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

Rainoo · Rainoo

Hi there, I have a question regarding petty cash. If I want to show cash going into petty cash from the business owner, I was going to use Bank Receipts to record the funds. If I do this, which general ledger do I use to record this? I was going to use the drawings nominal code 3050 for this, but I am not sur...

Taylor1 · Taylor1

Good evening Please can someone point me in the right direction, where would I code live music too in the pub industry I am using sage I was thinking in the 7xxx (change the UK entertainment code maybe?) Also £40 has been taken out of the till to re-fill the gaming machine how would I treat this? Thanks in...

rachael-pink · rachael-pink

I am trying to reconcile a balance and every transaction is as is the bank statement but the O/Bal last reconciled balance is showing £4906.34. However my last reconciled balance from August should be £4881.35 - as it shows on my report from last month. Why would there be a difference in the actual last...

dingo20 · dingo20

Does anyone know how to add a credit item to a sales Invoice in Sage. I'm trying to raised a deposit invoice and then when the work is complete an invoice with the full price less the deposit. Pretty straight forward but Sage support are saying this cant be done and the only way around it is to create a journ...

rachael-pink · rachael-pink

Hi I have a question! If a second hand car dealer has a car for sale say £5,000. They sell the car for £4,000 and get a car in part exchange for £1,000. How do you put this on sage? Do I need to put the part exchange down as stock? But then how do I clear the customer account? Many thanks

geek84 · geek84

Good Morning Folks Anybody attending the Shropshire Branch meeting on Tuesday? It will be my first ever branch meeting that I will be going to, so could someone be kind enough to give an idea of what happens at these events? I think we are supposed to met in a public place called The Beefeater. How would...

FoxAccountancyServices · FoxAccountancyServices

http://www.foxaccountancyservices.co.uk/cash-accounting-basis-for-small-business/

ClaireEley · ClaireEley

I have been asked by a company who uses Apple Mac computers which would be better to use, QuickBooks or Clearbooks? They currently use Sage Line 50.Any assistance with this matter is much appreciated. -- Edited by ClaireEley on Wednesday 4th of September 2013 02:13:37 PM

Adrian99 · Adrian99

Good morning. Please if somebody could help me, I have some questions about QB. 1. If I have two trades, courier and bookkeeper do I have to create 2 companies in Quickbooks ? E.g. Adrian Courier and Adrian Bookkeeper ? 2. Do I need to input every entry from the bank statement or just purchase receipt...

rachael-pink · rachael-pink

Hi For a second hand car dealer I have been allocating repairs and servicing that they do on cars they buy to sell to 7301. Should I instead have a new nominal 5004 which I call servicing and repairs instead? Should I reserve 7301 for repairs and servicing of their own property/cars etc although they d...

Noola · Noola

Two of our clients had debts with us dating back to a year. We passed this onto debt collection and the clients paid but a percentage was taken from these payments for debt collection fees. I have posted the amounts that have been paid to us by the debt collector however it leaves small underpayments due...

Kitty37 · Kitty37

Hi - I have recently realised that insurance provided by a third party is subject to VAT, and as a result of this I have some VAT to reclaim from earlier years as I previously thought that all insurance was VAT exempt (my client is invoiced for his buildings insurance by the landlord). I have read the HMRC...

Rainoo · Rainoo

Hello! I have just noticed that I have two nominal codes for carriage in sage. One is 4905 Distribution and Carriage and the other one is 5100 Carriage. To record costs for sending products out does it really matter which ledger I use in this instance? Thanks in advance for any help Rainoo

Jay3 · Jay3

Hi All, I'm starting a new Ltd company, however, as yet I do not have a bank account so I have incurred expenses on my personal account. How should I bookkeep these? E.g. Companies House Incorporation Fee £15 I have Dr Expense £15 and Cr Business Bank £15, however my accounting sofware shows my acco...

Princess · Princess

I have a client that has a Tassimo coffee machine in the office. Coffee is drunk by the 3 staff and clients that they have visiting them. They also buy mineral water, biscuits etc. Would this be classed as Entertaining? And should I be claiming the VAT back? If not what do you put it under? Thanks

Taylor1 · Taylor1

Good afternoon :) Hoping someone is able to advise. I am trying to put through some cash sheets for a new pub. However I am a little confused at what I am putting through the cash ledger. Basically this guy lets people have a beer tab so he has net sales and Gross sales (net being cash in the till and gross be...

Amanda · Amanda

Hi Everyone, I have the Monday morning feeling and have a blank mind (Yes this is usual for me)! I have a client who has paid some rent and other set up costs prior to business opening and paid them out of his personal account, they are a LTD company, I am assuming I need to post these to the DLA account? Then...

Liga · Liga

Hello All, I wonder if anyone can assist with advice on the below.My client is self-employed and VAT registered and he has a number of sub-contractors who work for him under CIS.Does he need to charge the VAT on his invoices when he recharges the labour costs of these subcontractors to the client?T...

Thandy · Thandy

I currently have invoices which are not paid yet, my payables account will still include dis invoices.. Now the invoice are paid but not from the bank account, these are paid by the Internal Person whom the company should pay him/her back.. How do I treat this transaction? as I am using Sage!

yellowsenska · yellowsenska

Hi , Please could you help me with the following. I have a client who runs limited company and work only for London Underground.He needs to commute to various location around London and his travel cost is over £ 200 per month . Is that cost fully deductible ? Thank you K

Topic		Started By	Replies	Views	Last Post
	Petty Cash Query (Sage) (Preview) Hi there, I have a question regarding petty cash. If I want to show cash going into petty cash from the business owner, I was going to use Bank Receipts to record the funds. If I do this, which general ledger do I use to record this? I was going to use the drawings nominal code 3050 for this, but I am not sur...	Rainoo	2	1011	Fri Sep 13 20:14 2013 by Rainoo
	Pub Music & Gaming Machines (Preview) Good evening Please can someone point me in the right direction, where would I code live music too in the pub industry I am using sage I was thinking in the 7xxx (change the UK entertainment code maybe?) Also £40 has been taken out of the till to re-fill the gaming machine how would I treat this? Thanks in...	Taylor1	17	1471	Wed Sep 11 01:24 2013 by Sammy76
	Reconciling a balance (Preview) I am trying to reconcile a balance and every transaction is as is the bank statement but the O/Bal last reconciled balance is showing £4906.34. However my last reconciled balance from August should be £4881.35 - as it shows on my report from last month. Why would there be a difference in the actual last...	rachael-pink	3	615	Tue Sep 10 03:18 2013 by Stardoe
	Sage sale invoicing adding a credit line Sage sales invoicing software (Preview) Does anyone know how to add a credit item to a sales Invoice in Sage. I'm trying to raised a deposit invoice and then when the work is complete an invoice with the full price less the deposit. Pretty straight forward but Sage support are saying this cant be done and the only way around it is to create a journ...	dingo20	1	8202	Mon Sep 9 22:29 2013 by RobH
	Second hand car - part exchange (Preview) Hi I have a question! If a second hand car dealer has a car for sale say £5,000. They sell the car for £4,000 and get a car in part exchange for £1,000. How do you put this on sage? Do I need to put the part exchange down as stock? But then how do I clear the customer account? Many thanks	rachael-pink	7	1430	Mon Sep 9 22:24 2013 by RobH
	Anybody attending the Shropshire Branch meeting on Tuesday (Preview) Good Morning Folks Anybody attending the Shropshire Branch meeting on Tuesday? It will be my first ever branch meeting that I will be going to, so could someone be kind enough to give an idea of what happens at these events? I think we are supposed to met in a public place called The Beefeater. How would...	geek84	6	935	Mon Sep 9 16:42 2013 by geek84
	New cash accounting basis (Preview) http://www.foxaccountancyservices.co.uk/cash-accounting-basis-for-small-business/	FoxAccountancyServices	6	1079	Mon Sep 9 03:18 2013 by Lady of Ledger
	Quickbooks or Clearbooks (Preview) I have been asked by a company who uses Apple Mac computers which would be better to use, QuickBooks or Clearbooks? They currently use Sage Line 50.Any assistance with this matter is much appreciated. -- Edited by ClaireEley on Wednesday 4th of September 2013 02:13:37 PM	ClaireEley	6	1011	Sun Sep 8 18:06 2013 by ClaireEley
	If I work in two trades, courier and bookkeeper do I have to create 2 companies in Quickbooks ? (Preview) Good morning. Please if somebody could help me, I have some questions about QB. 1. If I have two trades, courier and bookkeeper do I have to create 2 companies in Quickbooks ? E.g. Adrian Courier and Adrian Bookkeeper ? 2. Do I need to input every entry from the bank statement or just purchase receipt...	Adrian99	9	1141	Sun Sep 8 01:15 2013 by Cheshire
	Nominal Codes (Preview) Hi For a second hand car dealer I have been allocating repairs and servicing that they do on cars they buy to sell to 7301. Should I instead have a new nominal 5004 which I call servicing and repairs instead? Should I reserve 7301 for repairs and servicing of their own property/cars etc although they d...	rachael-pink	1	916	Thu Sep 5 23:21 2013 by numbnumber
	How to record debt collection fees - bad debt write off? (Preview) Two of our clients had debts with us dating back to a year. We passed this onto debt collection and the clients paid but a percentage was taken from these payments for debt collection fees. I have posted the amounts that have been paid to us by the debt collector however it leaves small underpayments due...	Noola	5	2203	Thu Sep 5 19:32 2013 by FoxAccountancyServices
	VAT return error - SAGE (Preview) Hi - I have recently realised that insurance provided by a third party is subject to VAT, and as a result of this I have some VAT to reclaim from earlier years as I previously thought that all insurance was VAT exempt (my client is invoiced for his buildings insurance by the landlord). I have read the HMRC...	Kitty37	4	851	Thu Sep 5 19:03 2013 by Kitty37
	Carriage nominal ledger in Sage (Preview) Hello! I have just noticed that I have two nominal codes for carriage in sage. One is 4905 Distribution and Carriage and the other one is 5100 Carriage. To record costs for sending products out does it really matter which ledger I use in this instance? Thanks in advance for any help Rainoo	Rainoo	2	2706	Thu Sep 5 18:26 2013 by Rainoo
	New Ltd Company - Bookkeeping (Preview) Hi All, I'm starting a new Ltd company, however, as yet I do not have a bank account so I have incurred expenses on my personal account. How should I bookkeep these? E.g. Companies House Incorporation Fee £15 I have Dr Expense £15 and Cr Business Bank £15, however my accounting sofware shows my acco...	Jay3	15	1119	Thu Sep 5 16:04 2013 by Jay3
	Office coffee (Preview) I have a client that has a Tassimo coffee machine in the office. Coffee is drunk by the 3 staff and clients that they have visiting them. They also buy mineral water, biscuits etc. Would this be classed as Entertaining? And should I be claiming the VAT back? If not what do you put it under? Thanks	Princess	4	1004	Thu Sep 5 14:48 2013 by Princess
	Bar Tabs (Preview) Good afternoon :) Hoping someone is able to advise. I am trying to put through some cash sheets for a new pub. However I am a little confused at what I am putting through the cash ledger. Basically this guy lets people have a beer tab so he has net sales and Gross sales (net being cash in the till and gross be...	Taylor1	10	1192	Thu Sep 5 02:24 2013 by nautica
	Just abit of help needed please on the DLA account (Preview) Hi Everyone, I have the Monday morning feeling and have a blank mind (Yes this is usual for me)! I have a client who has paid some rent and other set up costs prior to business opening and paid them out of his personal account, they are a LTD company, I am assuming I need to post these to the DLA account? Then...	Amanda	5	1013	Wed Sep 4 18:34 2013 by Amanda
	VAT on CIS labour (Preview) Hello All, I wonder if anyone can assist with advice on the below.My client is self-employed and VAT registered and he has a number of sub-contractors who work for him under CIS.Does he need to charge the VAT on his invoices when he recharges the labour costs of these subcontractors to the client?T...	Liga	2	1102	Tue Sep 3 17:23 2013 by Liga
	Suppliers control account (Preview) I currently have invoices which are not paid yet, my payables account will still include dis invoices.. Now the invoice are paid but not from the bank account, these are paid by the Internal Person whom the company should pay him/her back.. How do I treat this transaction? as I am using Sage!	Thandy	2	850	Mon Sep 2 22:11 2013 by GJRobbins
	Commuting costs (Preview) Hi , Please could you help me with the following. I have a client who runs limited company and work only for London Underground.He needs to commute to various location around London and his travel cost is over £ 200 per month . Is that cost fully deductible ? Thank you K	yellowsenska	6	996	Sun Sep 1 21:50 2013 by Shamus
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