients previous account which I am entering the opening balances from. Just one thing I'm not to sure of, where do I put the net profit for the year please? There is nothing automatically set up on VT for retained earnings but surely this just goes into the capital accoun...	rachel_mclean	5	1460	Thu Aug 13 14:13 2015 by Shamus
	Insurance policies (Preview) Hi, I have a client (sole trader) who has 2 joint policies with his partner and I am not sure if 50% of them are allowable for my client? Its just the client seems to think so. 1. Insurance to cover the mortgage (if anything happens) 2. Critical illness cover - which pays out a lump sum Georgie	Georgie	2	939	Wed Aug 12 12:58 2015 by Georgie
	Wxpense accrual mainentance (Preview) Hi all Can anyone explain their system for managing accrued expenses? i have a situation where i have expenses accrued up to 12 months in advance of being invoiced accross alot of suppliers So i cant simply reverse out the accrual as the following months expenses for that account would be under...	Dev86	1	966	Wed Aug 12 09:48 2015 by Cheshire
	Register with the Information Commissioner’s Office / MIP Renewal (Preview) Hi, I am just renewing my MIP with the AAT and just wondered if any of you registered with the Information Commissioners Office as it asks at the end in the declaration "I confirm that I am aware of the need to register with the Information Commissioners Office and to comply with my obligations un...	Corry	6	1231	Tue Aug 11 10:11 2015 by Princess
	Payroll questions using payroll manager (Preview) Hi I've taken on a new payroll client and am using payroll manager and have been given everything I need from the previous accountant. Setting up Payroll Manager part way through the year ad inputting the figures to date. I've come across a few things that I don't have a clue about. Firstyly there is a bo...	rachel_mclean	7	2198	Mon Aug 10 21:26 2015 by Corry
	Professional Indemnity Insurance - Seperated Discussion (Preview) The following discussion started in an important sticky so has been removed to it's own thread : I was thinking about your comment, John, about many bookkeepers on here regularly going past TB. I wonder if their PI cover allows this given the rules of certain governing bodies/actual PI insurance te...	Shamus	0	5478	Mon Aug 10 00:34 2015 by Shamus
	Letters after your name (Preview) I sit my BA7 in 2 weeks time so fingers crossed for a pass which will then mean I will upgrade to AICB. I will then apply for my practice licence. I gave contacted a local printers to print some business cards for me, I was going to use Vistaprint but I know the size is not the same as standard card size. This di...	Eilef	31	7694	Sun Aug 9 15:27 2015 by Cheshire
	Currency exchange revaluation update in Sage resulted in huge anomaly in P&L! (Preview) Hello, I am at a loss, hope someone can help me! I took over the accounts (freelance) at a company a few months ago. Their invoices (sales and purchase) are over very big amounts monthly. Mainly in Pounds, but some in Euros (and a minimal amount in Dollars). As the currency rate for Euro was not updated,...	magnolia	1	1132	Tue Aug 4 16:54 2015 by DeniseB
	Where can I buy AAT Level 3 mock exams please? (Preview) Hi, I have 2 AAT level 3 exams in just under 2 weeks and could really do with some extra practice exam papers or old exam papers. I got all the books from Kaplan on the distance learning course so there are no mock exams or anything just one mock at the back of each textbook! I am taking papers - accounts prep A...	rachel_mclean	7	4486	Fri Jul 24 16:26 2015 by Cheshire
	How to set up sage 50 for CASH ACCOUNTING (Preview) Hi, I have been trawling around the internet for some simple instructions to set up cash accounting on Sage 50 professional.....I can't find it anywhere, only for other sage versions but nothing that leads me to the right place. This is a new company I have set up on Sage, I haven't put anything in yet I w...	rachel_mclean	2	1378	Wed Jul 22 14:13 2015 by rachel_mclean
	End of agreement (Preview) One of my clients has ended our agreement of bookkeeping for 1 hour each week which I am relieved about as I feel like the Samaritans when he calls me and he's a bit of a pain in the bum!! I have been thinking about getting rid of him for a few months now but my partner makes me feel guilty about abandoning him!...	KBS	1	1456	Mon Jul 20 20:59 2015 by VinceH
	Landlord Energy Savings Allowance (Preview) Hi all Does anyone have any experience of claiming Landlords Energy Savings Allowance ? I have a client purchased a boiler for a rental property, I understand I can claim a maximum of £1500 as LESA but I wondered if I claimed this if I can still claim the cost against CGT when the property sold or even the b...	lots to learn	1	1628	Mon Jul 20 10:22 2015 by lots to learn
	Director salary - never phisically drawn - takes drawings from bank (Preview) I have a client that runs a limited company (first year of trading) I'm not sure why she is a limited company but she is and I am leaving it at that - I don't want to be advising people on something I know nothing about. I have set her up on payroll to take say 600.00 a month (I can't remember at the top of my head...	rachel_mclean	12	7172	Fri Jul 17 14:56 2015 by rachel_mclean
	Purchase of a van.... Annual Investment Allowance (Preview) Hi, I have a client who has bought a van for work (he's a builder and it's 100% business) and I think I can put the cost in as Annual Investment Allowance for the whole amount. Just a couple of queries though. Van cost £8,000 loan interest 3,000 Does the 8,000 qualify as the AIA and the 3,000 as an expense on t...	rachel_mclean	3	1365	Fri Jul 17 10:01 2015 by rachel_mclean
	Cash Back (Preview) Hi, I have a sole trader client who doesn't have a separate business bank account. They have had £60 from their bank as a cash back on all purchases, business and private from the bank account. Would I record this as "Other Income" ? Georgie	Georgie	0	1301	Wed Jul 15 16:08 2015 by Georgie
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