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

mk10018 · mk10018

Hi, i'm working on a cash budget past exam paper and i don't know why the answer in the "bank loan interest" column for each of the 3 months (july, aug, sep) is £86. Could anyone please tell me how £86 is calculated? thanks very much. A bank loan of £12,960 has been negotiated and this will be p...

Rochie · Rochie

Hi guys, I have received an invoice from a sales person for their commission payment which I will post accordingly. However they have asked that their payment be off set against a purchase that they will be making in the future. What do I do?

darcyfi · darcyfi

Hi all, I have been shown to how to most of the basic accounts for our company. The real book keeper visits every 3 months to make sure everything is ok. I am a little stuck and my query is: last time the bookeeper was in she deducted the remaining amount from an invoice so she could reconcile the bank stat...

Little Miss Sunshine · Little Miss Sunshine

Hi can anyone help! I have just completed my bookkeeping studies and a friend who is starting a plumbling business has asked me to do her accounts. (This will be my first client). I don't have a computer software package as yet, expect for excell. Would this be sufficient to input her accounts? ...

redruu · redruu

I need to set up a nominal code for "give as you earn" Can some one explain this to me. Also Gas bottle for heating. Would that one come under overheads? Please anyone out there can help me.

Blackmoreaccounts · Blackmoreaccounts

It might sound a stupid question but I'm unsure. I keep seeing people refer to roles like Credit Controller, Accounts Assistant etc as good stepping stones to becoming a bookkeeper. At what point can you be called a bookkeeper. My official title is 'Accounts Assistant'. My role includes Bank recs...

beckyboo · beckyboo

HI Everyone, I am getting a bit confused over the whole wage journal thing and how it is displayed on the bank screen. The original wage journal i did:Gross wages 7000 D £3233.00Employers NI 7006 D £364.73NI 2211 C £680.33PAYE 2210 C £521.80 Net Wages C £2395.60Totals: Debits £3597.73Totals: Credi...

beckyboo · beckyboo

Hi Everyone, After you have posted a wage journal how do you allocate the payment off so it shows on the bank screen as being paid? Stupid question i know. Thank you very much Bex

Amanda · Amanda

Hi Everyone, Wondering if anyone can help me on this matter. I have a friend who is about to go into partnership with someone and they asked me if they should set up as a Ltd company? My thoughts were they should start out as a Ltd co, with them both being equal Directors. They are both putting the same am...

Dove Tree Services · Dove Tree Services

Hello all, happy valentines day! Some advice please... A sole trader buys a property, spends money improving it through refurbishment and sells for a profit (hopefully). Would you class all outgoings as capital expenditure? For example builder's invoices, materials as these are improving...

sally-anne · sally-anne

I have seen on the AAT website Acca results are out from December exams, did you pass yours Shaun? I have been looking at past papers, would really like to do this as my next qualification, I see there is an FIA qualfication would it be best to do this one first. Kind Regards. Sue

Aleksandra · Aleksandra

Hi, My new potential client formed a ltd last year. She has only one customer, which she invoices every month and gets money onto her private bank account (approx £1500 a month) which she then spends on shopping, bills etc - personal expenses. Ltd is not registered as an employer, no payroll in place,...

beckyb · beckyb

Hiya For a company car is it mileage claim that is submitted or petrol reciepts? should insurance be paid for directly by the company? Can directors or employees partners be put on the company car insurance?? thanks guys

-- Edited by beckyb on Monday 13th of February 2012 12:03:04 AM

Zigs · Zigs

Does anyone know what charge is acceptable for use of home as business use, without their being any implications for CGT. A client is using their home to run their business and their previous accountant totalled all gas/elec/mortgage etc and charged a percentage of it to business expenses, howev...

jenand · jenand

Hi, How oftern should the exchange rate (Euro or USD) be update? The last time we changed our was almost a year ago! It is currently set to 1.15. This rate is used for all sales and purchases (except the purchase of one particular item that is always over £250K). We do use the HMRC rate for the bank char...

Blackmoreaccounts · Blackmoreaccounts

Hi all, I'm trying to attract the ellusive first client. I currently work full time, do i need to register as self employed as well? Thanks

ridgey22 · ridgey22

Hi I'm just starting out with my business and try to get it off the ground (as previously stated in my first post) by sending out letters to get interest from possible clients/accountants. Do any of you have a copy of such letter? Any advice would be gratefully received. Many thanks

Elzbieta · Elzbieta

I have recently purchased some stationery on amazon.com for my freelance purposes and I have received Order Summary, which include details such as my address, name of the item and price, but does not include VAT information. Do I need proper VAT invoice for my future Self Assessment purposes or Orde...

Lisa68 · Lisa68

Hi everyone, I was wondering if anyone uses a mailing list company from the internet, I am just starting out and I want to target smaller companies like hairdressers, beauticians, delicatessen's, florists etc but I am thinking it will be better to approach them in a more friendlier manner i.e addres...

beckyb · beckyb

Hi all Can you talk me through how u would process directors expenses in sage My dilema is that they don't want to be 'suppliers' on sage and they want there directors dividend 'bank accounts' (on sage) to show a defecit for the amount of there expenses at the end of the year..but they still want paying...

Topic		Started By	Replies	Views	Last Post
	cash budget problem (Preview) Hi, i'm working on a cash budget past exam paper and i don't know why the answer in the "bank loan interest" column for each of the 3 months (july, aug, sep) is £86. Could anyone please tell me how £86 is calculated? thanks very much. A bank loan of £12,960 has been negotiated and this will be p...	mk10018	11	1926	Fri Feb 17 21:32 2012 by Spamkebab
	Postings (Preview) Hi guys, I have received an invoice from a sales person for their commission payment which I will post accordingly. However they have asked that their payment be off set against a purchase that they will be making in the future. What do I do?	Rochie	4	1527	Fri Feb 17 21:08 2012 by Rochie
	deducting/discounting from a customers acc (Preview) Hi all, I have been shown to how to most of the basic accounts for our company. The real book keeper visits every 3 months to make sure everything is ok. I am a little stuck and my query is: last time the bookeeper was in she deducted the remaining amount from an invoice so she could reconcile the bank stat...	darcyfi	0	728	Thu Feb 16 22:38 2012 by darcyfi
	excell bookkeeping (Preview) Hi can anyone help! I have just completed my bookkeeping studies and a friend who is starting a plumbling business has asked me to do her accounts. (This will be my first client). I don't have a computer software package as yet, expect for excell. Would this be sufficient to input her accounts? ...	Little Miss Sunshine	9	3387	Thu Feb 16 22:47 2012 by Dangermouse
	HELP with a couple of nominal codes (Preview) I need to set up a nominal code for "give as you earn" Can some one explain this to me. Also Gas bottle for heating. Would that one come under overheads? Please anyone out there can help me.	redruu	0	1004	Thu Feb 16 02:15 2012 by redruu
	Am I a bookkeeper?? (Preview) It might sound a stupid question but I'm unsure. I keep seeing people refer to roles like Credit Controller, Accounts Assistant etc as good stepping stones to becoming a bookkeeper. At what point can you be called a bookkeeper. My official title is 'Accounts Assistant'. My role includes Bank recs...	Blackmoreaccounts	9	2831	Thu Feb 16 03:13 2012 by ICBUK
	Wage journals (Preview) HI Everyone, I am getting a bit confused over the whole wage journal thing and how it is displayed on the bank screen. The original wage journal i did:Gross wages 7000 D £3233.00Employers NI 7006 D £364.73NI 2211 C £680.33PAYE 2210 C £521.80 Net Wages C £2395.60Totals: Debits £3597.73Totals: Credi...	beckyboo	2	1746	Thu Feb 16 00:46 2012 by Karl-GMR
	After posting a wage journal (Preview) Hi Everyone, After you have posted a wage journal how do you allocate the payment off so it shows on the bank screen as being paid? Stupid question i know. Thank you very much Bex	beckyboo	5	1329	Thu Feb 16 00:42 2012 by Rhianrach
	Partnership, should it be a Limited Company? (Preview) Hi Everyone, Wondering if anyone can help me on this matter. I have a friend who is about to go into partnership with someone and they asked me if they should set up as a Ltd company? My thoughts were they should start out as a Ltd co, with them both being equal Directors. They are both putting the same am...	Amanda	3	1148	Wed Feb 15 19:16 2012 by Amanda
	Property Improvements - Would you capitalise? (Preview) Hello all, happy valentines day! Some advice please... A sole trader buys a property, spends money improving it through refurbishment and sells for a profit (hopefully). Would you class all outgoings as capital expenditure? For example builder's invoices, materials as these are improving...	Dove Tree Services	2	1474	Wed Feb 15 17:19 2012 by Dove Tree Services
	Acca (Shaun) (Preview) I have seen on the AAT website Acca results are out from December exams, did you pass yours Shaun? I have been looking at past papers, would really like to do this as my next qualification, I see there is an FIA qualfication would it be best to do this one first. Kind Regards. Sue	sally-anne	6	1884	Wed Feb 15 14:20 2012 by Spamkebab
	What's the best option, I need your opinion... (Preview) Hi, My new potential client formed a ltd last year. She has only one customer, which she invoices every month and gets money onto her private bank account (approx £1500 a month) which she then spends on shopping, bills etc - personal expenses. Ltd is not registered as an employer, no payroll in place,...	Aleksandra	22	1533	Wed Feb 15 06:22 2012 by Aleksandra
	Company Car - any thoughts please add :-) (Preview) Hiya For a company car is it mileage claim that is submitted or petrol reciepts? should insurance be paid for directly by the company? Can directors or employees partners be put on the company car insurance?? thanks guys -- Edited by beckyb on Monday 13th of February 2012 12:03:04 AM	beckyb	8	3035	Tue Feb 14 22:02 2012 by gbm
	Use of home for business (Preview) Does anyone know what charge is acceptable for use of home as business use, without their being any implications for CGT. A client is using their home to run their business and their previous accountant totalled all gas/elec/mortgage etc and charged a percentage of it to business expenses, howev...	Zigs	6	1339	Tue Feb 14 21:35 2012 by gbm
	How often should you update the Euro exchange rate in Sage? (Preview) Hi, How oftern should the exchange rate (Euro or USD) be update? The last time we changed our was almost a year ago! It is currently set to 1.15. This rate is used for all sales and purchases (except the purchase of one particular item that is always over £250K). We do use the HMRC rate for the bank char...	jenand	1	1436	Tue Feb 14 21:08 2012 by gbm
	Registering as Self Employed? (Preview) Hi all, I'm trying to attract the ellusive first client. I currently work full time, do i need to register as self employed as well? Thanks	Blackmoreaccounts	5	1022	Tue Feb 14 03:59 2012 by Blackmoreaccounts
	Letter of introduction (Preview) Hi I'm just starting out with my business and try to get it off the ground (as previously stated in my first post) by sending out letters to get interest from possible clients/accountants. Do any of you have a copy of such letter? Any advice would be gratefully received. Many thanks	ridgey22	13	3762	Tue Feb 14 03:18 2012 by Dangermouse
	Freelancer Purchasing on Amazon (Preview) I have recently purchased some stationery on amazon.com for my freelance purposes and I have received Order Summary, which include details such as my address, name of the item and price, but does not include VAT information. Do I need proper VAT invoice for my future Self Assessment purposes or Orde...	Elzbieta	2	895	Mon Feb 13 23:43 2012 by Elzbieta
	New bookkeeping customers. (Preview) Hi everyone, I was wondering if anyone uses a mailing list company from the internet, I am just starting out and I want to target smaller companies like hairdressers, beauticians, delicatessen's, florists etc but I am thinking it will be better to approach them in a more friendlier manner i.e addres...	Lisa68	8	2363	Mon Feb 13 23:15 2012 by Dangermouse
	entering Directors expenses in Sage - realy need u feedback please help :-) (Preview) Hi all Can you talk me through how u would process directors expenses in sage My dilema is that they don't want to be 'suppliers' on sage and they want there directors dividend 'bank accounts' (on sage) to show a defecit for the amount of there expenses at the end of the year..but they still want paying...	beckyb	6	4952	Mon Feb 13 19:48 2012 by beckyb
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