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

Samilou67 · Samilou67

Can anyone tell me which is the best way to account for supplier advance accounts where the client pays the supplier a lump sum upfront? Should I just set it up like a normal supplier account or as a bank account? Can't decide what is the best way in the long run. Thanks Sam -- Edited by Samilou67 on Tuesday...

Mel_SG · Mel_SG

Hi :) First post here. Usually I come here and find all the answers Im looking for but Im stuck on this one. The problem: I had a supplier of ours take a payment for some stock items and when the payment was processed,some sort of glitch occurred and the payment was actually taken 3 times. The three separat...

Cheshire · Cheshire

I look after a Kitchen company and they are to offer finance to their customers. They have taken on a finance provider whose only charge to my client will be the initial charge of £1200 - this enables my customer to advertise the fact that there is a finance option via the finance provider. Just wonderi...

Kaci002 · Kaci002

Hi all, I am hoping someone might be able to help me - I assist book-keeping for a company who works as a marketing / web design type company. The company contracts out other companies to assist in its works, for example if a client requests us to produce brochures for them, we will contract another compa...

Samilou67 · Samilou67

if you take over a new client accounts with no history apart from a bank balance form the previous year do you enter the sum as an opening balance in the bank account?

linda19 · linda19

Hi , I need to change the Year end on sage, Sage is asking me to do a back up before i do this, but i am worried this cause any problems with the final figures.? Thanks Linda

Lisa68 · Lisa68

Hi, Following on from my other topic, the same client has had solar panels fitted on one of the homes, she has now generated £500.00 of income from them, I have been told that the income is non taxable for 25 years so if this is the case am I correct in not including it on the tax return this year or do I need to s...

Lana · Lana

Hello, Will be grateful for your advise, its a hard one to crack for me!

Company owner has another business registered overseas. On a few occassions he purchased goods/services/assets through UK business for his overseas business (as it is easier and his UK business has has account with supplie...

Beverley · Beverley

Hi all has anybody had a client who has a franchise? Just wondering which code to use for the fees, didn't want to use 79xx since they are not bank charges etc, I was thinking of using a code in the professional fees range - any ideas??

anutushka · anutushka

Hi all We have a debt recovery firm who is acting on our behalf to collect debts from clients. It is a novelty and I now received a first cheque from them as a payment recovered from one of our clients. My question is how do I record it on sage. Should I create a new N/C within 4000's sales and record it as a bank...

Amanda · Amanda

Hi folks. I have some journal entries to do and one of them is posting an amount to ' Accounts payable' the accountant has given me a breakdown of the entries, there are 2 suppliers. Do I post these as a supplier invoice first? Sorry I am abit confused by this one. Not come across this one before on QB's. I...

Kitty37 · Kitty37

Hi - I have a client who rents his premises and the landlord pays for the buildings insurance direct and then recharges my client. The landlord has however, given my client a VAT invoice for the buildings insurance, which shows VAT at 20%. As far as I am aware, insurance is VAT exempt - are there any circu...

Adrian99 · Adrian99

Hello. I know this question may have a hundred pages of answers, but maybe someone could help me a little bit. I know that the sole trader needs to complete the self assessment. May I kindly ask what are the requirements for a small/medium company ? Thank you. Adrian

Bridgford Books · Bridgford Books

Hello all, Wondered if anyone out there has experience with GP's as clients? My client qualified as a GP last summer, and in August 2012 began working as a Locum GP. They believe (after speaking to colleagues and the BMA) that Royal College of Practitioners exam fees which they sat in 2011 are allowab...

NA_AA · NA_AA

in VT, how do you remove / hide a note in the accounts?

NA_AA · NA_AA

Hi, how would you account for a government grant received by a client when posting in VT

Cheshire · Cheshire

Hi I have an invoice from a sub-contractor who is CIS registered. His invoice is for £280 in total. Ive calculated the tax to take off at £56 so we have paid him £224. How do I enter his invoice? Am having brainache as keep thinking if I enter it at the original £280 then how will his account be cleared? P...

Taylor1 · Taylor1

Good afternoon I hope someone is able to advise me here, we are moving on to sage in our company, however last years data was not on sage and all previous years accounts are with the accountant. Therefore I have no opening balance for the bank as a yet but there is so much going in and out of the account I feel...

NA_AA · NA_AA

if a company makes charitable donations - how should this be accounted for in the accounts and also disclosed in the accounts? thanks in advance.

Jackie46 · Jackie46

Hi Can anyone help? On Sage Line 50 I did a VAT reconciliation then noticed I have posted an Invoice into the wrong supplier account so the VAT will be the same. The Invoice was a batch entry with some of the lines having different nominal codes. Can I make changes to put the Invoice into the correct suppli...

Topic		Started By	Replies	Views	Last Post
	Supplier accounts (Preview) Can anyone tell me which is the best way to account for supplier advance accounts where the client pays the supplier a lump sum upfront? Should I just set it up like a normal supplier account or as a bank account? Can't decide what is the best way in the long run. Thanks Sam -- Edited by Samilou67 on Tuesday...	Samilou67	2	1106	Fri Jun 21 20:10 2013 by Cheshire
	Do I need to record an overpayment that was refunded the same day for bank rec? (Preview) Hi :) First post here. Usually I come here and find all the answers Im looking for but Im stuck on this one. The problem: I had a supplier of ours take a payment for some stock items and when the payment was processed,some sort of glitch occurred and the payment was actually taken 3 times. The three separat...	Mel_SG	4	3584	Fri Jun 21 19:59 2013 by Cheshire
	Which nominal cost code to use? (Preview) I look after a Kitchen company and they are to offer finance to their customers. They have taken on a finance provider whose only charge to my client will be the initial charge of £1200 - this enables my customer to advertise the fact that there is a finance option via the finance provider. Just wonderi...	Cheshire	5	1396	Fri Jun 21 17:12 2013 by Cheshire
	Advice on book-keeping (Preview) Hi all, I am hoping someone might be able to help me - I assist book-keeping for a company who works as a marketing / web design type company. The company contracts out other companies to assist in its works, for example if a client requests us to produce brochures for them, we will contract another compa...	Kaci002	4	1403	Fri Jun 21 12:59 2013 by Spamkebab
	New accounts (Preview) if you take over a new client accounts with no history apart from a bank balance form the previous year do you enter the sum as an opening balance in the bank account?	Samilou67	8	1937	Thu Jun 20 21:31 2013 by GillyP
	Year End Change (Preview) Hi , I need to change the Year end on sage, Sage is asking me to do a back up before i do this, but i am worried this cause any problems with the final figures.? Thanks Linda	linda19	10	1559	Thu Jun 20 19:47 2013 by GJRobbins
	Solar Panel Income (Preview) Hi, Following on from my other topic, the same client has had solar panels fitted on one of the homes, she has now generated £500.00 of income from them, I have been told that the income is non taxable for 25 years so if this is the case am I correct in not including it on the tax return this year or do I need to s...	Lisa68	2	4638	Tue Jun 18 22:33 2013 by Lisa68
	Purchases for the connected company - help needed please! connected related (Preview) Hello, Will be grateful for your advise, its a hard one to crack for me! Company owner has another business registered overseas. On a few occassions he purchased goods/services/assets through UK business for his overseas business (as it is easier and his UK business has has account with supplie...	Lana	0	5507	Tue Jun 18 04:00 2013 by Lana
	Franchise (Preview) Hi all has anybody had a client who has a franchise? Just wondering which code to use for the fees, didn't want to use 79xx since they are not bank charges etc, I was thinking of using a code in the professional fees range - any ideas??	Beverley	1	1313	Mon Jun 17 20:12 2013 by Cheshire
	Cheque payments from Debt recovery firm (Preview) Hi all We have a debt recovery firm who is acting on our behalf to collect debts from clients. It is a novelty and I now received a first cheque from them as a payment recovered from one of our clients. My question is how do I record it on sage. Should I create a new N/C within 4000's sales and record it as a bank...	anutushka	3	1371	Sat Jun 15 04:05 2013 by Stardoe
	Journals in Quickbooks (Preview) Hi folks. I have some journal entries to do and one of them is posting an amount to ' Accounts payable' the accountant has given me a breakdown of the entries, there are 2 suppliers. Do I post these as a supplier invoice first? Sorry I am abit confused by this one. Not come across this one before on QB's. I...	Amanda	17	7478	Thu Jun 13 17:16 2013 by FoxAccountancyServices
	Insurance - VAT (Preview) Hi - I have a client who rents his premises and the landlord pays for the buildings insurance direct and then recharges my client. The landlord has however, given my client a VAT invoice for the buildings insurance, which shows VAT at 20%. As far as I am aware, insurance is VAT exempt - are there any circu...	Kitty37	2	1077	Wed Jun 12 02:40 2013 by Kitty37
	What is the difference between accounts for sole traders and accounts for small/medium companies ? (Preview) Hello. I know this question may have a hundred pages of answers, but maybe someone could help me a little bit. I know that the sole trader needs to complete the self assessment. May I kindly ask what are the requirements for a small/medium company ? Thank you. Adrian	Adrian99	11	2131	Tue Jun 11 21:22 2013 by Adrian99
	Newly qualified GP's - claiming exams as business expenses (Preview) Hello all, Wondered if anyone out there has experience with GP's as clients? My client qualified as a GP last summer, and in August 2012 began working as a Locum GP. They believe (after speaking to colleagues and the BMA) that Royal College of Practitioners exam fees which they sat in 2011 are allowab...	Bridgford Books	2	1835	Mon Jun 10 16:16 2013 by Bridgford Books
	VT - notes to the account (Preview) in VT, how do you remove / hide a note in the accounts?	NA_AA	4	1311	Mon Jun 10 00:31 2013 by NA_AA
	how would you account for a government grant received by a client when posting in VT (Preview) Hi, how would you account for a government grant received by a client when posting in VT	NA_AA	1	4731	Sun Jun 9 03:49 2013 by Wella
	How to key CIS Sub- contractor INVOICES into Sage (Preview) Hi I have an invoice from a sub-contractor who is CIS registered. His invoice is for £280 in total. Ive calculated the tax to take off at £56 so we have paid him £224. How do I enter his invoice? Am having brainache as keep thinking if I enter it at the original £280 then how will his account be cleared? P...	Cheshire	1	1018	Sat Jun 8 21:51 2013 by FoxAccountancyServices
	Sage Bank Rec (Preview) Good afternoon I hope someone is able to advise me here, we are moving on to sage in our company, however last years data was not on sage and all previous years accounts are with the accountant. Therefore I have no opening balance for the bank as a yet but there is so much going in and out of the account I feel...	Taylor1	2	1997	Fri Jun 7 09:51 2013 by ChrisBolton
	charitable donations (Preview) if a company makes charitable donations - how should this be accounted for in the accounts and also disclosed in the accounts? thanks in advance.	NA_AA	1	5700	Fri Jun 7 07:34 2013 by MarkS
	Corrections after a VAT reconciliation (Preview) Hi Can anyone help? On Sage Line 50 I did a VAT reconciliation then noticed I have posted an Invoice into the wrong supplier account so the VAT will be the same. The Invoice was a batch entry with some of the lines having different nominal codes. Can I make changes to put the Invoice into the correct suppli...	Jackie46	8	3103	Thu Jun 6 16:15 2013 by VinceH
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