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

Karolle_ · Karolle_

Hi, Contractor company has a right to 3% retention to hold off all payments for a period of 3 months. Retention is not released until the Certificates of Making Good Defects on each contract has been received. How the supplier company should record retention money in its books?Can it go under the head...

NA_AA · NA_AA

What kind of things would you need to watch out for when completing book-keeping work for an overseas company?

BJA · BJA

Hello everybody, I have this question in my Financial accounting practice book and I think there is an incorrect answer. Could you please have a look and see what result you come to. At January 20X1, there was an allowance for receivables of $3000. During the year, $1000 of debts were written off as irr...

BJA · BJA

Good afternoon everybody, I am having a bit of trouble with some excercises in my Financial accounting practice and revision - there are answers, but still I don't get it - but only a portion of the exercise. I enclose the whole exercise and answers - they are numbers 24.2 and 24.3 - What I do not unders...

jsgraver · jsgraver

Anyone frustrated with the bank reconciliation procedure? I would appreciate any comments on this idea Why not introduce MEMO bank statement account structure within Sage where the true Statement balance shows Its pretty easy to import the bank statement into Sage(csv and a couple of tweaks) I ra...

Dove Tree Services · Dove Tree Services

I have a new client with lots of company assets and I want to send him a Fixed Asset Register form to complete and send back to me. Does anyone have a template they use that I could borrow please? Thanks in advance Esther

chrb8 · chrb8

Hi, The business that I do book-keeping for pays business rates, but now also is about to start paying council tax on a recently-purchased adjacent residential property. I am a little confused as to how to process these payments through Sage. Up until now I have been posting the business rates to...

SamBook · SamBook

Good Afternoon Everyone, I have a quick question on a limited company balance sheet. At the moment the balance sheet is showing a dividend amount in brackets. Can anyone tell me what the accountants will do with this figure in the year end accounts? I understand that this should be the figure of any div...

ghis · ghis

Hi Guys I was wondering how you start up book keeping. I want to work mainly from home, do i need to buy a accounting software that allows me to have multiple companies on it? Or do i get the customer to buy it themselves, so it is on their computer? Thanks

NA_AA · NA_AA

Does anyone ever recover the cost of this?

Clo · Clo

Hi there, I am hoping someone can help with my dilema. I'm sure it has a simple answer. I am entering payments made by a client from their personal bank account that are 100% business expences. Do i post this payment to a equity account under capital introduced or make another account for it. I use quick b...

chatcat · chatcat

Having more or less got my head around keeping the books for our business, I thought it would be simple to apply some accounting/bookkeeping principles to our family accounts. I'm finding it not so easy after all! Background: I'm trying to set up a simple double entry system on Excel to record the out...

Karolle_ · Karolle_

Hi, I have a question how to record corporation tax paybale on the last accounts?I understand that Corporation Tax will be the liability in the year for which tax has to be paid, so it will go under the Liabilities. What will be it's position in Profit and Loss account?just after profit write less cor...

NA_AA · NA_AA

I keep being told by colleagues that preparing the books for a solicitors firm is very complex therefore it is not reccommended to do Can somebody please tell me what are the differences between preparing accounts for a standard business and those for a solicitors firm?

NA_AA · NA_AA

I don't understand why so many clients still decide to pay significant amounts of money to large accountancy/auditing firms to do their book-keeping, yes their 'book-keeping', when they could easily pay 1/4 or 1/5 of the price if they enaged people like you and me. I guess some people have more mone...

knowthenumbers · knowthenumbers

We recently started our own business, but before we had a business bank account we bought and paid for a logo and a domain and hosting from our personal bank account. Obviously I need to put these invoices into the business software as a business expense, but am unsure how to show this as the cash left our...

Amanda · Amanda

Hi Everyone, Well this last month I have found out that I may potentially loose 4 clients!!! 2 I am expecting to loose due to their work and they might well get employed so no need for me. One I only do the VAT and they no longer anywhere near the VAT threshold and are unlikely to be in the future. Lastly econ...

Lyndsey · Lyndsey

Hi eveyone I'm new to this forum and bookkeeping (sort of). I have been doing the books/tax returns for my other halfs business for a few years & have decided to get qualified to do this as a job, following the birth of my daughter. I am on level 2 of the ICB qualification & getting on really well. P...

Lisa73 · Lisa73

Hi all I have a job interview next week for a Management Accountant in an insurance company. I have worked in various sectors in the past, but not insurance. Can anyone give me an insight? anything at all that may help me? Is it much different? I've dealt with Client Accounts before, is that relevant? I p...

karen8310 · karen8310

I activated the Accountant Link on my Sage Instant Accounts Plus to send data over to my accountant for correction/inspection. I thought it would be a useful thing to do. However, my accountant decided not to work this way and called in to see me. He is not going to return data for me to import to compl...

Topic		Started By	Replies	Views	Last Post
	Retention money (Preview) Hi, Contractor company has a right to 3% retention to hold off all payments for a period of 3 months. Retention is not released until the Certificates of Making Good Defects on each contract has been received. How the supplier company should record retention money in its books?Can it go under the head...	Karolle_	1	1820	Sun Apr 15 20:02 2012 by kjmcculloch83
	Book-keeping for an overseas company (Preview) What kind of things would you need to watch out for when completing book-keeping work for an overseas company?	NA_AA	3	2289	Sun Apr 15 18:06 2012 by Wella
	Receivables - calculation (Preview) Hello everybody, I have this question in my Financial accounting practice book and I think there is an incorrect answer. Could you please have a look and see what result you come to. At January 20X1, there was an allowance for receivables of $3000. During the year, $1000 of debts were written off as irr...	BJA	2	1285	Sun Apr 15 00:51 2012 by BJA
	Consolidate financial statements (Preview) Good afternoon everybody, I am having a bit of trouble with some excercises in my Financial accounting practice and revision - there are answers, but still I don't get it - but only a portion of the exercise. I enclose the whole exercise and answers - they are numbers 24.2 and 24.3 - What I do not unders...	BJA	19	3540	Sat Apr 14 19:43 2012 by Shamus
	bank reconciliation problems sage (Preview) Anyone frustrated with the bank reconciliation procedure? I would appreciate any comments on this idea Why not introduce MEMO bank statement account structure within Sage where the true Statement balance shows Its pretty easy to import the bank statement into Sage(csv and a couple of tweaks) I ra...	jsgraver	18	17006	Sat Apr 14 04:42 2012 by Stardoe
	Fixed Asset Register Template (Preview) I have a new client with lots of company assets and I want to send him a Fixed Asset Register form to complete and send back to me. Does anyone have a template they use that I could borrow please? Thanks in advance Esther	Dove Tree Services	2	4775	Sat Apr 14 01:41 2012 by Dove Tree Services
	Business rates and council tax (Preview) Hi, The business that I do book-keeping for pays business rates, but now also is about to start paying council tax on a recently-purchased adjacent residential property. I am a little confused as to how to process these payments through Sage. Up until now I have been posting the business rates to...	chrb8	4	16260	Fri Apr 13 23:48 2012 by Don Tax
	Dividends on limited company balance sheet - question! (Preview) Good Afternoon Everyone, I have a quick question on a limited company balance sheet. At the moment the balance sheet is showing a dividend amount in brackets. Can anyone tell me what the accountants will do with this figure in the year end accounts? I understand that this should be the figure of any div...	SamBook	5	6675	Fri Apr 13 22:43 2012 by Count1314
	How to set up clients (Preview) Hi Guys I was wondering how you start up book keeping. I want to work mainly from home, do i need to buy a accounting software that allows me to have multiple companies on it? Or do i get the customer to buy it themselves, so it is on their computer? Thanks	ghis	17	1844	Fri Apr 13 04:33 2012 by Alfred
	Free Initial consultation (Preview) Does anyone ever recover the cost of this?	NA_AA	6	1464	Fri Apr 13 01:26 2012 by RuthA
	recording payments by client for business from personal account ... (Preview) Hi there, I am hoping someone can help with my dilema. I'm sure it has a simple answer. I am entering payments made by a client from their personal bank account that are 100% business expences. Do i post this payment to a equity account under capital introduced or make another account for it. I use quick b...	Clo	4	1302	Thu Apr 12 22:17 2012 by Clo
	What do you call the equivalent of retained profit for a trust account? (Preview) Having more or less got my head around keeping the books for our business, I thought it would be simple to apply some accounting/bookkeeping principles to our family accounts. I'm finding it not so easy after all! Background: I'm trying to set up a simple double entry system on Excel to record the out...	chatcat	4	1182	Thu Apr 12 21:50 2012 by chatcat
	Corporation tax payable recording on P&L and B/S (Preview) Hi, I have a question how to record corporation tax paybale on the last accounts?I understand that Corporation Tax will be the liability in the year for which tax has to be paid, so it will go under the Liabilities. What will be it's position in Profit and Loss account?just after profit write less cor...	Karolle_	1	1934	Thu Apr 12 19:45 2012 by MarkS
	Solicitors accounts (Preview) I keep being told by colleagues that preparing the books for a solicitors firm is very complex therefore it is not reccommended to do Can somebody please tell me what are the differences between preparing accounts for a standard business and those for a solicitors firm?	NA_AA	10	9315	Thu Apr 12 15:59 2012 by Hal
	Clients?!!! I just don't understad...? (Preview) I don't understand why so many clients still decide to pay significant amounts of money to large accountancy/auditing firms to do their book-keeping, yes their 'book-keeping', when they could easily pay 1/4 or 1/5 of the price if they enaged people like you and me. I guess some people have more mone...	NA_AA	0	1063	Thu Apr 12 07:29 2012 by NA_AA
	How to deal with startup costs in Quickbooks? (Preview) We recently started our own business, but before we had a business bank account we bought and paid for a logo and a domain and hosting from our personal bank account. Obviously I need to put these invoices into the business software as a business expense, but am unsure how to show this as the cash left our...	knowthenumbers	5	5003	Thu Apr 12 05:11 2012 by knowthenumbers
	Loosing clients (Preview) Hi Everyone, Well this last month I have found out that I may potentially loose 4 clients!!! 2 I am expecting to loose due to their work and they might well get employed so no need for me. One I only do the VAT and they no longer anywhere near the VAT threshold and are unlikely to be in the future. Lastly econ...	Amanda	4	1492	Wed Apr 11 13:48 2012 by Spamkebab
	Newbie - bookkeeping from home (Preview) Hi eveyone I'm new to this forum and bookkeeping (sort of). I have been doing the books/tax returns for my other halfs business for a few years & have decided to get qualified to do this as a job, following the birth of my daughter. I am on level 2 of the ICB qualification & getting on really well. P...	Lyndsey	11	4173	Wed Apr 11 04:47 2012 by Shamus
	Insurance accounting (Preview) Hi all I have a job interview next week for a Management Accountant in an insurance company. I have worked in various sectors in the past, but not insurance. Can anyone give me an insight? anything at all that may help me? Is it much different? I've dealt with Client Accounts before, is that relevant? I p...	Lisa73	2	1169	Wed Apr 11 03:18 2012 by Lisa73
	Switching off the activated Accountant Link! (Preview) I activated the Accountant Link on my Sage Instant Accounts Plus to send data over to my accountant for correction/inspection. I thought it would be a useful thing to do. However, my accountant decided not to work this way and called in to see me. He is not going to return data for me to import to compl...	karen8310	3	4093	Wed Apr 11 03:00 2012 by Stardoe
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