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

katsafe · katsafe

Bank Balance (allowing for adjustments of unreconciled transactions) at month end does not match the TB. I've worked through the bank statements from the beginning of the last financial year and every transaction is showing as reconciled on Sage. The reconciled balance on Sage matched the ba...

Samalixo · Samalixo

I really hope someone can help with this..I am doing a temp job at a registered charity who is also a company limited by guarantee. I am concerned about the opening balances, they appear in the income section, surely this isn't right? I think it's probably due to funding carried over to the next finan...

Cheshire · Cheshire

Hi Year end is 31 May (VAT date 31 May) Ive invoiced for services provided in May, invoice date is 1 June. How I deal with? (and in Sage?) Also I have a mobile phone bill invoice dated 1 June, representing May billing - so would I be right in assuming I enter this phone bill amount as an accrual?

Mlawson · Mlawson

Hi, How do you deal with food & drink for a restaurant business ?I have a figure for sales and one for Bar and restaurantThen my purchases figure and Bar and resturant figureIm aware that most foods and drink are zero rated but in a restaurant it is chargedNow would you claim the VAT on the sales b...

Taylor1 · Taylor1

Good sunny afternoon I have just received the opening balances for a client, whom have given me a creditors breakdown and said they have no debtors breakdown it is a rather large sum of £22,168. They said it was broke down by "these are calculated by taking the sales invoices total - less banke...

Adrian99 · Adrian99

Hello ! I have completed level 4 AAT but daily I feel that I know less and less. Although I am currently studying AAT Business Tax, I know that I have all other AAT books that I have to review as I feel like forgetting everything. What is the solution for this, is it to buy again the AAT books latest edition a...

michaelryan7799 · michaelryan7799

I have started a Business and I want to employ someone for casual labour aka Saturday job. how do I account for this and what records do I need to keep. Do I need to inform HMRC?

Cheshire · Cheshire

Hi I currently look after a kitchen company who take 50% deposits, then balance on completion. A contract for the full amount is signed by the customer at the outset. I usually do a PI in Sage for the deposit, but wait until the balance is paid before I do a PI for the balance. I'm just wondering how to pl...

Cheshire · Cheshire

I look after two companies (common directors). They both received an invoice - same supplier, same amount, which were keyed correctly into Sage. However they paid one invoice twice from one company (Company A) and not at all from the other (Company B). The two payments were made just before year e...

Sammy76 · Sammy76

I'm really struggling to get a payroll journal to balance. One of the employees was part paid SMP and part their normal salary - how do I journal it? SMP £423.90 Basic £650.00 therefore Gross £1073.90 NIC Compensation £15.45 Emp'ee NI £52.79 Emp/er NI £62.09 Tax £79.60 Net pay £941.51 Many thanks - I ca...

ibbie · ibbie

If a part time driving instructor buys a second hand car and has dual controls fitted, does 100% of the cost have to be claimed in the year of purchase as an AIA on the SA form or can a percentage be claimed each year until the car is disposed of, instead? Would the cost of the dual controls be listed as an expe...

Amanda · Amanda

Hi Kris, Apologies this is nothing to do with bookkeeping! Tried to phone today and email, but my emails are down again, I have emailed via my old email address, also both our websites seem to be down as well. I know they run off the same server so wondering if there is a problem. Tried to change the passw...

anutushka · anutushka

Hi all Can I pick your brains please (if you managed to stay fresh in this heat). I work as accounts assistant for private nurseries. When child starts nursery we charge 100 deposit. Which I was wrongly told was an advance payment towards child's bill. So initially I would record it on Sage as payment o...

Cheshire · Cheshire

Hello folks OMG the sun has most definitely got to my brain as I cant seem to think this one out and I know its dead simple really! I look after two companies (common directors). They had two invoices - same supplier, same amount. They paid one invoice twice from one company (Company A) and not at all fro...

numbnumber · numbnumber

I do the books for a partnership who manufacture display cabinets and sell via mail order. They currently use Transax Merchant service but are being charged £41 per month even if no transactions go through. I thought this was a little on the high side and wondered if anyone had dealings with other c...

Cheshire · Cheshire

I have a book-keeping client who still owes me for my May invoice (and now June too). He has just decided he cant afford me - someone has offered to work with him for free! He has promised to pay me but Im worried about getting it, especially as he has said he ''will have to get monies owed to me before I can se...

ChrisBolton · ChrisBolton

Hi I went to a new clients today. They use Sage, which is in a bit of a mess. I can sort that, however, he moved from standard to cash accounting after he had completed the vat return for the quarter ended 30th April. He did contact the helpline to go through the change. He is now using T10 and T11, instead o...

jam · jam

Hi all, my mileage is working out at £63.00 for the week @ 45 pence per mile, but i only put in £25 a week...how does that work?? Thankyou in advance

Adrian99 · Adrian99

Hello ! I am looking at tax rates and I think that it is better to start as self employed as to benefit form Personal Allowance and than change the status to limited company if the income exceeds the basic rate limit (fa 2012 £34370) as this becomes taxable at 40 % and for the ltd is still 20 % small profits ra...

NA_AA · NA_AA

If there are undeposited funds on the BS in QB - how would you clear the balance - i need to reverse a transaction but don't know how to please help

Topic		Started By	Replies	Views	Last Post
	Bank rec not matching TB - Sage 50 Sage Bank Rec (Preview) Bank Balance (allowing for adjustments of unreconciled transactions) at month end does not match the TB. I've worked through the bank statements from the beginning of the last financial year and every transaction is showing as reconciled on Sage. The reconciled balance on Sage matched the ba...	katsafe	7	13171	Sun Jul 14 00:41 2013 by Samalixo
	Opening balances in Sage (Preview) I really hope someone can help with this..I am doing a temp job at a registered charity who is also a company limited by guarantee. I am concerned about the opening balances, they appear in the income section, surely this isn't right? I think it's probably due to funding carried over to the next finan...	Samalixo	6	1246	Sun Jul 14 00:29 2013 by Samalixo
	More year end (nonsense, not) (Preview) Hi Year end is 31 May (VAT date 31 May) Ive invoiced for services provided in May, invoice date is 1 June. How I deal with? (and in Sage?) Also I have a mobile phone bill invoice dated 1 June, representing May billing - so would I be right in assuming I enter this phone bill amount as an accrual?	Cheshire	10	1988	Sat Jul 13 02:21 2013 by Cheshire
	Query VAT for Restaurant (Preview) Hi, How do you deal with food & drink for a restaurant business ?I have a figure for sales and one for Bar and restaurantThen my purchases figure and Bar and resturant figureIm aware that most foods and drink are zero rated but in a restaurant it is chargedNow would you claim the VAT on the sales b...	Mlawson	9	4313	Sat Jul 13 01:55 2013 by Mlawson
	No Debtors Breakdown (Preview) Good sunny afternoon I have just received the opening balances for a client, whom have given me a creditors breakdown and said they have no debtors breakdown it is a rather large sum of £22,168. They said it was broke down by "these are calculated by taking the sales invoices total - less banke...	Taylor1	7	991	Fri Jul 12 23:58 2013 by FoxAccountancyServices
	How to keep up to date with AAT information ? (Preview) Hello ! I have completed level 4 AAT but daily I feel that I know less and less. Although I am currently studying AAT Business Tax, I know that I have all other AAT books that I have to review as I feel like forgetting everything. What is the solution for this, is it to buy again the AAT books latest edition a...	Adrian99	7	4059	Fri Jul 12 21:01 2013 by Adrian99
	Accounting for casual labour (Preview) I have started a Business and I want to employ someone for casual labour aka Saturday job. how do I account for this and what records do I need to keep. Do I need to inform HMRC?	michaelryan7799	1	3859	Fri Jul 12 19:30 2013 by Shamus
	Year end prep (Preview) Hi I currently look after a kitchen company who take 50% deposits, then balance on completion. A contract for the full amount is signed by the customer at the outset. I usually do a PI in Sage for the deposit, but wait until the balance is paid before I do a PI for the balance. I'm just wondering how to pl...	Cheshire	5	756	Fri Jul 12 19:07 2013 by Cheshire
	Adjustment between 2 companies - how? (Preview) I look after two companies (common directors). They both received an invoice - same supplier, same amount, which were keyed correctly into Sage. However they paid one invoice twice from one company (Company A) and not at all from the other (Company B). The two payments were made just before year e...	Cheshire	2	3843	Fri Jul 12 17:47 2013 by Cheshire
	Need some help with a payroll journal with SMP (Preview) I'm really struggling to get a payroll journal to balance. One of the employees was part paid SMP and part their normal salary - how do I journal it? SMP £423.90 Basic £650.00 therefore Gross £1073.90 NIC Compensation £15.45 Emp'ee NI £52.79 Emp/er NI £62.09 Tax £79.60 Net pay £941.51 Many thanks - I ca...	Sammy76	2	902	Fri Jul 12 10:33 2013 by Tom McClelland
	Driving Instuctors car - AIA or WDA (Preview) If a part time driving instructor buys a second hand car and has dual controls fitted, does 100% of the cost have to be claimed in the year of purchase as an AIA on the SA form or can a percentage be claimed each year until the car is disposed of, instead? Would the cost of the dual controls be listed as an expe...	ibbie	4	5433	Fri Jul 12 16:05 2013 by ibbie
	Calling Kris - sorry nothing to do with bookkeeping (Preview) Hi Kris, Apologies this is nothing to do with bookkeeping! Tried to phone today and email, but my emails are down again, I have emailed via my old email address, also both our websites seem to be down as well. I know they run off the same server so wondering if there is a problem. Tried to change the passw...	Amanda	1	3764	Fri Jul 12 06:05 2013 by kjmcculloch83
	Deposit refund how to record (Preview) Hi all Can I pick your brains please (if you managed to stay fresh in this heat). I work as accounts assistant for private nurseries. When child starts nursery we charge 100 deposit. Which I was wrongly told was an advance payment towards child's bill. So initially I would record it on Sage as payment o...	anutushka	10	6912	Thu Jul 11 03:18 2013 by Cheshire
	How to make and adjustment for error for year end? (Preview) Hello folks OMG the sun has most definitely got to my brain as I cant seem to think this one out and I know its dead simple really! I look after two companies (common directors). They had two invoices - same supplier, same amount. They paid one invoice twice from one company (Company A) and not at all fro...	Cheshire	1	1810	Wed Jul 10 23:44 2013 by Cheshire
	Credit Card Terminal Rental (Preview) I do the books for a partnership who manufacture display cabinets and sell via mail order. They currently use Transax Merchant service but are being charged £41 per month even if no transactions go through. I thought this was a little on the high side and wondered if anyone had dealings with other c...	numbnumber	4	6954	Wed Jul 10 19:50 2013 by numbnumber
	overdue invoices for book-keeping - what redress do I have? (Preview) I have a book-keeping client who still owes me for my May invoice (and now June too). He has just decided he cant afford me - someone has offered to work with him for free! He has promised to pay me but Im worried about getting it, especially as he has said he ''will have to get monies owed to me before I can se...	Cheshire	14	3889	Tue Jul 9 23:30 2013 by Cheshire
	Moving from standard to cash accounting on Sage (Preview) Hi I went to a new clients today. They use Sage, which is in a bit of a mess. I can sort that, however, he moved from standard to cash accounting after he had completed the vat return for the quarter ended 30th April. He did contact the helpline to go through the change. He is now using T10 and T11, instead o...	ChrisBolton	6	2955	Tue Jul 9 21:39 2013 by Fiona
	Mileage (Preview) Hi all, my mileage is working out at £63.00 for the week @ 45 pence per mile, but i only put in £25 a week...how does that work?? Thankyou in advance	jam	13	3320	Mon Jul 8 22:04 2013 by Adrian99
	Self employed versus limited company. What to choose ? (Preview) Hello ! I am looking at tax rates and I think that it is better to start as self employed as to benefit form Personal Allowance and than change the status to limited company if the income exceeds the basic rate limit (fa 2012 £34370) as this becomes taxable at 40 % and for the ltd is still 20 % small profits ra...	Adrian99	21	3382	Mon Jul 8 19:35 2013 by Adrian99
	Undeposited funds - in QB (Preview) If there are undeposited funds on the BS in QB - how would you clear the balance - i need to reverse a transaction but don't know how to please help	NA_AA	1	707	Sun Jul 7 20:44 2013 by Amanda
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