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

Liga · Liga

Hello All, I wonder if anyone could assist with an advice.I run my own small bookkeeping & accountancy firm via which I provide bookkeeping and accountancy services for a handful of small businesses.The firm doesnt provide me with enough cash inflow so I decided to go and contract in the city in...

Adrian99 · Adrian99

Hello. Please if I can get some help with two questions. 1. How the owners of the limited company can withdraw money for personal use ? This is the case of two associates who want to start a small construction business. They`ve asked me and i just want to make sure how this works. I know that for self emp...

Count1314 · Count1314

Ok - These can be genuine payments that are going through the bank account with no receipts, OR a very disorganised retail type business with cash payments that they have lost control/records of, OR someone trying to be 'fly' (e.g., someone paying staff cash in hand, making purchases on the black etc...

MichaelWGroves · MichaelWGroves

I need to complete my first Self Assessment. I have rental property which my wife and I own. So assuming 50/50 I just put both our expenses and income at 50/50 easy. But I've been told as it's a partnership I also need to do a return for the company. Is this correct? Thanks Michael

MichaelWGroves · MichaelWGroves

I have a HMO, I have received a council grant to assist with repairs and on the bases that I let to the council at a reduced rate on a 5 year contract. When filling my accounts how do I show this grant if at all? Regards Michael

pargrey · pargrey

Hi I'm trying to import a report into sage as Audit Trail Transactions but I'm struggling when I get to the field mappings section. It's telling me that where there is an asterisk I need to enter a selection in the imported field column from the drop down box but I'm unsure as to what I should be entering...

rachael-pink · rachael-pink

Hi When someone spends money using the business bank account - how do I deal with this? Do I just post the amount to adjustments or misc expenses? If i don't post them then my bank statement won't be the same and I won't be able to reconcile - will I or is there another way of doing it? I'm talking about £600-7...

Count1314 · Count1314

Ok - So these days it seems beneficial in the main to incorporate a Ltd Company from a previous sole trader business. One of the benefits might be that you can charge goodwill to the new incorporated Ltd company.......but there is a rule somewhere (I may be wrong but I seem to recall this) that an individ...

racheas · racheas

how does one account for gift of money to a small business? it is the owner's husband, and it is not a loan to be repaid and he wishes no interest/stake in the business, just wants to help his wife through some tough times. There are no employees (as yet), the monies are going towards purchase of updated eq...

FoxAccountancyServices · FoxAccountancyServices

Heres a kooky question... Two directors work full time and run a company in their spare time. Director 1 goes to the home of Director 2 most days, as this is where the business operates from (not reg office address, as service address being used). Would this mileage be deemed as a commute rather than...

Elaine R · Elaine R

This is probably very simple but I need to pay a supplier who has invoiced us in Euro's. The company bank account is GBP. How do I pay the supplier in Euro's? It's a new bank that I am not familiar with and cannon see the option to select the currency. Elaine

Canbookkeepers · Canbookkeepers

CanBookkeeping offers Toronto businesses vast resources of a consultant experienced in business management, litigation, accounting systems, internal controls and the day to day operation of a business coupled with an innovative network of business systems that insure good accounting data i...

jasper_accountant · jasper_accountant

Hi everyone I'm currently working for a company where they do cash accounting. SAGE obviously calculates based on accruals accounting. From my basic accounting knowledge the difference between the cash accounting payment made for quarter end April 13 and the SAGE balance for quarter end April 13...

Jay3 · Jay3

Hi All, I'm after some advice. I've just got my practice certificate (non audit) and was wondering what I can do in terms of going it alone. I hate working for an employer and was recently stabbed in the back by my boss over a promotion, he basically wanted to keep me so ensured he was on the interview pane...

rachael-pink · rachael-pink

Hi Does anyone know where I can get a list of what is what (regarding VAT) on garage car things. i.e MOT is outside the scope but are cambelt kits zero rated? I have an invoice that suggests so but this confuddles me a bit. Are there any docments anyone knows of that lays it all out so there is no margin for con...

Princess · Princess

I have a ltd company client that valets cars. They saw a car for a good price knowing they could sell it for more, and then sold it for a small amount more than they paid for it. How do I account for this? Is it a fixed asset which they buy and sell? I am not doing their final accounts but out of interest how...

Elaine R · Elaine R

Hi I've just come across this book on the internet. Has anyone seen it/bought it and what are your thoughts on it? Is it worth buying? Elaine

Shelly · Shelly

Hello, I just have a quick question. I have few suppliers invoices for a previous quarter (April - June). Can they be included in this Vat return (July - September)? Thank you for an answer. Kind wishes Shelly

cath343 · cath343

Hi, I have incorrectly paid off a batch of invoices on a supplier account, I then realised that I had paid the wrong invoices off and went to maintenance and corrections and deleted the payment. I then went back to the supplier account to pay the correct invoices off but only some of the originally 'pai...

Vallpress · Vallpress

Hello Does anyone have a contract for a book keeper I could have? We have employed a book keeper as a contractor, but struggling to find a contract for her. SHe will be invoicing us for the hours she does. Thanks so much! Victoria

Topic		Started By	Replies	Views	Last Post
	IR35 (Preview) Hello All, I wonder if anyone could assist with an advice.I run my own small bookkeeping & accountancy firm via which I provide bookkeeping and accountancy services for a handful of small businesses.The firm doesnt provide me with enough cash inflow so I decided to go and contract in the city in...	Liga	7	1433	Tue Nov 5 04:21 2013 by Liga
	How can a limited company owner withdraw money for personal use ? Is the personal allowance double for a partnership ? (Preview) Hello. Please if I can get some help with two questions. 1. How the owners of the limited company can withdraw money for personal use ? This is the case of two associates who want to start a small construction business. They`ve asked me and i just want to make sure how this works. I know that for self emp...	Adrian99	13	1982	Tue Nov 5 04:01 2013 by Adrian99
	Missing receipts query....any other way?? (Preview) Ok - These can be genuine payments that are going through the bank account with no receipts, OR a very disorganised retail type business with cash payments that they have lost control/records of, OR someone trying to be 'fly' (e.g., someone paying staff cash in hand, making purchases on the black etc...	Count1314	9	1479	Mon Nov 4 21:24 2013 by Don Tax
	First Self Assesment (Preview) I need to complete my first Self Assessment. I have rental property which my wife and I own. So assuming 50/50 I just put both our expenses and income at 50/50 easy. But I've been told as it's a partnership I also need to do a return for the company. Is this correct? Thanks Michael	MichaelWGroves	4	1026	Mon Nov 4 05:47 2013 by MichaelWGroves
	Grants (Preview) I have a HMO, I have received a council grant to assist with repairs and on the bases that I let to the council at a reduced rate on a 5 year contract. When filling my accounts how do I show this grant if at all? Regards Michael	MichaelWGroves	8	1091	Mon Nov 4 05:42 2013 by MichaelWGroves
	field mappings in sage (Preview) Hi I'm trying to import a report into sage as Audit Trail Transactions but I'm struggling when I get to the field mappings section. It's telling me that where there is an asterisk I need to enter a selection in the imported field column from the drop down box but I'm unsure as to what I should be entering...	pargrey	2	984	Mon Nov 4 01:22 2013 by pargrey
	Personal spending on a business account (Preview) Hi When someone spends money using the business bank account - how do I deal with this? Do I just post the amount to adjustments or misc expenses? If i don't post them then my bank statement won't be the same and I won't be able to reconcile - will I or is there another way of doing it? I'm talking about £600-7...	rachael-pink	13	1558	Mon Nov 4 01:13 2013 by Adrian99
	Goodwill anyone? (Preview) Ok - So these days it seems beneficial in the main to incorporate a Ltd Company from a previous sole trader business. One of the benefits might be that you can charge goodwill to the new incorporated Ltd company.......but there is a rule somewhere (I may be wrong but I seem to recall this) that an individ...	Count1314	15	1605	Sat Nov 2 23:18 2013 by FoxAccountancyServices
	accounting for gifts? (Preview) how does one account for gift of money to a small business? it is the owner's husband, and it is not a loan to be repaid and he wishes no interest/stake in the business, just wants to help his wife through some tough times. There are no employees (as yet), the monies are going towards purchase of updated eq...	racheas	1	799	Sat Nov 2 23:15 2013 by FoxAccountancyServices
	Mileage (Preview) Heres a kooky question... Two directors work full time and run a company in their spare time. Director 1 goes to the home of Director 2 most days, as this is where the business operates from (not reg office address, as service address being used). Would this mileage be deemed as a commute rather than...	FoxAccountancyServices	2	863	Sat Nov 2 17:36 2013 by Truemanbrown
	GBP Bank Account - Euro payment (Preview) This is probably very simple but I need to pay a supplier who has invoiced us in Euro's. The company bank account is GBP. How do I pay the supplier in Euro's? It's a new bank that I am not familiar with and cannon see the option to select the currency. Elaine	Elaine R	5	1238	Fri Nov 1 23:35 2013 by Elaine R
	Can-Bookkeeping & Accounting. (Preview) CanBookkeeping offers Toronto businesses vast resources of a consultant experienced in business management, litigation, accounting systems, internal controls and the day to day operation of a business coupled with an innovative network of business systems that insure good accounting data i...	Canbookkeepers	1	853	Fri Nov 1 05:38 2013 by Shamus
	Reconciling cash accounting to accrual accounting (VAT) (Preview) Hi everyone I'm currently working for a company where they do cash accounting. SAGE obviously calculates based on accruals accounting. From my basic accounting knowledge the difference between the cash accounting payment made for quarter end April 13 and the SAGE balance for quarter end April 13...	jasper_accountant	13	8677	Thu Oct 31 17:46 2013 by jasper_accountant
	Just got my Practice Certificate - What can I do (Preview) Hi All, I'm after some advice. I've just got my practice certificate (non audit) and was wondering what I can do in terms of going it alone. I hate working for an employer and was recently stabbed in the back by my boss over a promotion, he basically wanted to keep me so ensured he was on the interview pane...	Jay3	33	3954	Tue Oct 29 21:10 2013 by Jay3
	VAT - outside scope, exempt and zero rated for car things (Preview) Hi Does anyone know where I can get a list of what is what (regarding VAT) on garage car things. i.e MOT is outside the scope but are cambelt kits zero rated? I have an invoice that suggests so but this confuddles me a bit. Are there any docments anyone knows of that lays it all out so there is no margin for con...	rachael-pink	2	1808	Tue Oct 29 20:20 2013 by RobH
	Fixed asset or not? (Preview) I have a ltd company client that valets cars. They saw a car for a good price knowing they could sell it for more, and then sold it for a small amount more than they paid for it. How do I account for this? Is it a fixed asset which they buy and sell? I am not doing their final accounts but out of interest how...	Princess	2	845	Tue Oct 29 20:17 2013 by Princess
	Salary vs dividend -book by Dr Nick Braun (Preview) Hi I've just come across this book on the internet. Has anyone seen it/bought it and what are your thoughts on it? Is it worth buying? Elaine	Elaine R	4	1184	Tue Oct 29 04:33 2013 by Shamus
	VAT rerurn - invoices for a previous quarter (Preview) Hello, I just have a quick question. I have few suppliers invoices for a previous quarter (April - June). Can they be included in this Vat return (July - September)? Thank you for an answer. Kind wishes Shelly	Shelly	3	1077	Mon Oct 28 14:30 2013 by FoxAccountancyServices
	Deleted Supplier payment (Preview) Hi, I have incorrectly paid off a batch of invoices on a supplier account, I then realised that I had paid the wrong invoices off and went to maintenance and corrections and deleted the payment. I then went back to the supplier account to pay the correct invoices off but only some of the originally 'pai...	cath343	3	852	Mon Oct 28 01:39 2013 by Stardoe
	Contract for book keeper (Preview) Hello Does anyone have a contract for a book keeper I could have? We have employed a book keeper as a contractor, but struggling to find a contract for her. SHe will be invoicing us for the hours she does. Thanks so much! Victoria	Vallpress	2	920	Sat Oct 26 05:37 2013 by Amanda
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