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

Ridesy · Ridesy

Hi, Simple question really. Business employs husband and wife, husband is sole director, wife non-director but both full-time and on PAYE payroll. Both are shareholders 50/50. Any reason why a standard celebration "party" (more like meal) cannot be paid for by business and not P11D ch...

HumanShale · HumanShale

OK, so the directors of a company have taken out a loan themselves that is used only for business purposes as they were unable to raise the money any other way. They put the money in the bank account. I have recorded this as: Dr Bank Cr Directors Current Account The repayments I am recording as (obviousl...

Crina · Crina

Hi, Everybody! My company does business in multi currency. I tried to print the debtors balance list with foreign currency. but it came out that all of the transactions in different currencies are mixed together in one list. Is there any way that I can print the list in different currency separately?...

Crina · Crina

Hi, guys. There is a question about correction for prior year transaction. I use Sage 50. I found there is an invoice posted incorrectly in the last year which needs to be deleted. But I can not simply delete this invoice as it will affect the final balance, plus last year year's financial statements h...

Cheshire · Cheshire

Hi Ltd co customer y/e was Sep and he has signed off final accounts. He only received one invoice for rent so I accrued rent monthly at rate of £750. Just had invoices from landlord in, dated pre year end (15 April / 1 May) and Ive not accrued enough (although not far out!). What is the best way to go round rev...

Tammy · Tammy

Hi everyone, On a SA for a self employed, I understand total income on which tax is due is profit from self employment minus personal allowance (£8105 for 2012/13). Let's say the resultant figure is £15000 (£23105-£8105). When it comes to Class 4 NICs, do I go £15000 x 9% to get the figure of £1350 for Cla...

BudgetB · BudgetB

Hello all, Is it possible to find a voided PO in Quickbooks, or is it gone forever? Thanks

Cheshire · Cheshire

Hi One of my customers has given me some receipts for restaurants for when he was attending a trade fair in London (he lives in Manchester). He has included a service charge on one, whilst the other has a service charge automatically added. Do i ignore the service charge when claiming it back from his...

MagdaS · MagdaS

HiI am thinking of setting up my own bookkeeping business and I am looking around for good bookkeeping software which enable me to produce monthly reports (P&, BS, Aged Deports & Creditors etc.) VAT and extra feature (optional) which allow my clients to have access to the system at any tim...

tonys · tonys

Hi I have a UK based online client, VAT regd. They have been approached by a US based online company who wish to take orders (and payment) of certain products and want us the distribute the EU orders. They would pay the client monthly for the goods and distribution. If I state this as US sale to the USl...

Amanda · Amanda

Sorry not really a bookkeeping related question! Kris, my emails are down and they aren't even coming through on my phone now, hence why I am contacting you this way as I can't send or receive any emails at all. Please give me a call tomorrow (Wednesday) and tell me what I need to do to rectify it? It is say...

Dscott · Dscott

Hi Guys,I have a query with Sage Accounts.When creating a new invoice I begin typing the first line then tab along to enter price.Then if I go back for some reason and alter this I then would save and print.When printing the document the description and price is correct however when printing a "de...

Crina · Crina

Hello everybody. I'm trying to print the customers activity list, but can not get the total balance on the printing. I have to manually write it down. Can anyone tell me is there any place that I can print the a certain customer activity list with every transaction as well as the balance. Thanks a lot. C...

sirromila · sirromila

I am a newbie. Only have a couple of self assessment clients. Due to ill health of a local book keeper I have been asked to take over a couple of clients. Looking over the previous paperwork (11-12) I can see that they have claimed for Laundry @ £2.50 per week, Business use of residence @ £3 per week & Ad...

MichaelWGroves · MichaelWGroves

I have a small property portfolio. I am aware you can claim interest on all borrowings up to the property's value at the time it was first rented out. So here's a scenario, lets say I purchase a property with 100% mortgage for £80,000. I paint it top to bottom, put new carpets in and the house is worth £100,...

KAZ · KAZ

Hi, I am self employed and work alone full time but I do occasionally have assistance with admin and would like to be able to take the girls out for a christmas meal as a thank you. Can someone please let me know how much I can offset through my business?

bk · bk

Hi all, I've taken over a new client from another accountant. He's been trading since April this year as a Ltd company. No accounts have been prepared by the old accountant, so no trial balance etc forwarded to me. The client is a car mechanic and has been personally paying for and accumulating tools ov...

Tammy · Tammy

Hi all May you please help with the following issues giving me sleepless nights: 1. Is it correct to say that the Drawings account is a balancing account in a self-employed business? Do I need to itemise everything that goes in there or can I just dump any small amounts in there? 2. Also, when I am reve...

AlinaAc · AlinaAc

Hi, I have this situation where to separate jewellery businesses share a single electricity meter but only one business's name is printed on a bill. When the bill arrives, companies share it 50/50. Now the other company whose name is not printed on the bill wishes to file electricity expenses so they...

AndyRoo · AndyRoo

Hi I've only just discovered this site (gawd knows I could have used you lot over the years!) I'm using Sage 50 and I swear I used to be able to save a journal so I can just amend any figures and use the same format each time. It seems to have disappeared. Am I being a bit thick? lol Thanks so much in advance x...

Topic		Started By	Replies	Views	Last Post
	Christmas Lunch/Dinner - Allowable? (Preview) Hi, Simple question really. Business employs husband and wife, husband is sole director, wife non-director but both full-time and on PAYE payroll. Both are shareholders 50/50. Any reason why a standard celebration "party" (more like meal) cannot be paid for by business and not P11D ch...	Ridesy	1	1150	Thu Dec 19 00:15 2013 by MarkS
	Double Entry for Directors Loans (Preview) OK, so the directors of a company have taken out a loan themselves that is used only for business purposes as they were unable to raise the money any other way. They put the money in the bank account. I have recorded this as: Dr Bank Cr Directors Current Account The repayments I am recording as (obviousl...	HumanShale	3	10504	Wed Dec 18 15:23 2013 by Mad Liz
	Detors list (Preview) Hi, Everybody! My company does business in multi currency. I tried to print the debtors balance list with foreign currency. but it came out that all of the transactions in different currencies are mixed together in one list. Is there any way that I can print the list in different currency separately?...	Crina	1	855	Mon Dec 16 21:49 2013 by Amanda
	prior year correction (Preview) Hi, guys. There is a question about correction for prior year transaction. I use Sage 50. I found there is an invoice posted incorrectly in the last year which needs to be deleted. But I can not simply delete this invoice as it will affect the final balance, plus last year year's financial statements h...	Crina	2	822	Mon Dec 16 14:29 2013 by Crina
	What date to key in software/how best to sort accrual etc - HELP please (Preview) Hi Ltd co customer y/e was Sep and he has signed off final accounts. He only received one invoice for rent so I accrued rent monthly at rate of £750. Just had invoices from landlord in, dated pre year end (15 April / 1 May) and Ive not accrued enough (although not far out!). What is the best way to go round rev...	Cheshire	2	863	Sun Dec 15 16:51 2013 by Cheshire
	SA for Self employment and Class 4 NICs (Preview) Hi everyone, On a SA for a self employed, I understand total income on which tax is due is profit from self employment minus personal allowance (£8105 for 2012/13). Let's say the resultant figure is £15000 (£23105-£8105). When it comes to Class 4 NICs, do I go £15000 x 9% to get the figure of £1350 for Cla...	Tammy	3	955	Fri Dec 13 05:53 2013 by Tammy
	Quickbooks Question (Preview) Hello all, Is it possible to find a voided PO in Quickbooks, or is it gone forever? Thanks	BudgetB	2	763	Thu Dec 12 13:25 2013 by BudgetB
	Subsistence - service charge query (Preview) Hi One of my customers has given me some receipts for restaurants for when he was attending a trade fair in London (he lives in Manchester). He has included a service charge on one, whilst the other has a service charge automatically added. Do i ignore the service charge when claiming it back from his...	Cheshire	2	736	Thu Dec 12 13:11 2013 by Cheshire
	The best software package for starts up (Preview) HiI am thinking of setting up my own bookkeeping business and I am looking around for good bookkeeping software which enable me to produce monthly reports (P&, BS, Aged Deports & Creditors etc.) VAT and extra feature (optional) which allow my clients to have access to the system at any tim...	MagdaS	16	1257	Wed Dec 11 21:21 2013 by Sharon Eyre
	VAT on US/EU sale (Preview) Hi I have a UK based online client, VAT regd. They have been approached by a US based online company who wish to take orders (and payment) of certain products and want us the distribute the EU orders. They would pay the client monthly for the goods and distribution. If I state this as US sale to the USl...	tonys	3	940	Wed Dec 11 10:03 2013 by Cheshire
	Help Kris!! (Preview) Sorry not really a bookkeeping related question! Kris, my emails are down and they aren't even coming through on my phone now, hence why I am contacting you this way as I can't send or receive any emails at all. Please give me a call tomorrow (Wednesday) and tell me what I need to do to rectify it? It is say...	Amanda	0	787	Tue Dec 10 22:43 2013 by Amanda
	Sage Accounts Invoicing Error (Preview) Hi Guys,I have a query with Sage Accounts.When creating a new invoice I begin typing the first line then tab along to enter price.Then if I go back for some reason and alter this I then would save and print.When printing the document the description and price is correct however when printing a "de...	Dscott	1	746	Tue Dec 10 19:04 2013 by VinceH
	Activity list (Preview) Hello everybody. I'm trying to print the customers activity list, but can not get the total balance on the printing. I have to manually write it down. Can anyone tell me is there any place that I can print the a certain customer activity list with every transaction as well as the balance. Thanks a lot. C...	Crina	7	934	Tue Dec 10 17:36 2013 by RobH
	Allowable expenses (Preview) I am a newbie. Only have a couple of self assessment clients. Due to ill health of a local book keeper I have been asked to take over a couple of clients. Looking over the previous paperwork (11-12) I can see that they have claimed for Laundry @ £2.50 per week, Business use of residence @ £3 per week & Ad...	sirromila	4	1217	Mon Dec 9 20:15 2013 by Sharon Eyre
	Interest Relief (Preview) I have a small property portfolio. I am aware you can claim interest on all borrowings up to the property's value at the time it was first rented out. So here's a scenario, lets say I purchase a property with 100% mortgage for £80,000. I paint it top to bottom, put new carpets in and the house is worth £100,...	MichaelWGroves	1	651	Mon Dec 9 13:04 2013 by FoxAccountancyServices
	Christmas (Preview) Hi, I am self employed and work alone full time but I do occasionally have assistance with admin and would like to be able to take the girls out for a christmas meal as a thank you. Can someone please let me know how much I can offset through my business?	KAZ	3	1085	Sun Dec 8 10:34 2013 by ChrisBolton
	Expenses before trading (Preview) Hi all, I've taken over a new client from another accountant. He's been trading since April this year as a Ltd company. No accounts have been prepared by the old accountant, so no trial balance etc forwarded to me. The client is a car mechanic and has been personally paying for and accumulating tools ov...	bk	2	928	Fri Dec 6 17:52 2013 by bk
	Self employed business - Balance Sheet items (Preview) Hi all May you please help with the following issues giving me sleepless nights: 1. Is it correct to say that the Drawings account is a balancing account in a self-employed business? Do I need to itemise everything that goes in there or can I just dump any small amounts in there? 2. Also, when I am reve...	Tammy	8	3552	Thu Dec 5 09:01 2013 by myremotequalitybookkeeping
	Two companies on a single electricity meter (Preview) Hi, I have this situation where to separate jewellery businesses share a single electricity meter but only one business's name is printed on a bill. When the bill arrives, companies share it 50/50. Now the other company whose name is not printed on the bill wishes to file electricity expenses so they...	AlinaAc	8	854	Wed Dec 4 23:36 2013 by AlinaAc
	Nominal Journal Template (Preview) Hi I've only just discovered this site (gawd knows I could have used you lot over the years!) I'm using Sage 50 and I swear I used to be able to save a journal so I can just amend any figures and use the same format each time. It seems to have disappeared. Am I being a bit thick? lol Thanks so much in advance x...	AndyRoo	6	965	Wed Dec 4 21:13 2013 by Stardoe
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