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

Sylvia · Sylvia

I have my first client meeting next week, exciting but scary! This is a partnership in a small rural manufacturing business and at present the accounts are on excel. I am told that they are good at keeping up to date, invoicing, checking the bank, chasing unpaid invoices but the business is growing. T...

betty · betty

Hi I was wondering if anyone could explain to me the process from when a puchase order is raised to when the supplier invoice is recieved and entered onto Sage. Does the PO number show in the supplier ledger or is it the supplier invoice number that shows? The process is probably very simple but for some r...

Georgie · Georgie

Hi everybody, Do you all back up your clients data each time you work on their books? Even if you use their software? I've always done it but my client didn't seem very happy with me doing it and now it's got me thinking. Georgie

betty · betty

Hi I am new here and was wondering if someone might be able to enlighten me? Theres probably a very simple answer. Could someone please explain to me as to why the turnover figure on my Aged Debtor Report is different from the Turnover figure on my Profit and Loss Report? Thank you

rigaconnect · rigaconnect

When you record received payment from customer do you at the same time mark (check) invoice (-s) that is (are) paid with the payment? Or periodically track which invoices are paid with each received payment? What software would be better for managing accounts payable? I mean to record in possible fa...

xantia743 · xantia743

I do the books for a driving instructor and he has recently started doing 5 lessons for £x. I understand that at the end of the financial year I will have to defer income for lessons not already undertaken but should I be doing this on a monthly basis. ie putting the income down as deferred then allocat...

Hana88 · Hana88

Hi, I have tried looking but can't seem to find the correct answer. My client has purchased a new car, trading in the old car, thus reducing the amount paid for the new car. Do I need to show the amount received for trading in the old car? If so, what would the double entry be? Thanks, Hannah

BJA · BJA

Good afternoon everybody.. I have this (for me) tricky question, that I don't seem to understand: A company manufactures and sells a single product. In two consecutive months the following levels of production and sales (in units) occured: Month 1 Month 2...

woody88 · woody88

I have been approached by a client who is employment by a well known construction firm who would like to claim back his mileage costs as he works away from home. He has worked on the current contract for 3 years on a rolling 3 month contract. I am aware of a 24 month rule on claiming mileage - but what I wanted...

kjmcculloch83 · kjmcculloch83

Has anyone taken part in any of the HMRC's webinars. I have signed up for a few over the coming weeks. Can't do any harm to find out what they're telling people now. If you don't know about them have a look here: http://www.hmrc.gov.uk/webinars/ Kris

sammy1 · sammy1

Hello, how would you calculate the adjustment for depreciation if a parent company own 80% of its subsidiary, subsidiary sold assets to parent for 2mil plus a mark up of 30%, and depreciation is 10%. I'm assuming initial depreciation was 200,000 but on consolidation I'm not sure what the depreciati...

rozt · rozt

Hi I have a company whose employees claim all their petrol through the company, they put in their petrol receipts for the month and get reimbursed. And the company are claiming the VAT. These are for private cars, there are no company cars. As fas as I was aware, the employees should be submitting mil...

rozt · rozt

Hi, question.. Does anyone know how you enter opening balances for suppliers in Quickbooks from the previous year? I know with sage there are two steps, one for the TB A/C's payable figure, and then entering the individual balances to suspense or something, then cancelling it out somehow, but I can...

rozt · rozt

Hi All Another question, if a personal pension is paid direct out of a company's bank account and not through payroll, how do I deal with that? Thanks in advance Roz

PawelLTD · PawelLTD

Hello All, I wonder how cash account working.I have following entries:1) buy a stock 500.00 GBP2) pay a rent 1000.00 GBP3) pay wages 1200.00 GBPSo finally I have 2700.00 negative balance on cash account.Can I top up cash account in some way ? For example easy transfer from bank account to cash account...

Jet · Jet

I understand there is no way to deal with foreign currency bank accounts and the various transactions in the version of Sage my potential new client has, apart from to convert all transactions. Is the correct way to do this to convert the payment / receipt at the transaction date back to sterling using...

BJA · BJA

Hello everybody, Got my CBE on Monday, my brain is ready to explode... Methods of Project appraisal - interest rates: Compound interest Equivalent rates of interest Non annual compounding Nominal rates Effective annual rate Annual percentage rate I am really having trouble distinguishing betw...

chrb8 · chrb8

Hi, The business I work for buys goods from the Netherlands reasonably regularly and until now I have had no problem putting these purchases through Sage - but I have confused myself now with the various tax codes. Some of these foreign suppliers are registered in the UK so charge us VAT - these I put t...

Palawan · Palawan

I use Quickbooks for a GP practice. Some GPs do extra, private work outside of the practice but are paid via the practice bank account. So, their private income is deposited into the practice account but is then immediately paid back out to their personal bank account. I have been depositing the mon...

rozt · rozt

Hi I'm doing the accounts for a Ltd company. There are several large payments going out each month to either sub contractors or employees with narratives such as 'Car allowance expenses' and Expenses. The expenses for the company have been put through a cash expenses account, and then any cash wit...

Topic		Started By	Replies	Views	Last Post
	Moving from Excel (Preview) I have my first client meeting next week, exciting but scary! This is a partnership in a small rural manufacturing business and at present the accounts are on excel. I am told that they are good at keeping up to date, invoicing, checking the bank, chasing unpaid invoices but the business is growing. T...	Sylvia	9	4076	Thu Mar 15 17:33 2012 by CliftonFinancial
	Purchase Order process in Sage (Preview) Hi I was wondering if anyone could explain to me the process from when a puchase order is raised to when the supplier invoice is recieved and entered onto Sage. Does the PO number show in the supplier ledger or is it the supplier invoice number that shows? The process is probably very simple but for some r...	betty	2	1375	Thu Mar 15 21:39 2012 by betty
	Backing up data (Preview) Hi everybody, Do you all back up your clients data each time you work on their books? Even if you use their software? I've always done it but my client didn't seem very happy with me doing it and now it's got me thinking. Georgie	Georgie	11	1575	Tue Mar 13 23:10 2012 by Georgie
	Aged Debtor Balances and the P&L (Preview) Hi I am new here and was wondering if someone might be able to enlighten me? Theres probably a very simple answer. Could someone please explain to me as to why the turnover figure on my Aged Debtor Report is different from the Turnover figure on my Profit and Loss Report? Thank you	betty	4	4676	Tue Mar 13 22:59 2012 by betty
	How do you record payments from customers? (Preview) When you record received payment from customer do you at the same time mark (check) invoice (-s) that is (are) paid with the payment? Or periodically track which invoices are paid with each received payment? What software would be better for managing accounts payable? I mean to record in possible fa...	rigaconnect	1	992	Mon Mar 12 23:53 2012 by Blackmoreaccounts
	Deferred income quick query (Preview) I do the books for a driving instructor and he has recently started doing 5 lessons for £x. I understand that at the end of the financial year I will have to defer income for lessons not already undertaken but should I be doing this on a monthly basis. ie putting the income down as deferred then allocat...	xantia743	2	1183	Mon Mar 12 18:52 2012 by xantia743
	Purchase of new car (Preview) Hi, I have tried looking but can't seem to find the correct answer. My client has purchased a new car, trading in the old car, thus reducing the amount paid for the new car. Do I need to show the amount received for trading in the old car? If so, what would the double entry be? Thanks, Hannah	Hana88	1	2026	Mon Mar 12 00:59 2012 by Rhianrach
	Absorption and marginal costing - Help pls - extra info (Preview) Good afternoon everybody.. I have this (for me) tricky question, that I don't seem to understand: A company manufactures and sells a single product. In two consecutive months the following levels of production and sales (in units) occured: Month 1 Month 2...	BJA	4	5709	Sun Mar 11 04:16 2012 by BJA
	Claiming mileage costs as an employee (Preview) I have been approached by a client who is employment by a well known construction firm who would like to claim back his mileage costs as he works away from home. He has worked on the current contract for 3 years on a rolling 3 month contract. I am aware of a 24 month rule on claiming mileage - but what I wanted...	woody88	2	1312	Sat Mar 10 21:02 2012 by woody88
	HMRC Webinars (Preview) Has anyone taken part in any of the HMRC's webinars. I have signed up for a few over the coming weeks. Can't do any harm to find out what they're telling people now. If you don't know about them have a look here: http://www.hmrc.gov.uk/webinars/ Kris	kjmcculloch83	9	4124	Sat Mar 10 20:36 2012 by Sweetpea
	Consolidated income statements consolidation (Preview) Hello, how would you calculate the adjustment for depreciation if a parent company own 80% of its subsidiary, subsidiary sold assets to parent for 2mil plus a mark up of 30%, and depreciation is 10%. I'm assuming initial depreciation was 200,000 but on consolidation I'm not sure what the depreciati...	sammy1	2	6613	Sat Mar 10 19:20 2012 by sammy1
	Petrol Payments (Preview) Hi I have a company whose employees claim all their petrol through the company, they put in their petrol receipts for the month and get reimbursed. And the company are claiming the VAT. These are for private cars, there are no company cars. As fas as I was aware, the employees should be submitting mil...	rozt	2	1687	Fri Mar 9 22:32 2012 by rozt
	Opening balances in Quickbooks (Preview) Hi, question.. Does anyone know how you enter opening balances for suppliers in Quickbooks from the previous year? I know with sage there are two steps, one for the TB A/C's payable figure, and then entering the individual balances to suspense or something, then cancelling it out somehow, but I can...	rozt	1	2066	Fri Mar 9 03:08 2012 by Denise
	Directors Drawings (Preview) Hi All Another question, if a personal pension is paid direct out of a company's bank account and not through payroll, how do I deal with that? Thanks in advance Roz	rozt	4	1648	Thu Mar 8 19:25 2012 by rozt
	Simple question about cash account PLEASE HELP !!! (Preview) Hello All, I wonder how cash account working.I have following entries:1) buy a stock 500.00 GBP2) pay a rent 1000.00 GBP3) pay wages 1200.00 GBPSo finally I have 2700.00 negative balance on cash account.Can I top up cash account in some way ? For example easy transfer from bank account to cash account...	PawelLTD	3	1405	Thu Mar 8 06:41 2012 by Andy_L75
	Foreign currency bank accounts (Preview) I understand there is no way to deal with foreign currency bank accounts and the various transactions in the version of Sage my potential new client has, apart from to convert all transactions. Is the correct way to do this to convert the payment / receipt at the transaction date back to sterling using...	Jet	0	1211	Wed Mar 7 18:38 2012 by Jet
	Project appraisal methods - F2 ACCA (Preview) Hello everybody, Got my CBE on Monday, my brain is ready to explode... Methods of Project appraisal - interest rates: Compound interest Equivalent rates of interest Non annual compounding Nominal rates Effective annual rate Annual percentage rate I am really having trouble distinguishing betw...	BJA	1	2749	Thu Mar 8 00:27 2012 by Shamus
	Purchases from the EU (Preview) Hi, The business I work for buys goods from the Netherlands reasonably regularly and until now I have had no problem putting these purchases through Sage - but I have confused myself now with the various tax codes. Some of these foreign suppliers are registered in the UK so charge us VAT - these I put t...	chrb8	8	7776	Tue Mar 6 16:56 2012 by chrb8
	Income/Expense account. (Preview) I use Quickbooks for a GP practice. Some GPs do extra, private work outside of the practice but are paid via the practice bank account. So, their private income is deposited into the practice account but is then immediately paid back out to their personal bank account. I have been depositing the mon...	Palawan	1	954	Tue Mar 6 11:47 2012 by Lo
	Employee Loans and Adhoc payment (Preview) Hi I'm doing the accounts for a Ltd company. There are several large payments going out each month to either sub contractors or employees with narratives such as 'Car allowance expenses' and Expenses. The expenses for the company have been put through a cash expenses account, and then any cash wit...	rozt	3	1205	Tue Mar 6 06:44 2012 by rozt
«First < 1 … 163 164 165 166 167 … 257 > Last» \| Page of 257 sorted by