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

Kittycat · Kittycat

Hi, I just wanted to clear something up for my own piece of mind - my client works from home and I have had a few receipts handed to me such as Flymo grasscutter/hoover/kettles etc. It could be said that these items are needed for the business, but can I claim the Vat back on them? (I know they are predomina...

loulton · loulton

Hi Everyone Another question about my quirky little restaurant. When I come to balance off petty cash at the end of the month, there is invariably a sum of money missing that is unaccounted for. Sometimes it's as little as £10, sometimes - rather worryingly - its as much as £200. Despite my best detecti...

Amanda · Amanda

HI Everyone, I am setting up a new client in QB and they pay themselves some dividends, all suggested by the Accountant. In the past on older clients I have just posted it to DLA account, but this one said there has to be a separate account in QB under the equity section in COA. They are a Ltd company in thei...

PawelLTD · PawelLTD

Good morning Guys :) I have to solve one bookkeeping/accounting task. I hope you can help me. There is a bakery company. They baked breads. On January they bought: - flour 20 kg - 50 GBP (2.5 GBP per kg) - salt 5 kg - 10 GBP (2 GBP per kg) - milk 3 litres. - 6 GBP (2 GBP per litre) At the end of month they have: - flo...

RuthW · RuthW

Can anybody on here recommend anybody that could assist a potential client I have met with today who has been out of the UK tax system for over 10 years. They have now received a letter saying they have been fined for not submitting any tax returns for many years but they do not think they should have been...

woody88 · woody88

Does anybody know if their is a calculator available either online or in excel which will calculate whether a client is better getting a company car and fuel against claiming mileage at 45p and 25p. I have read articles which state that unless you do over 20,000 miles then mileage cliams would normall...

numbnumber · numbnumber

Is it the weather or the fact we have had two bank holidays this week, I am finding it so difficult to concentrate on work today? Everything I attempt seems to end in a mess. Bring on retirement (maybe in another 20 years if I am lucky).

Clyde · Clyde

New to bookkeeping and just wondering if there's a standard rate a bookkeeper uses for depreciating plant and machinery? I've seen a few examples where 25% is used and others where 15% is used. Are there any guidelines or is it down to personal preference? Thanks and great forum by the way! Clyde

loulton · loulton

Hi Everyone I know I'm really needy at present and am trespassing on everyone's good will for which I apologise profusely. I'm still unsure how to process the takings for the restaurant. I've drawn up a spreadsheet showing my best guess - with comments. I know it's a lot to ask but if someone wouldn't...

Kitty37 · Kitty37

Hi Could anyone tell me the most tax efficient amount to pay the director of a company if the directors tax code is 810L. I assumed it was £675 so that the free allowance of £8105 was utilised in full but I have been told this week that it should be £624. Can anyone confirm this please? Many thanks

lor · lor

Hi All, Would recommend the above as I have just managed to store all my data and back ups (sage) on to here, and it dates back to dec 2008 so there is quite alot of data, and it's foc and easy to use!. Thought I would share with you as you may fine this useful and not have to worry about data loss etc. I am going t...

woody88 · woody88

I have acquired a client who left their old accountant because they lost their bank statements. I've been lucky enough to have never lost any clients records although I must admit that I have accidently filed items of bookkeeping with the wrong client whilst working on multiple jobs when i'm waiting...

Wonnov Menny · Wonnov Menny

2 part question re. Handling credit cards processed via a streamline terminal.. [1] I'm thinking of setting up a merchant account called StreamLine Merchant Acc. (possibly classed as a bank account) to keep track of everything. The process I'm thinking of following when a customer settles their i...

NA_AA · NA_AA

What adjustments need to be made to accounts in the current year for losses incurred in the prior year

numbnumber · numbnumber

Hi, just got myself slightly confused. I have just written off a bad debt in sage using the wizard which is fine. My concern is that I need to get the VAT relief. Do I do this when finalising the VAT on the adjustment section or do I do a journal and if the later which nominal? Roz

loulton · loulton

Hi The owner/director of the restaurant where I work takes a lot of money for personal use. It is a limited company and so the concept of drawings - as far as I am aware - doesn't exist. She takes both cash and uses the company debit card. I've pointed out she should take these amounts as wages but she's not p...

Apprentice Greg · Apprentice Greg

I am a bit confused by assets - there was a discussion at work yesterday about whether something was an asset or not. I'm quite new so I just listened. The gist of the conversation was that maybe the usual, if a item is over £ 100 it should be an asset, should really be increased as they have been using this a...

NA_AA · NA_AA

If you had free resource available to your business for 3-4 months, what would be the top 3/5 things you would get them to do for the business?

NA_AA · NA_AA

What are the main year end adjustments which need to be made in Sage?

Amanda · Amanda

HI Chaps, Had a thought the other day about targeting local independant funeral Directors for bookkeeping. Has anyone done this or are doing this?? The reason behind my thought is there are quite a few independants in our area, and at the end of the day they will all need their books doing whether thy...

Topic		Started By	Replies	Views	Last Post
	Vat (Preview) Hi, I just wanted to clear something up for my own piece of mind - my client works from home and I have had a few receipts handed to me such as Flymo grasscutter/hoover/kettles etc. It could be said that these items are needed for the business, but can I claim the Vat back on them? (I know they are predomina...	Kittycat	6	1725	Tue Jun 12 21:48 2012 by Stardoe
	Missing amounts from cash (Preview) Hi Everyone Another question about my quirky little restaurant. When I come to balance off petty cash at the end of the month, there is invariably a sum of money missing that is unaccounted for. Sometimes it's as little as £10, sometimes - rather worryingly - its as much as £200. Despite my best detecti...	loulton	13	2057	Tue Jun 12 00:10 2012 by Stardoe
	Dividends need some help pls (Preview) HI Everyone, I am setting up a new client in QB and they pay themselves some dividends, all suggested by the Accountant. In the past on older clients I have just posted it to DLA account, but this one said there has to be a separate account in QB under the equity section in COA. They are a Ltd company in thei...	Amanda	10	2124	Mon Jun 11 21:48 2012 by Stardoe
	Production task (Preview) Good morning Guys :) I have to solve one bookkeeping/accounting task. I hope you can help me. There is a bakery company. They baked breads. On January they bought: - flour 20 kg - 50 GBP (2.5 GBP per kg) - salt 5 kg - 10 GBP (2 GBP per kg) - milk 3 litres. - 6 GBP (2 GBP per litre) At the end of month they have: - flo...	PawelLTD	1	1023	Mon Jun 11 18:40 2012 by Rob-f58049
	Tax Investigaton and help (Preview) Can anybody on here recommend anybody that could assist a potential client I have met with today who has been out of the UK tax system for over 10 years. They have now received a letter saying they have been fined for not submitting any tax returns for many years but they do not think they should have been...	RuthW	5	4070	Sun Jun 10 19:14 2012 by Shamus
	Calculator to work out company car v mileage claims (Preview) Does anybody know if their is a calculator available either online or in excel which will calculate whether a client is better getting a company car and fuel against claiming mileage at 45p and 25p. I have read articles which state that unless you do over 20,000 miles then mileage cliams would normall...	woody88	2	4073	Sun Jun 10 09:20 2012 by AICB
	Friday afternoon procrastinating (Preview) Is it the weather or the fact we have had two bank holidays this week, I am finding it so difficult to concentrate on work today? Everything I attempt seems to end in a mess. Bring on retirement (maybe in another 20 years if I am lucky).	numbnumber	8	1377	Sat Jun 9 20:44 2012 by Rhianrach
	What is the Standard Rate for Depreciation? (Preview) New to bookkeeping and just wondering if there's a standard rate a bookkeeper uses for depreciating plant and machinery? I've seen a few examples where 25% is used and others where 15% is used. Are there any guidelines or is it down to personal preference? Thanks and great forum by the way! Clyde	Clyde	22	51655	Sat Jun 9 05:00 2012 by Rhianrach
	Recording sales in a restaurant (clarification) (Preview) Hi Everyone I know I'm really needy at present and am trespassing on everyone's good will for which I apologise profusely. I'm still unsure how to process the takings for the restaurant. I've drawn up a spreadsheet showing my best guess - with comments. I know it's a lot to ask but if someone wouldn't...	loulton	6	3332	Sat Jun 9 04:46 2012 by MarkS
	Directors Salary (Preview) Hi Could anyone tell me the most tax efficient amount to pay the director of a company if the directors tax code is 810L. I assumed it was £675 so that the free allowance of £8105 was utilised in full but I have been told this week that it should be £624. Can anyone confirm this please? Many thanks	Kitty37	3	3897	Sat Jun 9 02:22 2012 by PawelLTD
	msn hotmail skydrive (Preview) Hi All, Would recommend the above as I have just managed to store all my data and back ups (sage) on to here, and it dates back to dec 2008 so there is quite alot of data, and it's foc and easy to use!. Thought I would share with you as you may fine this useful and not have to worry about data loss etc. I am going t...	lor	1	1959	Sat Jun 9 00:59 2012 by lor
	Lost records (Preview) I have acquired a client who left their old accountant because they lost their bank statements. I've been lucky enough to have never lost any clients records although I must admit that I have accidently filed items of bookkeeping with the wrong client whilst working on multiple jobs when i'm waiting...	woody88	3	1363	Fri Jun 8 22:55 2012 by Shamus
	How to handle credit cards via Streamline terminal streamline (Preview) 2 part question re. Handling credit cards processed via a streamline terminal.. [1] I'm thinking of setting up a merchant account called StreamLine Merchant Acc. (possibly classed as a bank account) to keep track of everything. The process I'm thinking of following when a customer settles their i...	Wonnov Menny	11	7822	Fri Jun 8 18:29 2012 by loulton
	Loss incurred in prior year (Preview) What adjustments need to be made to accounts in the current year for losses incurred in the prior year	NA_AA	1	1499	Fri Jun 8 16:21 2012 by MarkS
	Journal to account for bad debt in sage (Preview) Hi, just got myself slightly confused. I have just written off a bad debt in sage using the wizard which is fine. My concern is that I need to get the VAT relief. Do I do this when finalising the VAT on the adjustment section or do I do a journal and if the later which nominal? Roz	numbnumber	0	1241	Thu Jun 7 18:24 2012 by numbnumber
	Drawings but in a limited company (Preview) Hi The owner/director of the restaurant where I work takes a lot of money for personal use. It is a limited company and so the concept of drawings - as far as I am aware - doesn't exist. She takes both cash and uses the company debit card. I've pointed out she should take these amounts as wages but she's not p...	loulton	12	5062	Thu Jun 7 20:59 2012 by Karina
	When is an asset a real asset? (Preview) I am a bit confused by assets - there was a discussion at work yesterday about whether something was an asset or not. I'm quite new so I just listened. The gist of the conversation was that maybe the usual, if a item is over £ 100 it should be an asset, should really be increased as they have been using this a...	Apprentice Greg	6	6000	Thu Jun 7 19:40 2012 by NickCraggs
	Free resource (Preview) If you had free resource available to your business for 3-4 months, what would be the top 3/5 things you would get them to do for the business?	NA_AA	2	1288	Thu Jun 7 17:54 2012 by Don Tax
	Year end in sage (Preview) What are the main year end adjustments which need to be made in Sage?	NA_AA	1	1280	Thu Jun 7 17:43 2012 by Amanda
	Has anyone targeted Funeral Directors for business?....... (Preview) HI Chaps, Had a thought the other day about targeting local independant funeral Directors for bookkeeping. Has anyone done this or are doing this?? The reason behind my thought is there are quite a few independants in our area, and at the end of the day they will all need their books doing whether thy...	Amanda	3	1356	Thu Jun 7 17:41 2012 by Amanda
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