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Where to allocate?
(Preview)
Hi I have a couple of invoices which are quite high and and for supply of pipework/installation of sinks/disabled toilet and to pipe up a new water heater - for a restaurant, which took over a small retail unit (Change of use) Should I be placing these in fixed assets? If so where? Can I set up premise...
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Cheshire
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6
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905
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Bookkeeping for a lettings agent - does anyone do it?
(Preview)
Does anyone do bookkeeping for a lettings agent? I want to set it up on Quickbooks and am thinking of the best way. Do you have separate records for tenant and landlord or just one for the property. If only one how does that work with money coming in and out? Do you do deductions for landlord maintenanc...
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Princess
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6
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3696
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New client wants CIS online returns
(Preview)
Hi Everyone, I am a newly qualified bookkeeper with the ICB (level II manual and computerised) and I'm currently studying for the Self Assessment diploma and will then follow this with the Payroll Diploma. I have just secured my first client who just happens to be in the construction business, whi...
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MaryChristina
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2
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751
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Treatment of website development
(Preview)
Hi everyone OK, I am starting to get confused and I thought putting this query in a post might benefit all, at some point in their career! Website development for a website which doesn't sell anything. Here is how I do (and maybe don't) understand it... in simplistic terms... If nothing is sold on the we...
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FoxAccountancyServices
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29
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4886
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Excel - Is there a quick way?
(Preview)
Ok - So you have a cash book for an account and each row has a relevant income/expense type in the 'category' column. When you then filter this column, there are around 30 different types. If I then wanted to amend the way the spreadsheet works and show the categories along the top with each having it's ow...
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Count1314
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6
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1093
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Last year, I accidentally put my 'cash at bank and in hand' as too high
(Preview)
I've been a fool. Last year I attempted to do my own abbreviated accounts. Purely accidentally (ended up paying more tax), I listed my 'cash at bank and in hand' as too much. The Ltd company has less than £1,000 going in/out per year. I put the 'cash at bank and in hand' , as £146 too much. I paid a small amou...
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leonag12
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2
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898
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Suspense Account - where do I go from here?
(Preview)
Hi, I am not a book-keeper so really hoping someone can help me. I started using Sage at the start of our new accounting year (last year), our accountant gave me the opening balances to use. Since setting Sage up an overstatement on the opening balances for our CT and VAT control account has become ap...
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danzey
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7
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2864
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Capital Introduced
(Preview)
Please excuse my ignorance here but I just wanted to put the following scenario forward and would appreciate some help Ltd company Director transfers cash from his personal account into the business bank account as a loan to the Ltd Co. Ltd Co bank account is showing positive balance at the time of tr...
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DONROAMIN1
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3
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820
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Eye test/glasses cost
(Preview)
Hi Can the full cost of an eye test be put through as a business expense (sole trader business)? Also as a result of needing glasses for computer/reading work - can the cost of the glasses (or a proportion)?
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Cheshire
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3
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1550
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Aged debtors spreadsheet
(Preview)
Hello, i have a client who has sage instant, I'm wondering if anyone has a spreadsheet template where I could input customer invoices and it clearly shows when the invoice is due or overdue. Or if there is a simple report on sage, I know there's the aged debtors report but I want something that's clear...
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jlb1988
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9
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2466
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Minus 10p error on VAT reclaimed last return - how best to deal with?
(Preview)
Hi All, Need some simple advice on how best to deal with a typo when entering online last months VAT return? Basically mistyped online the Box 4 figure for VAT reclaimed by all of -10p, so VAT repayment (as we are an importing/exporting company and always on repayments) has now arrived and of course is 1...
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Ridesy
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2
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944
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Self Employed to Ltd Company -Bank Account
(Preview)
Hi All, I wonder if anyone can help... a bank account was opened for a self employed business. Currently waiting to get bank cards etc so no transactions have been put through as yet. Now person has decided to trade as a limited company instead and has registered the company. Can he still use the bank...
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Tammy
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4
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1033
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Directors funding business purchases with credit cards in their own name.
(Preview)
The title says it all, really. If a company with two directors has been buying goods for the business using their own credit cards how is this recorded? My guess would be that it's: Dr Expense account (e.g. phone and internet) Cr Director's Loan account. (A separate account for each director) Is thi...
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HumanShale
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8
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4794
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Accounts back from client's accountant very different to what I supplied!
(Preview)
Some advice please. I did a big bookkeeping job last year for someone, it took me many hours and was my biggest invoice of the year last year. I sent all the details to his accountant, reports from Quickbooks, explanations of what I'd done and why. I'd taken some time to make sure the starting balance...
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Princess
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4
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1143
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Groupon
(Preview)
Hi Does anyone know how you deal with these? My client has an offer with them, they are a sole trader and not VAT reg. They get the income direct from Groupon the client also mentioned that there is a loop hole with Groupon that means you can claim back some VAT - does anyone know anything about them? DO I get...
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rachael-pink
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4
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1236
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Balance Sheet
(Preview)
This is for my own experience. I've done the accounts and self assessment for a sole trader. As part of his expenses he used his car to travel to a trade show so put in a mileage charge. He hasn't taken the money for this but I have put the charge as an expense in the P & L. I haven't issued the client wit...
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Elaine R
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6
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1040
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Networking events -
(Preview)
Hi, I have been invited to go along to a networking event with a friend this week and as its my first I am a bit nervous. I have looked through the forums and there is some great advice but since the threads are all from a while back I thought I would ask again and see if there is anything anyone else can add. I a...
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Meadowlands
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14
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1144
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Business expense
(Preview)
Hi all A client trades as an interior designer, services range from consultancy and design service to making the soft furnishings. Client regularly buys Home and Country; beautiful Homes mags etc. in the name of inspiration! As these are not trade subscriptions per se. wondering how the revenue w...
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DONROAMIN1
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4
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1083
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New sage user, please help!
(Preview)
Hi All, I'm a new sage user, please help me! 1)How do you enter on Sage for this transaction, let say we have received £1,000 deposit from our customer, my boss wants to forfeit the deposit which we are not going to pay back to our customer. £1,000 in the Customer Account at the moment and would like to mov...
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siawfui72
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1
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939
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Accountants
(Preview)
My boss has received his tax bill and as usual is ever so slightly miffed. It appears even though he tried many "tax avoidance" schemes, he has managed to stray into the 40% bracket, this makes for a grumpy boss, (I won't go into how he believes he has paid enough tax ). Of course everything got...
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Rhianrach
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19
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1670
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