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

Shamus · Shamus

As prompted by Mark (Paddylad) I'm going with the suggestion that we create a potential sticky where people add useful proformas and advice in one place that bookkeepers will find useful. If this proves a useful resource with lots of contributors it will be turned into a sticky. Any information foun...

Amanda · Amanda

Hi, I have just taken on a new client and I have found out they are in liquidation. They did tell me on the phone that they were wound up by HMRC for not paying their PAYE, and they had a payment plan in place but HMRC decided to call it in. I have no idea at the moment how much it is for? They did this on the acco...

Crina251075 · Crina251075

Hello, can anybody help me out here? How can I zero out the customer opening balance. I posted an invoice for A customer, the net amount is £102.5, VAT is £20.50, total is £123.00. With this customer, my company gives them 20% commission, so when they paid the invoice, they used to paid the amount deduc...

LizB · LizB

Hi all. I have Sage 50 multi business; (I know, I can hear you screaming; but alot of my clients want it / use it!) Anyway, the accountant I do some work for has given me a copy of the latest version, to allow me to update my slightly older v16 to v19, so I am compatable with him. I am therefore wondering what is...

eyo · eyo

Hello everybody This is my first post on this forum. I am doing some bookkeping job as a freelancer for some local businesses. I am using sage50. I have posted £3000 instead of £2000 as opening balance for drawing .I have tried to reverse the entry via Journal but the amount of £3000 still being showed...

Vicki Newman · Vicki Newman

Hi All, Just a quick question.... I have been working as a self employed bookkeeper for about 18 months, up until now I have only filed self assessments for self employed bods. Today I was asked if I was able to file Corporation tax for a client that no longer is in business but is still required to fill ou...

Zigs · Zigs

Hi Guys Finally after all the worrying, i now have my ACCA practising cert and in the process of setting up my practise. I will be offering a bookkeeping service aswell as an accountancy service, mainly specialising in the not for profit sector. I was wondering if anyone has there own bookkeeping...

nomij · nomij

Hi There!We just started a new lease, and I am have a few challenges recording it.Firstly, I cannot decide if it is a capital or operating lease.We have the option of purchasing the vehicle for $15,000 at the end of a 3 year lease. The lease payments for three years is $700/mo, and the terminal value of th...

NA_AA · NA_AA

How do you prepare a budgeted forecast

Shamus · Shamus

Hi all, just an appology in advance of any postings I make in reply to Tax queries. I've identified tax (when it gets beyond the basics) as my weakness. Its one of those area's where you think that you know something but then you read the professional advisor level papers of the CTA and ACCA tax advisor pa...

Amanda · Amanda

Hi Everyone, I have a client who has an Apple Mac, I just do simple spreadsheets for her as she is only part-time, and this is the way she has always done her books for her business. So I have carried on the same way and process all paperwork at her house, no problem there. Last week I went to back it up to a me...

tonys · tonys

Hi One of my clients wants to sell tickets to help promote an event. We will not be buying the tickets but passing on the proceeds directly at a no profit for us price. I was hoping this would class as a disbursement and I could zero rate the sale but I suspect that the key wording may be we "sell"...

beddie · beddie

Hi, I am new to book keeping and have started working with sage line 50. I have entered the supplier invoices, but on making payments - am going into bank and clicking on supplier, so far ok. Because the payments have not been logged as they have been made I am attempting to enter from the bank statements s...

indigopete · indigopete

Hi All I am a non-bookkeeper but do a lot of accounting work in the course of my main activities (IT development and support). I'm looking for a reasonable transaction title for recording a supplier settlement on the purchase ledger when the item remains unpaid. (i.e. the purchase ledger analo...

laura · laura

Hi, The company I work for has invested £10k in a new website. It's an online retailer and so the website cost has been capitalised and is being depreciated over 3 years. However, we have only been trading for just over a year and the initial website, which was expensed last year, was re-classified a...

Netty · Netty

My Client is buying an existing business for £65000, she is paying for this £500 per week over 2 1/2 years, how would I account for this in the accounts. Would it be :- Asset £65000 Liability to existing over of £65000 then record a journal of £500 per week from money to be banked to Liability to reduce thi...

David · David

Hi Does anyone know if HMRC provides "tables" on the useful life of an asset and if the asset is then classed as "written off" in cash terms? If so could you provide link please. I've searched their site but it all appears very vague to me. Regards Dave

wessex12 · wessex12

I have a subcontractor registered with the cis scheme. We paid an invoice and then the client decided they wanted to paid him direct for part of it. The subcontractor sent us a credit note which I entered and reimbursed the £100.00 cis deducted on the amount. Im now trying to fill my cis return, but the fi...

Rhianrach · Rhianrach

We have a trailer that isn't showing as an asset that we hire out. The only place it would of appeared in the accounts will be as a purchase. This trailer got hit whilst on hire and written off. Where would I post the amount we received off the insurance for this?

Biker · Biker

Welcome! I looking for advice dear users.. Could you tell me, whether some on-line daily radio chanel about accountancy exist on the Internet? Do you know some web adress? I will be really grateful for any response. Greetings! Maciej

Topic		Started By	Replies	Views	Last Post
	Pro Formas and other useful information (Preview) As prompted by Mark (Paddylad) I'm going with the suggestion that we create a potential sticky where people add useful proformas and advice in one place that bookkeepers will find useful. If this proves a useful resource with lots of contributors it will be turned into a sticky. Any information foun...	Shamus	1	1004	Thu Jan 3 00:42 2013 by kjmcculloch83
	New client in Liquidation (Preview) Hi, I have just taken on a new client and I have found out they are in liquidation. They did tell me on the phone that they were wound up by HMRC for not paying their PAYE, and they had a payment plan in place but HMRC decided to call it in. I have no idea at the moment how much it is for? They did this on the acco...	Amanda	4	1183	Wed Jan 2 19:54 2013 by Ridesy
	Can I zero out this customer opening balance? (Preview) Hello, can anybody help me out here? How can I zero out the customer opening balance. I posted an invoice for A customer, the net amount is £102.5, VAT is £20.50, total is £123.00. With this customer, my company gives them 20% commission, so when they paid the invoice, they used to paid the amount deduc...	Crina251075	1	818	Wed Jan 2 00:27 2013 by Mad Liz
	Upgrading Sage and Data (Preview) Hi all. I have Sage 50 multi business; (I know, I can hear you screaming; but alot of my clients want it / use it!) Anyway, the accountant I do some work for has given me a copy of the latest version, to allow me to update my slightly older v16 to v19, so I am compatable with him. I am therefore wondering what is...	LizB	1	800	Tue Jan 1 09:11 2013 by MarkS
	How to correct opening balances on sage50 (Preview) Hello everybody This is my first post on this forum. I am doing some bookkeping job as a freelancer for some local businesses. I am using sage50. I have posted £3000 instead of £2000 as opening balance for drawing .I have tried to reverse the entry via Journal but the amount of £3000 still being showed...	eyo	3	905	Mon Dec 31 23:00 2012 by Stardoe
	Qualified to file Corporation tax (Preview) Hi All, Just a quick question.... I have been working as a self employed bookkeeper for about 18 months, up until now I have only filed self assessments for self employed bods. Today I was asked if I was able to file Corporation tax for a client that no longer is in business but is still required to fill ou...	Vicki Newman	2	961	Mon Dec 31 03:23 2012 by Vicki Newman
	Self employed bookkeeper (Preview) Hi Guys Finally after all the worrying, i now have my ACCA practising cert and in the process of setting up my practise. I will be offering a bookkeeping service aswell as an accountancy service, mainly specialising in the not for profit sector. I was wondering if anyone has there own bookkeeping...	Zigs	3	1116	Fri Dec 28 21:23 2012 by Spamkebab
	Recording a lease - terminal value vs buyout price (Preview) Hi There!We just started a new lease, and I am have a few challenges recording it.Firstly, I cannot decide if it is a capital or operating lease.We have the option of purchasing the vehicle for $15,000 at the end of a 3 year lease. The lease payments for three years is $700/mo, and the terminal value of th...	nomij	0	704	Fri Dec 28 05:16 2012 by nomij
	Budgeted forecast (Preview) How do you prepare a budgeted forecast	NA_AA	0	771	Mon Dec 24 20:06 2012 by NA_AA
	Appologies in advance (Preview) Hi all, just an appology in advance of any postings I make in reply to Tax queries. I've identified tax (when it gets beyond the basics) as my weakness. Its one of those area's where you think that you know something but then you read the professional advisor level papers of the CTA and ACCA tax advisor pa...	Shamus	38	9658	Mon Dec 24 03:07 2012 by Rhianrach
	My computer skills need some help (Preview) Hi Everyone, I have a client who has an Apple Mac, I just do simple spreadsheets for her as she is only part-time, and this is the way she has always done her books for her business. So I have carried on the same way and process all paperwork at her house, no problem there. Last week I went to back it up to a me...	Amanda	3	1070	Fri Dec 21 23:55 2012 by Sylvia
	ticket sales (Preview) Hi One of my clients wants to sell tickets to help promote an event. We will not be buying the tickets but passing on the proceeds directly at a no profit for us price. I was hoping this would class as a disbursement and I could zero rate the sale but I suspect that the key wording may be we "sell"...	tonys	1	858	Fri Dec 21 17:33 2012 by tonys
	Line 50 Sage - changing date in supplier payments (Preview) Hi, I am new to book keeping and have started working with sage line 50. I have entered the supplier invoices, but on making payments - am going into bank and clicking on supplier, so far ok. Because the payments have not been logged as they have been made I am attempting to enter from the bank statements s...	beddie	3	2507	Fri Dec 21 02:10 2012 by Stardoe
	What do you call a "Write-off" on the Purchase Ledger ? (Preview) Hi All I am a non-bookkeeper but do a lot of accounting work in the course of my main activities (IT development and support). I'm looking for a reasonable transaction title for recording a supplier settlement on the purchase ledger when the item remains unpaid. (i.e. the purchase ledger analo...	indigopete	3	1952	Thu Dec 20 20:48 2012 by Elaine R
	New Website Asset - Depreciation Treatment (Preview) Hi, The company I work for has invested £10k in a new website. It's an online retailer and so the website cost has been capitalised and is being depreciated over 3 years. However, we have only been trading for just over a year and the initial website, which was expensed last year, was re-classified a...	laura	2	4170	Thu Dec 20 17:57 2012 by laura
	Purchase of a business (Preview) My Client is buying an existing business for £65000, she is paying for this £500 per week over 2 1/2 years, how would I account for this in the accounts. Would it be :- Asset £65000 Liability to existing over of £65000 then record a journal of £500 per week from money to be banked to Liability to reduce thi...	Netty	1	898	Thu Dec 20 05:05 2012 by ArcSine
	Fixed Asset Depreciation (Preview) Hi Does anyone know if HMRC provides "tables" on the useful life of an asset and if the asset is then classed as "written off" in cash terms? If so could you provide link please. I've searched their site but it all appears very vague to me. Regards Dave	David	16	12155	Tue Dec 18 17:19 2012 by MarkS
	CIS Credit note (Preview) I have a subcontractor registered with the cis scheme. We paid an invoice and then the client decided they wanted to paid him direct for part of it. The subcontractor sent us a credit note which I entered and reimbursed the £100.00 cis deducted on the amount. Im now trying to fill my cis return, but the fi...	wessex12	0	1502	Mon Dec 17 21:49 2012 by wessex12
	Insurance Receipt (Preview) We have a trailer that isn't showing as an asset that we hire out. The only place it would of appeared in the accounts will be as a purchase. This trailer got hit whilst on hire and written off. Where would I post the amount we received off the insurance for this?	Rhianrach	7	1187	Mon Dec 17 22:59 2012 by Rhianrach
	On-Line Radio for Accounting profession (Preview) Welcome! I looking for advice dear users.. Could you tell me, whether some on-line daily radio chanel about accountancy exist on the Internet? Do you know some web adress? I will be really grateful for any response. Greetings! Maciej	Biker	7	1526	Mon Dec 17 21:45 2012 by MarkS
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