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Help with Salaries, Quickbooks desktop
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Hello everyone, My first post, and in desperate need for advice & help, probably on a regular basis. I was doing a search for Mentors and was suggested this forum. Hopefully in the future I can contribute when I am a bit more experienced. I have ICB Level 2 bookkeeping (which I studied a few y...
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Meganp
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10
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1796
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cost of sales
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Can I please pick up your brain cos mine is going blank at the moment. cost of sales for company selling cleaning services: cleaning chemicals - cost of sales (COS) fuel(some machines operate on fuel) - COS cleaning supplies - COS small machine parts and small cleaning tools/machines- COS or expense...
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Ania
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6
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1811
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Recording CIS on Sage
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Hi can anyone tell me please how to record the following in Sage. Subcontractor issues the following invoice Net 750 Vat 150 Gross 900 Contractor then pays him 750 and pays 150 to HMRC for CIS. I am sure this is simple and I am over complicating it but I have put the full invoice on his supplier account,...
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Pickle
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25
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2345
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extended trial balance
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Hi guys I would like to ask you for help. I have exercise where I should create extended trial balance. Please find enclosed screenshot below. I have some doubts in relation to whether a given item is the item of balance sheet or profit and loss. Please help me to clarify the following issues. 1. Is Cre...
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rafapak
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5
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1465
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Restaurant Discount Vouchers
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Hello Thank you for your advice on my previous question. I am not sure how to treat discount vouchers for the restaurant I am working with. I have opened a Till bank account and have posted bank receipts (CR) to debit the bank and credit the sales n/c with the daily takings, when the cash & card hits t...
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Sheena
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3
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1597
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Quick Recovery for EDB to PST
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sorry for the spam -- Edited by Rwatt123 on Tuesday 14th of January 2020 10:26:40 AM -- Edited by Rwatt123 on Tuesday 14th of January 2020 10:28:10 AM -- Edited by Rwatt123 on Tuesday 14th of January 2020 10:28:29 AM
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Rwatt123
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0
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1074
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tax residency certificate uae
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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/corp...
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grace44
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9
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1949
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Transfer of a vehicle into Ltd Company
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Happy New Year everyone!! I have a client who was trading as a sole trader but has now set up a Ltd Company and is asking what the advantages would be to transfer the vehicle so that it is owned by the Company rather than himself. The vehicle is only used for delivering their products to clients. What would...
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Samilou67
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6
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1620
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Merry Christmas everyone.
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Cheshire
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7
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4641
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New Business - Fixed Assets
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Hello My name is Sheena and I have started working for myself as a bookkeeper after passing AAT Level 3. I have recently taken on a new client who has bought over an existing Bar/Restaurant. I have been given Cash takings, expense receipts and the bank statement to process. One of the payments on the ban...
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Sheena
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5
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1549
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using accounts to calculate taxes
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Hi guys there are accrued expenses that will not become tax expenses until they are paid there are accrued revenues that will not become tax revenues untill they are paid What accounts do you use to record expenses that are not tax expenses in current period but will become tax expenses in next period...
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rafapak
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5
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1441
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MLR
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Hi, desperate for help. I have always pd to HMRC for MLR but now I only have a couple of small clients. I do their book keeping at their premises on their accountancy packages. I send in the VAT return form their log in. I give no financial advice and all their records then go to their own accountants. T...
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JUECOL
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2
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1593
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Sandwich bar query
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Hi everyone and apologies for being so distant, work has been really busy. Just a quick question on behalf of a friend of a friend. They have a sandwich bar and are VAT registered, they have been told they cant claim back all the vat on the rent and only a proportion as it is in relation to the proportion of s...
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Samilou67
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4
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1763
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Offset of CIS
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Hi all Every month for a Ltd Co I have been offsetting the CIS suffered via EPS and the normal CIS return for the subbies, this has always resulted in a larger amount suffered than having to pay, this month however the sub-contractors deductions are actually higher than the amounts of CIS suffered am...
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Artois
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4
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1453
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management accounting -variances on material usage
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Hi guys . I would like to ask you for help. On standard cost card per unit materials are calculated as 3 kg x 2 pounds per kilogram which equals 6 pounds. Actual usage of material is 100 kilograms. Standard usage is 120 kilograms.I saved 20 kilograms. When I want to calculate my saving in terms of money I m...
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rafapak
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4
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1362
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Purchase of own shares
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Purchase of own shares - all legals followed (clearance, articles do not prohibit/contract re consideration/ord res/consent/co house docs/gazette/one off payment-no installments etc) No share premium. Shares £1 nominal x 100, 4 shareholder. Buying one shareholder out 25 shares sold for £...
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Cheshire
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2
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1719
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Employment Contract
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Morning all A new client has told me he took on an apprentice a few months back, from what I have gathered he has not given him a contract of employment, not sure if this is an approved scheme as I am still waiting for him to get back to me with further information. Is this a legal requirement for an apprenti...
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Artois
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6
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1723
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Old Laptop disposal
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Morning all I have an old laptop that I used for my business a few years ago when I first started and has just sat in a cupboard since getting a new one, I have deleted all my clients files and any sensitive data and uninstalled all my programs. What is the best way to dispose of this now? I hear lots of storie...
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Artois
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8
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1628
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How to post
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Following on from my post the other day regarding " sales invoices or not" i now need to pick someones brains. After sitting down and looking through the accounts i have discovered quite a few mistakes and i think to combat these mistakes then they need to generate an invoice each time. Because a lot of...
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Nikole
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14
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2135
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How to record overpaid authorized capital value?
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A single share holder company with 10,000 as the authorized capital value... The shareholder asked another company who owes money to him to deposit to the company bank account but 25,000, which is 15,000 higher than the share value the shareholder should invest in the company. What is the best way t...
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smartcard
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1
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1234
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