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

Nimac · Nimac

Hello, hoping someone can help me. I'm doing an excercise for a client to work out the hourly rate he should be charging for his engineers, i have been comparing my calculations with the calcualtions done by the person who did this in previous years and have noticed a difference in how we both do it which...

Samilou67 · Samilou67

I have posted opening balance adjustments twice in Sage (don't ask how!) and need to correct it asap. Do I just enter the reverse debit/credits as year end journals? eg 31/3/12 1235 Bank account dr cr 6960 so 31/3/12 1235 Bank account dr ...

Tammy · Tammy

Hi all, I was wondering if due dates for returns etc for HMRC and Companies House will change (to due immediately) if one declares a company as dissolved? A company was formed in April 2013 and stopped trading in December 2013. Are company/tax returns due at the same time as they would have been had th...

Cheshire · Cheshire

Hi One of my clients sells via Amazon/ebay etc and pays fro postage via Royal Mail online. Some of the postage fees are debited to their business account - should I be asking for receipts to be printed or just process them as they hit the Bank account?

Clairey T · Clairey T

Hey! I wonder if anyone can help please? Here we go bear with me as I am not great at explaining situations...... I received a receipt from a customer and an element of it was posted to mispostings 9999 as I couldn't allocate the amount. However when I try to reconcile the bank statement the amount I pos...

rachael-pink · rachael-pink

Hi Can someone confirm this for me. As a reg VAT company if we have an invoice from a non registered supplier is the tax code t2? Many thanks Rachael

Elaine R · Elaine R

I am being asked to do some bookkeeping for a company in the US and they use quickbooks. I've never really used quick books before and the client is supplying me with bank statements only to do this. They are a clothing retailer in Malibu California. The bank statements are dated 2008-2010 and are neede...

Elaine R · Elaine R

Hi, I am currently entering transactions for a new client and am using quickbooks. I have amounts for cost for moving furniture and stock in to a shop. What is the best code to use for this? The total of the transactions is $1010.00 Regards, Elaine

Count1314 · Count1314

This is one for you accounting reference date gurus.......I have prepared to submit online with HMRC for a Ltd Co........and have finally got the Co House log-in details to input in the system. The online stats periods offered to me in the HMRC online service were from April 2012 to March 31 2013 which...

Sammy76 · Sammy76

I have a client who has two companies. They have quite a few annual subscriptions for various governing bodies. Sometimes they will pay these subscriptions from one company, but need it apportioned to both companies - how do I journal this and account for monthly payments too. For example Payment ma...

Adrian99 · Adrian99

Due to the lack of time I was unable to join any events lately. Does anyone knows what are the upcoming events ? Many thanks, Kind regards, Adrian

lyds2805 · lyds2805

Hi all, I have just recently got my practice licence and taken on my first client. She works as a self-employed carer but has also bought equipment to set up a mobile ice-cream business (which has not yet started trading). The query is whether she can offset the ice cream equipment expenditure a...

ClawzCTR · ClawzCTR

Just wanted to shout about it really... lol! I dont often get to blow my own trumpet! lol Passed my Xero Certifaction and am now a Xero Partner (bronze)! Bloody hard test, well over complicated at least... its like having to read how to open up something on the computer.... is it A. file>save B. etc et...

Princess · Princess

A client has opened a bank account and the bank has given them £50 for doing so. How would I account for this? Is it taxable income? Which account would you assign it to? Thanks.

Beverley · Beverley

Hi All Would it be possible for a bookkeeper to finalise a set of accounts for a small company, that doesnt need to have an audit and had made a loss - therefore not corporation tax to computate. thanks for any help

MarkS · MarkS

Got a Ltd co client who is on SAGE and accounts are prepared well by a bookkeeper with the exception of factoring which last year wasnt posted correctly. (their first year) They turned over £200k last year and probably charged them on the low side at £720 (as was one of my first clients). Fee should pro...

RA1611 · RA1611

Hi everyone. I have recently had the dubious pleasure of taking responsibility for the accounting at a small not for profit organisation. I have no proper training on using Sage so I am learning on the job, albeit with some limited support at quarter end and an employee who puts most of the basic transa...

Happy Brewer · Happy Brewer

Just getting books up to date for self assessment, and have noticed that recurring entries while they are processed, do not appear in my activity for those suppliers. Do I have to manually post them in? Thanks in advance -- Edited by Happy Brewer on Tuesday 17th of December 2013 02:41:29 PM

Sammy76 · Sammy76

My client gets a payment that is offset against something else. He needs it to show as income, which I have done. I posted it as income into his current account. He hadn't told me he didn't physically receive a payment until I queried it when the payments weren't being reconciled in his bank account. Whe...

ldiggin · ldiggin

Are guest room supplies eg. shampoo, toilet paper a direct expense or an overhead in a guesthouse?

Topic		Started By	Replies	Views	Last Post
	Calculating hourly charge out rate (Preview) Hello, hoping someone can help me. I'm doing an excercise for a client to work out the hourly rate he should be charging for his engineers, i have been comparing my calculations with the calcualtions done by the person who did this in previous years and have noticed a difference in how we both do it which...	Nimac	1	902	Wed Jan 8 21:28 2014 by kjmcculloch83
	Help (Preview) I have posted opening balance adjustments twice in Sage (don't ask how!) and need to correct it asap. Do I just enter the reverse debit/credits as year end journals? eg 31/3/12 1235 Bank account dr cr 6960 so 31/3/12 1235 Bank account dr ...	Samilou67	2	836	Wed Jan 8 21:20 2014 by Sharon Eyre
	Dissolving a company (Preview) Hi all, I was wondering if due dates for returns etc for HMRC and Companies House will change (to due immediately) if one declares a company as dissolved? A company was formed in April 2013 and stopped trading in December 2013. Are company/tax returns due at the same time as they would have been had th...	Tammy	2	841	Wed Jan 8 11:50 2014 by Tammy
	Postage bought online (Preview) Hi One of my clients sells via Amazon/ebay etc and pays fro postage via Royal Mail online. Some of the postage fees are debited to their business account - should I be asking for receipts to be printed or just process them as they hit the Bank account?	Cheshire	7	861	Mon Jan 6 11:57 2014 by Cheshire
	Reconciling Bank Statement (Preview) Hey! I wonder if anyone can help please? Here we go bear with me as I am not great at explaining situations...... I received a receipt from a customer and an element of it was posted to mispostings 9999 as I couldn't allocate the amount. However when I try to reconcile the bank statement the amount I pos...	Clairey T	6	1011	Sun Jan 5 23:41 2014 by Clairey T
	Buying supplies from non registered VAT supplier (Preview) Hi Can someone confirm this for me. As a reg VAT company if we have an invoice from a non registered supplier is the tax code t2? Many thanks Rachael	rachael-pink	24	17567	Thu Jan 2 12:54 2014 by bro0010
	Bookkeeping in Quickbooks for USA company (Preview) I am being asked to do some bookkeeping for a company in the US and they use quickbooks. I've never really used quick books before and the client is supplying me with bank statements only to do this. They are a clothing retailer in Malibu California. The bank statements are dated 2008-2010 and are neede...	Elaine R	23	1920	Mon Dec 30 12:54 2013 by Elaine R
	Transaction code query (Preview) Hi, I am currently entering transactions for a new client and am using quickbooks. I have amounts for cost for moving furniture and stock in to a shop. What is the best code to use for this? The total of the transactions is $1010.00 Regards, Elaine	Elaine R	0	462	Sat Dec 28 10:40 2013 by Elaine R
	Accounting reference date query (Preview) This is one for you accounting reference date gurus.......I have prepared to submit online with HMRC for a Ltd Co........and have finally got the Co House log-in details to input in the system. The online stats periods offered to me in the HMRC online service were from April 2012 to March 31 2013 which...	Count1314	2	730	Sat Dec 28 11:04 2013 by Count1314
	Apportioning a prepayment (Preview) I have a client who has two companies. They have quite a few annual subscriptions for various governing bodies. Sometimes they will pay these subscriptions from one company, but need it apportioned to both companies - how do I journal this and account for monthly payments too. For example Payment ma...	Sammy76	8	1059	Thu Dec 26 20:07 2013 by ilsm
	Next ICB Event London and other accountancy related events (Preview) Due to the lack of time I was unable to join any events lately. Does anyone knows what are the upcoming events ? Many thanks, Kind regards, Adrian	Adrian99	2	623	Tue Dec 24 12:18 2013 by Adrian99
	Two businesses on one tax return? (Preview) Hi all, I have just recently got my practice licence and taken on my first client. She works as a self-employed carer but has also bought equipment to set up a mobile ice-cream business (which has not yet started trading). The query is whether she can offset the ice cream equipment expenditure a...	lyds2805	2	990	Mon Dec 23 16:52 2013 by lyds2805
	2 Exams in one week! (Preview) Just wanted to shout about it really... lol! I dont often get to blow my own trumpet! lol Passed my Xero Certifaction and am now a Xero Partner (bronze)! Bloody hard test, well over complicated at least... its like having to read how to open up something on the computer.... is it A. file>save B. etc et...	ClawzCTR	7	1292	Sat Dec 21 22:25 2013 by ClawzCTR
	£50 gift by bank to open account (Preview) A client has opened a bank account and the bank has given them £50 for doing so. How would I account for this? Is it taxable income? Which account would you assign it to? Thanks.	Princess	7	786	Sat Dec 21 13:42 2013 by Shamus
	Prepare final accounts (Preview) Hi All Would it be possible for a bookkeeper to finalise a set of accounts for a small company, that doesnt need to have an audit and had made a loss - therefore not corporation tax to computate. thanks for any help	Beverley	4	1052	Fri Dec 20 18:00 2013 by Beverley
	What would you charge??? (Preview) Got a Ltd co client who is on SAGE and accounts are prepared well by a bookkeeper with the exception of factoring which last year wasnt posted correctly. (their first year) They turned over £200k last year and probably charged them on the low side at £720 (as was one of my first clients). Fee should pro...	MarkS	4	882	Fri Dec 20 11:46 2013 by ilsm
	Invoices and Payments on Sage 50 (Preview) Hi everyone. I have recently had the dubious pleasure of taking responsibility for the accounting at a small not for profit organisation. I have no proper training on using Sage so I am learning on the job, albeit with some limited support at quarter end and an employee who puts most of the basic transa...	RA1611	2	1652	Thu Dec 19 21:32 2013 by MarkS
	Sage 50 recurring entries (Preview) Just getting books up to date for self assessment, and have noticed that recurring entries while they are processed, do not appear in my activity for those suppliers. Do I have to manually post them in? Thanks in advance -- Edited by Happy Brewer on Tuesday 17th of December 2013 02:41:29 PM	Happy Brewer	6	3383	Thu Dec 19 16:45 2013 by Stardoe
	Help - income not in bank but where should I post it? (Preview) My client gets a payment that is offset against something else. He needs it to show as income, which I have done. I posted it as income into his current account. He hadn't told me he didn't physically receive a payment until I queried it when the payments weren't being reconciled in his bank account. Whe...	Sammy76	5	1003	Thu Dec 19 16:31 2013 by Shamus
	chart of accounts for Guesthouse (Preview) Are guest room supplies eg. shampoo, toilet paper a direct expense or an overhead in a guesthouse?	ldiggin	1	1145	Thu Dec 19 14:03 2013 by Rhianrach
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