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

ADW · ADW

We deal with many companies all over the world and regularly do business using pro-forma invoices. Just recently however we have been contacted by a number of people who claim to have seen our products on the internet and wanting to buy. They then request a pro-forma invoice which has bank details all...

James 1 · James 1

Hi, I do my own books for my own small Limited company. I'm trying to roughly predict my net profit after tax from an up to date Sage P&L report. My accountant advised paying out dividends through the Directors Loan ledger. How do I factor in the dividends paid to roughly calculate a net profit after...

crlrsheff · crlrsheff

I have just started doing the accounts for a company that uses Mamut. There is a problem with the nominal codes for stock movement. It is crediting nominal code 1099 stock delivered not invoiced and debiting code 5000 Materails purchased. Could someone advise me what nominal codes need to be setu...

David · David

Hi, Please excuse my ignorance, I'm new to book keeping. I'm putting my brother's sole trader accounts into sage instant accounts. He has just bought a new car on HP, I know how to record all the numbers on the agreement (eg delivery, VAT & all the HP details etc), but I'm stuck on how to record the Scr...

VickiJ · VickiJ

Hello all, I am in a dilemma: I am just approaching my first year end with a company. The accountants passed reports over noting a trade debtor amount of £3183, which was against a single invoice. There are other parts to it, but basically, how/where do I post the invoice when it comes in? I use Sage 5...

Rhianrach · Rhianrach

We have set up a loan account for an employee for parts ordered through the company for his own personal usage. When posting the invoices should I put the amounts through as gross and out of scope therefore ensuring the company doesn't claim the vat back for products that aren't theirs?

Peasie · Peasie

Anyone see potential problems when this starts next year? I haven't seen any summary of what the transition from the current system to the new one will be like - or back again but I just get the feeling this is going to be a cause for concern in the years ahead.

GillyP · GillyP

Hi, I'm hoping someone can help. I have a new client who has been "loosely" running an ebay business for some months, but has never done the accounts til now. She is making a loss rather than a profit & wanted to find out where she was at. I have entered her bank account opening balance...

vsikdar · vsikdar

Hi, I needed some clarification. Please can anyone let me know whether it is possible to adjust a loss in the Profit & Loss A/c against Accumulated Reserves in the Balance Sheet. The Accumulated Reserves in the Balance Sheet consists of profits from earlier financial years. Thanks very muc...

lesley_123 · lesley_123

Hi All, Hoping someone can advise?... The Sage rep has advised me to set up company credit cards as suppliers accounts... as there are 4 on-the-road engineers... This is a new one on me as I understand the usual way is to set a credit card up as a bank account... Has anyone else set up their credit cards in t...

lesley_123 · lesley_123

I've been asked to input historic data onto Sage 50 for a client. Thay have 4 on the road engineers who each have a company Credit Card. I'm looking for a 'streamlined' way of dealing with the monthly receipts for them all. The Sage rep who came in advised me to set up each credit card as a 'supplier' (accou...

Rhianrach · Rhianrach

If an employee uses a company amongst other things to come to work and back and use privately are they liable for fuel costs etc. If so how are they charged for them?

anutushka · anutushka

Hi all. I had one of those days today when nothing you do seems to go right. To top it up at the last 20 min before the end of working day I decided to quickly record bank transfers between current and deposit accounts. With a colleague chatting and me in a hurry (I know I am trying very hard here looking for ex...

Amanda · Amanda

Hi Everyone, I am in need of some help and I am not sure if anyone may have the answer. This is a question for myself. We have a house that we rent out and are just about to buy house no2 to rent out also. Both of these houses have a buy-to-let mortgage and the one that we live in has a normal residential mortga...

Lauren · Lauren

Hello everyone Can anyone advise me how to deal with a supplier account where invoices have been posted and payments on account have been made? I would like to get everything to start afresh so i can then pay each invoice off but not sure how to. Also can you advise what to do with invoices that have been p...

Moonraker · Moonraker

Hi All, My client has two companies and sometimes transfers round amount sums of money from one company bank account to the other - this is usually when the balance in the receiving company bank a/c is becoming a little low to cover the expenses that the company needs to pay. Am I right in thinking that...

xiaoheidan · xiaoheidan

Hello, I am recentlly opened an personal limited company. And need buy some stuff. Something like computer, table and external monitor etc. But I don't have my personal office. I can try my best to let these stuff as business need. but what evidence should I show HMRC to claim tax deduction?

Freifer · Freifer

Ok here is an extract from the trial balance for this company I am doing Car allowance 7000 Pension costs 8500 Computer equipment 200 Ok. For computer equipment I put that in inventory as it is going to be used with the business to generate sales. Car allowance and pension costs for employees is that...

Marley D · Marley D

Hi, Looking for advice, i've been out of book keeping for a few years and have just started in new job. Haven't dealt with recurring entries before and have noticed when doing bank rec that there is a recurring entry relating to August which has not been bank reconciled but has been VAT reconciled. C...

Elaine R · Elaine R

Hi All I've been to a client again today to do some more bookkeeping as they were behind. I have caught up with payments and posting Sales invoices. What I wanted to do next was post in the opening creditor balances and also the bank balance from last year. I've clicked on Tool, but there is no option fo...

Topic		Started By	Replies	Views	Last Post
	Possible illegal uses for a pro forma invoice (Preview) We deal with many companies all over the world and regularly do business using pro-forma invoices. Just recently however we have been contacted by a number of people who claim to have seen our products on the internet and wanting to buy. They then request a pro-forma invoice which has bank details all...	ADW	2	1782	Mon Dec 17 16:44 2012 by ADW
	Calculating Net Profit After Tax from Sage P&L (Preview) Hi, I do my own books for my own small Limited company. I'm trying to roughly predict my net profit after tax from an up to date Sage P&L report. My accountant advised paying out dividends through the Directors Loan ledger. How do I factor in the dividends paid to roughly calculate a net profit after...	James 1	4	2618	Mon Dec 17 07:03 2012 by James 1
	Stock movements nominal codes in Mamut (Preview) I have just started doing the accounts for a company that uses Mamut. There is a problem with the nominal codes for stock movement. It is crediting nominal code 1099 stock delivered not invoiced and debiting code 5000 Materails purchased. Could someone advise me what nominal codes need to be setu...	crlrsheff	0	813	Sun Dec 16 21:55 2012 by crlrsheff
	Accounting for Scrappage Allowance when buying a new car (Preview) Hi, Please excuse my ignorance, I'm new to book keeping. I'm putting my brother's sole trader accounts into sage instant accounts. He has just bought a new car on HP, I know how to record all the numbers on the agreement (eg delivery, VAT & all the HP details etc), but I'm stuck on how to record the Scr...	David	3	2283	Sun Dec 16 02:04 2012 by Wella
	Trade debtors and posting invoice (Preview) Hello all, I am in a dilemma: I am just approaching my first year end with a company. The accountants passed reports over noting a trade debtor amount of £3183, which was against a single invoice. There are other parts to it, but basically, how/where do I post the invoice when it comes in? I use Sage 5...	VickiJ	1	4901	Fri Dec 14 21:46 2012 by VickiJ
	Loan Account (Preview) We have set up a loan account for an employee for parts ordered through the company for his own personal usage. When posting the invoices should I put the amounts through as gross and out of scope therefore ensuring the company doesn't claim the vat back for products that aren't theirs?	Rhianrach	5	1316	Fri Dec 14 18:41 2012 by Rhianrach
	Cash based accounting from next year - there may be trouble ahead. (Preview) Anyone see potential problems when this starts next year? I haven't seen any summary of what the transition from the current system to the new one will be like - or back again but I just get the feeling this is going to be a cause for concern in the years ahead.	Peasie	11	7204	Thu Dec 13 23:48 2012 by Don Tax
	Bank Opening Balance reversal (Preview) Hi, I'm hoping someone can help. I have a new client who has been "loosely" running an ebay business for some months, but has never done the accounts til now. She is making a loss rather than a profit & wanted to find out where she was at. I have entered her bank account opening balance...	GillyP	3	1386	Thu Dec 13 20:42 2012 by MarkS
	Can a trading loss be adjusted against Accumulated Reserves in the Balance Sheet? (Preview) Hi, I needed some clarification. Please can anyone let me know whether it is possible to adjust a loss in the Profit & Loss A/c against Accumulated Reserves in the Balance Sheet. The Accumulated Reserves in the Balance Sheet consists of profits from earlier financial years. Thanks very muc...	vsikdar	2	1265	Thu Dec 13 05:47 2012 by vsikdar
	Credit cards set up as suppliers??? Best way??? (Preview) Hi All, Hoping someone can advise?... The Sage rep has advised me to set up company credit cards as suppliers accounts... as there are 4 on-the-road engineers... This is a new one on me as I understand the usual way is to set a credit card up as a bank account... Has anyone else set up their credit cards in t...	lesley_123	4	1235	Thu Dec 13 05:07 2012 by Figurate
	The best way to deal with PL receipts paid by C Card please???... (Preview) I've been asked to input historic data onto Sage 50 for a client. Thay have 4 on the road engineers who each have a company Credit Card. I'm looking for a 'streamlined' way of dealing with the monthly receipts for them all. The Sage rep who came in advised me to set up each credit card as a 'supplier' (accou...	lesley_123	2	1434	Thu Dec 13 00:12 2012 by lesley_123
	Company Van (Preview) If an employee uses a company amongst other things to come to work and back and use privately are they liable for fuel costs etc. If so how are they charged for them?	Rhianrach	2	1939	Wed Dec 12 22:06 2012 by Rhianrach
	How to reverse incorrect bank transfer (Preview) Hi all. I had one of those days today when nothing you do seems to go right. To top it up at the last 20 min before the end of working day I decided to quickly record bank transfers between current and deposit accounts. With a colleague chatting and me in a hurry (I know I am trying very hard here looking for ex...	anutushka	2	994	Wed Dec 12 02:27 2012 by anutushka
	In need of a bit of help please. (Preview) Hi Everyone, I am in need of some help and I am not sure if anyone may have the answer. This is a question for myself. We have a house that we rent out and are just about to buy house no2 to rent out also. Both of these houses have a buy-to-let mortgage and the one that we live in has a normal residential mortga...	Amanda	11	6179	Tue Dec 11 00:57 2012 by Amanda
	Payments on account and o/s invoices (Preview) Hello everyone Can anyone advise me how to deal with a supplier account where invoices have been posted and payments on account have been made? I would like to get everything to start afresh so i can then pay each invoice off but not sure how to. Also can you advise what to do with invoices that have been p...	Lauren	6	1968	Tue Dec 11 00:24 2012 by Lauren
	Inter company transfer of funds (Preview) Hi All, My client has two companies and sometimes transfers round amount sums of money from one company bank account to the other - this is usually when the balance in the receiving company bank a/c is becoming a little low to cover the expenses that the company needs to pay. Am I right in thinking that...	Moonraker	2	1477	Mon Dec 10 18:06 2012 by Moonraker
	may i buy external monitor as my personal limited company business cost (Preview) Hello, I am recentlly opened an personal limited company. And need buy some stuff. Something like computer, table and external monitor etc. But I don't have my personal office. I can try my best to let these stuff as business need. but what evidence should I show HMRC to claim tax deduction?	xiaoheidan	3	2027	Mon Dec 10 18:04 2012 by Shamus
	Confused about Pension costs and car allowances? (Preview) Ok here is an extract from the trial balance for this company I am doing Car allowance 7000 Pension costs 8500 Computer equipment 200 Ok. For computer equipment I put that in inventory as it is going to be used with the business to generate sales. Car allowance and pension costs for employees is that...	Freifer	1	1388	Mon Dec 10 08:20 2012 by RobRJBS
	Recurring entries on Sage (Preview) Hi, Looking for advice, i've been out of book keeping for a few years and have just started in new job. Haven't dealt with recurring entries before and have noticed when doing bank rec that there is a recurring entry relating to August which has not been bank reconciled but has been VAT reconciled. C...	Marley D	1	1758	Mon Dec 10 02:23 2012 by Stardoe
	Opening balances in Sage Instants (Preview) Hi All I've been to a client again today to do some more bookkeeping as they were behind. I have caught up with payments and posting Sales invoices. What I wanted to do next was post in the opening creditor balances and also the bank balance from last year. I've clicked on Tool, but there is no option fo...	Elaine R	3	1412	Sun Dec 9 17:59 2012 by Stardoe
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