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

SimonEd · SimonEd

hi - my first post here so fingers crossed. i cant believe i'm the only person with this issue but i can't find anything online Exclusively (as far as my experience goes) Barclays, always change the order of entries on their online statements overnight and sometimes during the day. this makes it serio...

rafapak · rafapak

Hi guys I know that service departments usually provide services for manufacturing departments or for other service departments. In my illustration HR department provided 30 hours for security departament, 400 hours for Retail department and 250 hours for Restaurant departament. I have probl...

rafapak · rafapak

Hi guys I would like to ask you for help . I have troubles to understand part of instruction to my exercise. It says : The expected production rate is 24 units per hour. In any one day if this target is exceeded the employee receives a bonus equal to half the hourly rate for the additional hours' worth of pro...

Obliss1 · Obliss1

Hi Im the bookkeeper for a charity. The total Income - Expenditure doesnt match the total bank money recieved - spent - transfers. The bank reconciliation has been completed, and it is fully reconciled. The Extended Trial Balance balances. Where can I be going wrong? Many thanks

BazzaS · BazzaS

I am a bookkeeper for a limited company. The owner is looking to sell up. My query concerns how to calculate the gain from the sale - specifically the original costs. Some 5 years back the owner (then operating as a sole trader) incorporated the limited company, transferring to it the assets and liabil...

Leger · Leger

Client has paid a deposit on new business premises. What's the accounting treatment please?

rafapak · rafapak

I would like to say thank you to people who responded to my earlier thread. I am sorry I haven't presented full exercise content so that people had troubles to figure out what I meant . Now I attached illustration so that you guys can see full instructions for the exercise. Please, if you have some time ha...

Glenn22 · Glenn22

In simple words the bookkeeping is considered to be the recording of the financial transactions it is also considered to be as the process of accounting in business.The following transactions can include purchases, sales, receipts, and payments by an individual person or an organization/corpo...

RosNovice · RosNovice

Hello everyone, Could someone kindly advise on the below? A business wants to hire an independent contractor to perform various task (eg. personal assistant).The tasks, which the contractor needs to perform, require the contractor to occasionally make purchases (eg. book a flight ticket). ...

morish89 · morish89

<< Banned >>

rafapak · rafapak

Hi guys I would like to ask you for help cause I have trouble to understand cash book and necessity of having one. Let's say you own a shop with bicycles. There are customers who use their debit bank cards to pay for bicycles they buy. Since there are people who pay with their bank card, money is immediate...

Shamus · Shamus

Remember that the changes to IR35 are creeping ever closer. Anyone who has IT contractors on their books may need to be prepared to advise them on their next steps including the possibility of working through unbrella companies or the transition back to permanent employment which will of course red...

geek84 · geek84

Good Morning Folks At long last I think I may have my first client !! The potential client runs a pet sitting service for home owners who are busy at work all day and also takes care of the pets in their home while the owners are on holiday etc. She wants to know a lot of information regarding claiming her e...

rafapak · rafapak

Hi guys I have 2 questions in relation to aat level 3 final accounts preparation. 1. They give you trial balance in an exercise. You are supposed to prepare income statement and balance sheet later. There is bank loan in trial balance. They don't tell you if this is long term or short term loan. Theref...

rafapak · rafapak

Hi guys When you watch youtube videos in relation to aat level 3 very often you hear that technique is very important during exams. How technique in accountancy and exams should be properly understood ? What people mean when they say that technique is important when you do exams ? Regards. Rafa

Awray · Awray

Hello, Hopefully a simple one! I've been happily using VT Transactions for work bookkeeping and now want to use it on my own home finances. They have a set of ledgers for this but I've become stuck straight away! There is no creditors- -opening balances in this set of ledgers so how do enter my starting f...

Cheshire · Cheshire

blueeyes · blueeyes

Hi all, If a rental property income is £3k (£6k shared between husband and wife) and expenses are £515 (Again this been 50% of the £1030) can the property income allowance of £1000 be used instead of the £515 expenses? TIA

Eduhouse · Eduhouse

I have a limited company registered in the UK. Recently, we plan to do some business with Indian freelancers. Is it ok to accept an invoice from India? In India, a private person can also provide service and issue an invoice even if he does not have a company registered (with income up to 20 lakh yearly)...

Nikole · Nikole

I am now into my sixth year of being self employed and would like to wish all of my fellow members a, "Happy New Year" !. I have received some great advice from members over the past few years, and my goal for 2020 is to engage more in posts whether it be to offer advice or just have a general chat. Wishing you a...

Topic		Started By	Replies	Views	Last Post
	Reconciling Barclays statements (Preview) hi - my first post here so fingers crossed. i cant believe i'm the only person with this issue but i can't find anything online Exclusively (as far as my experience goes) Barclays, always change the order of entries on their online statements overnight and sometimes during the day. this makes it serio...	SimonEd	7	1837	Thu Feb 27 14:00 2020 by Cheshire
	service department costs-step down method (Preview) Hi guys I know that service departments usually provide services for manufacturing departments or for other service departments. In my illustration HR department provided 30 hours for security departament, 400 hours for Retail department and 250 hours for Restaurant departament. I have probl...	rafapak	5	1407	Mon Feb 24 14:55 2020 by rafapak
	bonuses-labour costs (Preview) Hi guys I would like to ask you for help . I have troubles to understand part of instruction to my exercise. It says : The expected production rate is 24 units per hour. In any one day if this target is exceeded the employee receives a bonus equal to half the hourly rate for the additional hours' worth of pro...	rafapak	26	2252	Fri Feb 21 16:56 2020 by Casu
	Bank is reconciled, ETB is balanced, issue with Profit and Loss Account Bookkeeping profit and loss (Preview) Hi Im the bookkeeper for a charity. The total Income - Expenditure doesnt match the total bank money recieved - spent - transfers. The bank reconciliation has been completed, and it is fully reconciled. The Extended Trial Balance balances. Where can I be going wrong? Many thanks	Obliss1	6	2397	Wed Feb 19 20:07 2020 by Casu
	Sale of Ltd company - calculation of gain (Preview) I am a bookkeeper for a limited company. The owner is looking to sell up. My query concerns how to calculate the gain from the sale - specifically the original costs. Some 5 years back the owner (then operating as a sole trader) incorporated the limited company, transferring to it the assets and liabil...	BazzaS	2	1107	Mon Feb 17 18:21 2020 by Cheshire
	Rent deposit (Preview) Client has paid a deposit on new business premises. What's the accounting treatment please?	Leger	11	1522	Mon Feb 17 17:57 2020 by Cheshire
	bonuses-labour costs corrected with illustration (Preview) I would like to say thank you to people who responded to my earlier thread. I am sorry I haven't presented full exercise content so that people had troubles to figure out what I meant . Now I attached illustration so that you guys can see full instructions for the exercise. Please, if you have some time ha...	rafapak	4	1242	Mon Feb 17 09:14 2020 by Casu
	Bookkeeping resolution to be followed accounting bookkeeping (Preview) In simple words the bookkeeping is considered to be the recording of the financial transactions it is also considered to be as the process of accounting in business.The following transactions can include purchases, sales, receipts, and payments by an individual person or an organization/corpo...	Glenn22	11	3507	Fri Feb 14 17:37 2020 by Shamus
	Petty Cash Paperwork (Preview) Hello everyone, Could someone kindly advise on the below? A business wants to hire an independent contractor to perform various task (eg. personal assistant).The tasks, which the contractor needs to perform, require the contractor to occasionally make purchases (eg. book a flight ticket). ...	RosNovice	25	2494	Fri Feb 14 00:15 2020 by Cheshire
	debt management solutions (Preview) << Banned >>	morish89	5	1512	Sun Feb 9 11:37 2020 by Cheshire
	cash book -help needed (Preview) Hi guys I would like to ask you for help cause I have trouble to understand cash book and necessity of having one. Let's say you own a shop with bicycles. There are customers who use their debit bank cards to pay for bicycles they buy. Since there are people who pay with their bank card, money is immediate...	rafapak	9	1387	Thu Feb 6 15:22 2020 by rafapak
	IR35 changes. Time to prepare. (Preview) Remember that the changes to IR35 are creeping ever closer. Anyone who has IT contractors on their books may need to be prepared to advise them on their next steps including the possibility of working through unbrella companies or the transition back to permanent employment which will of course red...	Shamus	4	1262	Tue Feb 4 10:27 2020 by Cheshire
	My first client - Pet Sitting Services (Preview) Good Morning Folks At long last I think I may have my first client !! The potential client runs a pet sitting service for home owners who are busy at work all day and also takes care of the pets in their home while the owners are on holiday etc. She wants to know a lot of information regarding claiming her e...	geek84	6	1440	Tue Feb 4 08:13 2020 by Casu
	loans plus layouts- aat level 3 accounts preparation (Preview) Hi guys I have 2 questions in relation to aat level 3 final accounts preparation. 1. They give you trial balance in an exercise. You are supposed to prepare income statement and balance sheet later. There is bank loan in trial balance. They don't tell you if this is long term or short term loan. Theref...	rafapak	4	1188	Mon Feb 3 15:09 2020 by rafapak
	technique in relation to accountancy and aat level 3 exams (Preview) Hi guys When you watch youtube videos in relation to aat level 3 very often you hear that technique is very important during exams. How technique in accountancy and exams should be properly understood ? What people mean when they say that technique is important when you do exams ? Regards. Rafa	rafapak	5	1451	Sun Feb 2 16:03 2020 by rafapak
	VT Transactions Home Finances (Preview) Hello, Hopefully a simple one! I've been happily using VT Transactions for work bookkeeping and now want to use it on my own home finances. They have a set of ledgers for this but I've become stuck straight away! There is no creditors- -opening balances in this set of ledgers so how do enter my starting f...	Awray	16	1971	Sun Feb 2 15:24 2020 by Awray
	HMRC is down!!!!!!!!!!!!!!!! In January!!!!!!!!!! (Preview)	Cheshire	19	2330	Thu Jan 23 18:57 2020 by Leger
	Property Income Allowance (Preview) Hi all, If a rental property income is £3k (£6k shared between husband and wife) and expenses are £515 (Again this been 50% of the £1030) can the property income allowance of £1000 be used instead of the £515 expenses? TIA	blueeyes	3	1375	Thu Jan 23 09:16 2020 by Leger
	Invoice from India (Preview) I have a limited company registered in the UK. Recently, we plan to do some business with Indian freelancers. Is it ok to accept an invoice from India? In India, a private person can also provide service and issue an invoice even if he does not have a company registered (with income up to 20 lakh yearly)...	Eduhouse	3	1397	Wed Jan 22 08:11 2020 by Cheshire
	Happy New Year (Preview) I am now into my sixth year of being self employed and would like to wish all of my fellow members a, "Happy New Year" !. I have received some great advice from members over the past few years, and my goal for 2020 is to engage more in posts whether it be to offer advice or just have a general chat. Wishing you a...	Nikole	13	1928	Thu Jan 16 16:27 2020 by Cheshire
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