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

Rhothgar · Rhothgar

Hi I am in a quandry regarding how to post something into Sage. I am preparing our annual accounts and when I get stuck I cannot focus on anything else. Here is the problem:- Last year. a director in the business (and we are both guilty of doing it) paid £28.44 out for their fuel with the business bank card (...

boon · boon

Hi everyone, Is anybody aware of AAASSS when calculating variances, Material price/usage and Labour rate/efficiency. I was taught AAASSS by one of my tutors, it was really useful and more easy to remember than the list of formulas that you are given. I have not seen it in any books either. Regard...

willric · willric

In 2009 I bought a restaurant and then discovered there to be a Planning issue which forced me to close down and surrender the lease. I suffered losses of about £70,000 and it has ruined most aspects of my life. I did not file any losses with HMRC at the time because my conveyancing Solicitor was at fault...

additionsbookkeeping · additionsbookkeeping

I sell sinks & taps on Ebay, Ebid & now on my own website. I have started off using Sage Line 50 to do my accounts on but to be honest I am finding it a bit of a cumbersome way of doing it. I am familiar with Sage but I'm not sure I have made the right choice in using it. I have 3 client accounts in Sage one fo...

ClawzCTR · ClawzCTR

Not really an 'accounting' question per-say, BUT it is relevant to us in practice... I, like many of you I guess, have lots of different template forms for one thing or another. Now when you write/compile these forms you tend to put "company name", "client Name" in where they sh...

FoxAccountancyServices · FoxAccountancyServices

Hi everyone I have a client who has paid a couple of interns £300 each, per month, for reimbursement of food and travel, whilst working for free in his company. I wondered if anyone else had come across this before, and how they had shown it?

Adrian99 · Adrian99

Hello ! I went to DropBox website to see the offer. Around £ 65 per year for personal account 100 GB and around £ 522 for business - it says storage "as much as you need" - (Reminds me of a Chinese Takeaway from Soho "eat as much as you like") Q: Is there any cheaper alternative ?...

Sunnyday · Sunnyday

Hi. My client used to be a partnership and no they become a limited company. The equipment they used when they were partnership is has to be transferred now to their company - what double entry should I do to transfer this equipment? Thank you.

Sunnyday · Sunnyday

Hi everyone. What records should be kept of cash on hand as a proof of its amount? I mean for how much business has cash in its bank we use bank statement as a supporting document but for cash on hand what proof can be used to show HMRC if asked? Sorry if question is silly but I need to know. Thanks.

Adrian99 · Adrian99

I know this question sounds really strange, but I am thinking upgrading from my excel based software to quickbooks as to get more experienced on it. So I would like to ask if this is suitable to use it also for doing my own books as I am working as self employed, and also to do bookkeeping for the clients ? ...

Adrian99 · Adrian99

Hello ! I have several petrol expenses that are on the bank statement but I do not find the receipt. On the bank statement is written BP, or SHELL or FILL station. Are those allowable ? Also, I have some receipts from service that are not on the bank statement as the guy only took cash payments at that ti...

books2013 · books2013

Hi there, I wanted to double check myself. If accounts are prepared from 01.01.2009-31.12.2009, for the actual tax returns is it correct that the tax return will be completed for the year ended 2009 and again for 01.01.2010-31.12.2010 the year ended 2010, using the rates and rules for those years?...

Adrian99 · Adrian99

Hello. For the tax year 6 April 2012 - 5 April 2013 I have income from self employment as well as employment. I have worked almost three months as employee for a company and it seems that it is very hard to get the P60 from them. Is there any other way to do my tax return ? I know my annual salary figure and I h...

Samilou67 · Samilou67

Hi, I need to transfer an amount of money from the Directors Loan to Gross Salaries in Sage do I just do one journal to the gross salary nominal and one from directors loan? Hope you are all enjoying the sunshine at last Sam

TinaW · TinaW

Hi there, Am I trying to do the impossible? Please help! I am doing payroll for two different companies, but the one company pays for both. I want to be able to separate them in payroll accruals payable (which is linked to amounts withheld). I have tried adding another payroll accruals payable B, but c...

Bridget47 · Bridget47

Hope someone can help here. I have a new template installed on the sage 2009 package and need to set up the macros. Any ideas ??

Adrian99 · Adrian99

From the AAT Biz Tax Book: It is possible to be excepted from Class 2 Nic if annual accounting profits (rather than taxable profits) are less than 5,595 Class 4 Nic are based on the individual trading profits. I have a problem understanding this one, Please if the senior members could help me a lit...

TinaW · TinaW

Please, can someone help. My boss sold his car, but the cheque was made out to his business, and banked into the business account. How on earth do I code this in MYOB? I have a directors drawings code, but I don't think this would be appropriate for the sale. Thanx

Taylor1 · Taylor1

Good evening I am hoping someone can help me, I am pretty sure I CAN NOT do this but I would like someone else's take on this please. I was supposed to be helping a guy with his bookkeeping as he has to take to court 3 years worth of accounts and as he ignored his previous accountants he is now in the poo and too...

Vicki Newman · Vicki Newman

Hello, My client is a therapist and has a cabin in her back garden to carry out treatments, she would like to claim some of her council tax expense and electricity as an allowable expense for Self Assessment. Please could some one suggest the best way to apportion the cost? This has been her first year an...

Topic		Started By	Replies	Views	Last Post
	Help required regarding how to code Sage for business paying for fuel - not company car related! (Preview) Hi I am in a quandry regarding how to post something into Sage. I am preparing our annual accounts and when I get stuck I cannot focus on anything else. Here is the problem:- Last year. a director in the business (and we are both guilty of doing it) paid £28.44 out for their fuel with the business bank card (...	Rhothgar	14	5007	Tue Jul 23 00:27 2013 by Rhothgar
	Variances (Preview) Hi everyone, Is anybody aware of AAASSS when calculating variances, Material price/usage and Labour rate/efficiency. I was taught AAASSS by one of my tutors, it was really useful and more easy to remember than the list of formulas that you are given. I have not seen it in any books either. Regard...	boon	2	938	Mon Jul 22 20:33 2013 by boon
	Help needed on filing losses on a failed restaurant venture (Preview) In 2009 I bought a restaurant and then discovered there to be a Planning issue which forced me to close down and surrender the lease. I suffered losses of about £70,000 and it has ruined most aspects of my life. I did not file any losses with HMRC at the time because my conveyancing Solicitor was at fault...	willric	4	945	Mon Jul 22 02:30 2013 by willric
	Ebay Accounting (Preview) I sell sinks & taps on Ebay, Ebid & now on my own website. I have started off using Sage Line 50 to do my accounts on but to be honest I am finding it a bit of a cumbersome way of doing it. I am familiar with Sage but I'm not sure I have made the right choice in using it. I have 3 client accounts in Sage one fo...	additionsbookkeeping	8	8104	Sun Jul 21 20:57 2013 by FoxAccountancyServices
	Marking word documents (Preview) Not really an 'accounting' question per-say, BUT it is relevant to us in practice... I, like many of you I guess, have lots of different template forms for one thing or another. Now when you write/compile these forms you tend to put "company name", "client Name" in where they sh...	ClawzCTR	5	673	Sun Jul 21 05:19 2013 by ClawzCTR
	Paying interns for food and travel (Preview) Hi everyone I have a client who has paid a couple of interns £300 each, per month, for reimbursement of food and travel, whilst working for free in his company. I wondered if anyone else had come across this before, and how they had shown it?	FoxAccountancyServices	0	521	Fri Jul 19 18:29 2013 by FoxAccountancyServices
	Any cheaper alternative to Dropbox ? (Preview) Hello ! I went to DropBox website to see the offer. Around £ 65 per year for personal account 100 GB and around £ 522 for business - it says storage "as much as you need" - (Reminds me of a Chinese Takeaway from Soho "eat as much as you like") Q: Is there any cheaper alternative ?...	Adrian99	11	1061	Fri Jul 19 21:02 2013 by Adrian99
	Assets transfer from partnership to company (Preview) Hi. My client used to be a partnership and no they become a limited company. The equipment they used when they were partnership is has to be transferred now to their company - what double entry should I do to transfer this equipment? Thank you.	Sunnyday	2	1246	Fri Jul 19 20:39 2013 by Shamus
	Cash on hand - what records should be kept of cash on hand? (Preview) Hi everyone. What records should be kept of cash on hand as a proof of its amount? I mean for how much business has cash in its bank we use bank statement as a supporting document but for cash on hand what proof can be used to show HMRC if asked? Sorry if question is silly but I need to know. Thanks.	Sunnyday	2	664	Fri Jul 19 17:50 2013 by Sunnyday
	Is it quickbooks suitable to do my own bookkeeping and also bookkeeping for clients ? (Preview) I know this question sounds really strange, but I am thinking upgrading from my excel based software to quickbooks as to get more experienced on it. So I would like to ask if this is suitable to use it also for doing my own books as I am working as self employed, and also to do bookkeeping for the clients ? ...	Adrian99	13	1258	Thu Jul 18 21:28 2013 by Shamus
	I have petrol expense on the bank statement and I do not have the receipt. Is it still allowable ? (Preview) Hello ! I have several petrol expenses that are on the bank statement but I do not find the receipt. On the bank statement is written BP, or SHELL or FILL station. Are those allowable ? Also, I have some receipts from service that are not on the bank statement as the guy only took cash payments at that ti...	Adrian99	29	5474	Thu Jul 18 18:01 2013 by Adrian99
	Basis periods (Preview) Hi there, I wanted to double check myself. If accounts are prepared from 01.01.2009-31.12.2009, for the actual tax returns is it correct that the tax return will be completed for the year ended 2009 and again for 01.01.2010-31.12.2010 the year ended 2010, using the rates and rules for those years?...	books2013	6	840	Wed Jul 17 23:55 2013 by books2013
	I`ve worked as self employed and employee. Now I am doing my tax return. No P60 available. What to do ? (Preview) Hello. For the tax year 6 April 2012 - 5 April 2013 I have income from self employment as well as employment. I have worked almost three months as employee for a company and it seems that it is very hard to get the P60 from them. Is there any other way to do my tax return ? I know my annual salary figure and I h...	Adrian99	27	4939	Wed Jul 17 20:29 2013 by Adrian99
	Journal (Preview) Hi, I need to transfer an amount of money from the Directors Loan to Gross Salaries in Sage do I just do one journal to the gross salary nominal and one from directors loan? Hope you are all enjoying the sunshine at last Sam	Samilou67	6	1591	Wed Jul 17 19:11 2013 by Stardoe
	Linking new account numbers to existing accounts (Preview) Hi there, Am I trying to do the impossible? Please help! I am doing payroll for two different companies, but the one company pays for both. I want to be able to separate them in payroll accruals payable (which is linked to amounts withheld). I have tried adding another payroll accruals payable B, but c...	TinaW	0	598	Wed Jul 17 11:50 2013 by TinaW
	Setting Macros on an Invoice Template in Sage (Preview) Hope someone can help here. I have a new template installed on the sage 2009 package and need to set up the macros. Any ideas ??	Bridget47	6	2207	Tue Jul 16 19:54 2013 by donna32
	What is the difference between accounting profits, trading profits, taxable profits ? (Preview) From the AAT Biz Tax Book: It is possible to be excepted from Class 2 Nic if annual accounting profits (rather than taxable profits) are less than 5,595 Class 4 Nic are based on the individual trading profits. I have a problem understanding this one, Please if the senior members could help me a lit...	Adrian99	7	3491	Tue Jul 16 19:23 2013 by Shamus
	Personal funds banked to company account (Preview) Please, can someone help. My boss sold his car, but the cheque was made out to his business, and banked into the business account. How on earth do I code this in MYOB? I have a directors drawings code, but I don't think this would be appropriate for the sale. Thanx	TinaW	2	3464	Tue Jul 16 07:33 2013 by TinaW
	Creditors & Accounts (Preview) Good evening I am hoping someone can help me, I am pretty sure I CAN NOT do this but I would like someone else's take on this please. I was supposed to be helping a guy with his bookkeeping as he has to take to court 3 years worth of accounts and as he ignored his previous accountants he is now in the poo and too...	Taylor1	4	4227	Sun Jul 14 23:40 2013 by FoxAccountancyServices
	Apportioning household bills correctly to take into account time used for business (Preview) Hello, My client is a therapist and has a cabin in her back garden to carry out treatments, she would like to claim some of her council tax expense and electricity as an allowable expense for Self Assessment. Please could some one suggest the best way to apportion the cost? This has been her first year an...	Vicki Newman	1	845	Sun Jul 14 17:14 2013 by Shamus
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