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

NA_AA · NA_AA

I am a little confused regarding which date I need to use when inputting data into the system as some invoices have 2 dates on them e.g. Tax Point & Invoice date Sometimes both these dates fall in the same month therefore I guess this would not be such an issue - however, in some instances the invoice d...

NA_AA · NA_AA

What are the rules around claiming for meals if you are in the office working late or early in the morning (e.g. 5am or 10pm) which are unsocial hours outside the normal working time?

Rob-f58049 · Rob-f58049

Hi. [Quick introduction: My name is Rob and I am almost completely new to bookkeeping and accounting, except that I am the sort of person who keeps decent financial records for my own benefit. I have decided to retrain into the accounting profession, specialising in bookkeeping, and am going to star...

NA_AA · NA_AA

How would you treat expenses for which you had no receipts for as they have been lost? Would you put them through the accounts? or not?

Karolle_ · Karolle_

Hi, Can you help me in recording the hammer drill which should be regarded as fixed assets as its is worth 299.99 (I mean purchase price was this). As it was used in construction site and broke up after 2month of use, how should I record it's disposal?do I need to depreciate it for 2months as it should be re...

NA_AA · NA_AA

So what is everybody going to do now that royal mail have decided to significantly increase postage costs, not that it wasn't expensive enough in the first place...

Books11 · Books11

Hello, Just joined this fab forum, so hello. I have just made the decision to quite my job after 2 yrs of maternity leave to set up my own bookkeeping business for sole traders and small businesses. My background is a business degree (which included some accounting) and 10yrs at IBM doing commercial ma...

NA_AA · NA_AA

How long would you usually wait before you decide a debt from a client will not be recovered before writing it off?

Peasie · Peasie

I've asked this yesterday on the ICB forum but got no response so I thought I'd see if I had better luck on here. I should have gone with my gut instinct and asked on here first as I didn't think I'd get much luck on the other forum. I have a client that has been going for three years now. Their tax return has bee...

Netty · Netty

I have a client who runs a cafe, she is a director as it is a Ltd Company, she does her paperwork from home, can she claim the £3 per week for use of home office the same as a sole trader through her accounts?

Rochie · Rochie

Richard231 wrote: That's how I'd do it. Open a new bank account, calling it 'X Ltd - Intercompany Loan Account'. Pay the invoice from this 'bank' account. When (if!) the money is returned to company X, you'll post it as a bank transfer from the (actual) Bank Account to this intercompany account. In com...

bjlabuk · bjlabuk

Hi, At the end of the last financial year our office equipment had fully depreciated, so the Balance Sheet showed Office Equipment £3200 Office Equipment Depreciation £3200 In preparing this years accounts I see that Sage still shows these fig...

BJA · BJA

Hello everybody, I have the following question in my practice and revision kit, I think that ther is a printing error and the question is not explained. I am really new to this, if you could please do it in the simplest way possible. Thank you very much. At 30/6/02 a company's capital structure was as fol...

Rochie · Rochie

I have posted an invoice to suppliers as the invoice is in the companies name. However the director has paid for this invoice from a seperate company. I suppose this now becomes a loan so how do I post on sage and clear the balance??

NA_AA · NA_AA

Where would you show / allocate an adjustment in your first VAT return for pre-registration VAT being claimed?

salman · salman

hii, i owe a supplier £1055 and i ve already recorded it but i ve also posted a credit note of £ 165 wrongly to the account, so how can I post the right entries for that supplier. thanks

mk10018 · mk10018

A business has completed its vat return, which correctly shows an amount due to HMRC of £14,592. The last quarter's vat payment of £12,345 has been entered into the vat account on the wrong side. What is the uncorrected balance showing on the vat account? the answer is £39,282. can anyone please expla...

mk10018 · mk10018

hi all i'm working on a practice exam question and have a query about a part of it. Cash Receipts Book: Total: £5,092 / VAT £52 / Cash Sales £260 / Cash from debtors £4,780 The vat of £52 is 20% of cash sales of £260, and this is the amount i have to include in box 1 (along with other figures) in th...

Rochie · Rochie

Hi guys, We as a company recive cash payment for our product we do not invoice them for our sales they use an application form. Some customers pay either into our euro or dollar a/c. How do i post the exchange rate variance for reconciling purposes. Thanks in advace

Rochie · Rochie

Hi guys, I have a product that gives a return. But when the return is due to be paid to the customer what posting do i do?

Topic		Started By	Replies	Views	Last Post
	Which date to use? (Preview) I am a little confused regarding which date I need to use when inputting data into the system as some invoices have 2 dates on them e.g. Tax Point & Invoice date Sometimes both these dates fall in the same month therefore I guess this would not be such an issue - however, in some instances the invoice d...	NA_AA	3	1152	Mon Apr 2 22:57 2012 by Don Tax
	Working late (Preview) What are the rules around claiming for meals if you are in the office working late or early in the morning (e.g. 5am or 10pm) which are unsocial hours outside the normal working time?	NA_AA	1	1900	Mon Apr 2 22:28 2012 by gbm
	Question about transactions using both cash and something else (Preview) Hi. [Quick introduction: My name is Rob and I am almost completely new to bookkeeping and accounting, except that I am the sort of person who keeps decent financial records for my own benefit. I have decided to retrain into the accounting profession, specialising in bookkeeping, and am going to star...	Rob-f58049	15	2290	Mon Apr 2 14:05 2012 by Rob-f58049
	No receipts (Preview) How would you treat expenses for which you had no receipts for as they have been lost? Would you put them through the accounts? or not?	NA_AA	5	4709	Mon Apr 2 16:36 2012 by Blackmoreaccounts
	disposal of an asset after 2months of buying (Preview) Hi, Can you help me in recording the hammer drill which should be regarded as fixed assets as its is worth 299.99 (I mean purchase price was this). As it was used in construction site and broke up after 2month of use, how should I record it's disposal?do I need to depreciate it for 2months as it should be re...	Karolle_	5	1856	Mon Apr 2 05:02 2012 by Karolle_
	Royal Mail charges (Preview) So what is everybody going to do now that royal mail have decided to significantly increase postage costs, not that it wasn't expensive enough in the first place...	NA_AA	2	5057	Sun Apr 1 21:09 2012 by kjmcculloch83
	Totally new to Bookkeeping - plse bear with me! (Preview) Hello, Just joined this fab forum, so hello. I have just made the decision to quite my job after 2 yrs of maternity leave to set up my own bookkeeping business for sole traders and small businesses. My background is a business degree (which included some accounting) and 10yrs at IBM doing commercial ma...	Books11	1	4623	Sun Apr 1 02:25 2012 by Shamus
	Bad debts (Preview) How long would you usually wait before you decide a debt from a client will not be recovered before writing it off?	NA_AA	4	1358	Sat Mar 31 20:30 2012 by Wella
	April 5th, March 31st, VAT (Preview) I've asked this yesterday on the ICB forum but got no response so I thought I'd see if I had better luck on here. I should have gone with my gut instinct and asked on here first as I didn't think I'd get much luck on the other forum. I have a client that has been going for three years now. Their tax return has bee...	Peasie	6	1466	Sat Mar 31 20:22 2012 by Wella
	Ltd Companies and home office? (Preview) I have a client who runs a cafe, she is a director as it is a Ltd Company, she does her paperwork from home, can she claim the £3 per week for use of home office the same as a sole trader through her accounts?	Netty	1	2144	Sat Mar 31 16:53 2012 by gbm
	RE: Invoice payments -DESPERATE!!!!! (Preview) Richard231 wrote: That's how I'd do it. Open a new bank account, calling it 'X Ltd - Intercompany Loan Account'. Pay the invoice from this 'bank' account. When (if!) the money is returned to company X, you'll post it as a bank transfer from the (actual) Bank Account to this intercompany account. In com...	Rochie	1	2377	Fri Mar 30 19:42 2012 by Count1314
	Depreciation - Sage Instant accounts (Preview) Hi, At the end of the last financial year our office equipment had fully depreciated, so the Balance Sheet showed Office Equipment £3200 Office Equipment Depreciation £3200 In preparing this years accounts I see that Sage still shows these fig...	bjlabuk	2	2178	Fri Mar 30 17:59 2012 by bjlabuk
	Shares (Preview) Hello everybody, I have the following question in my practice and revision kit, I think that ther is a printing error and the question is not explained. I am really new to this, if you could please do it in the simplest way possible. Thank you very much. At 30/6/02 a company's capital structure was as fol...	BJA	2	1316	Fri Mar 30 02:29 2012 by BJA
	Invoice payments (Preview) I have posted an invoice to suppliers as the invoice is in the companies name. However the director has paid for this invoice from a seperate company. I suppose this now becomes a loan so how do I post on sage and clear the balance??	Rochie	7	3290	Fri Mar 30 01:20 2012 by Rochie
	Adjustment to first VAT return (Preview) Where would you show / allocate an adjustment in your first VAT return for pre-registration VAT being claimed?	NA_AA	1	6017	Thu Mar 29 23:00 2012 by gbm
	contra entry (Preview) hii, i owe a supplier £1055 and i ve already recorded it but i ve also posted a credit note of £ 165 wrongly to the account, so how can I post the right entries for that supplier. thanks	salman	0	5170	Thu Mar 29 00:28 2012 by salman
	vat return problem (Preview) A business has completed its vat return, which correctly shows an amount due to HMRC of £14,592. The last quarter's vat payment of £12,345 has been entered into the vat account on the wrong side. What is the uncorrected balance showing on the vat account? the answer is £39,282. can anyone please expla...	mk10018	2	5041	Thu Mar 29 04:52 2012 by VinceH
	credit sales and tax returns (Preview) hi all i'm working on a practice exam question and have a query about a part of it. Cash Receipts Book: Total: £5,092 / VAT £52 / Cash Sales £260 / Cash from debtors £4,780 The vat of £52 is 20% of cash sales of £260, and this is the amount i have to include in box 1 (along with other figures) in th...	mk10018	4	5781	Thu Mar 29 03:58 2012 by mk10018
	Foreign Exchange (Preview) Hi guys, We as a company recive cash payment for our product we do not invoice them for our sales they use an application form. Some customers pay either into our euro or dollar a/c. How do i post the exchange rate variance for reconciling purposes. Thanks in advace	Rochie	1	1334	Wed Mar 28 22:58 2012 by Rochie
	Investment Return (Preview) Hi guys, I have a product that gives a return. But when the return is due to be paid to the customer what posting do i do?	Rochie	2	5020	Wed Mar 28 22:30 2012 by Rochie
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