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

Koonstheman · Koonstheman

Greetings. I am not familiar with UK revenue recognition rules, and would much appreciate if someone could send me a useful link(s). Here is an example of what I need to research. In the United States, I had to comply by rules that forced me to hold back revenue if a product was not fully implemented by a c...

NA_AA · NA_AA

A client is claiming for Road Tax as an expense - is this allowable...? I would think not....

PW1980 · PW1980

Good Morning, My Client is based on Cash Accounting in Sage and from the 01/10/11, has starting factoring their sales invoices via Lloyds commercial Finance. As per users help on this site, I set the Factoring company up as a separate bank account in sage. When client receives money from factorin...

NA_AA · NA_AA

Is a car parking charge an allowable expense

buddy · buddy

Hi Im having a bit of a brain wobble, can you help. I have received an invoice 16/12/2011 for business rates for the period december 2011 to march 2012. No payment has been made yet and wont be till middle of feb. I have entered it into the supplier account to the rates code on sage but wanted to show th...

NA_AA · NA_AA

Please cn somebody tell me how I can add an opening balance to a bank account in quickbooks? - When setting up the company in QB initally, forgot to do this therefore do not reconcile

Aleksandra · Aleksandra

Hi, Does anyone use Kashflow? If yes, have you ever experienced problems with entering debtors/creditors opening balances when using VAT cash scheme? If yes, how do you usually deal with it? Thanks a lot

PW1980 · PW1980

Good Morning, Client has just started to Factor their invoices through Lloyds TSB. Client has set me up so that I can log onto the Cash Connect site [where the reports etc are show] so that I can work out who's paid what. I've just logged in and not finding it all that easy to navigate around the site. Has an...

Zigs · Zigs

Hi All I was wondering if anyone qualified with ACCA is registered as an employer? i am currently doing some work experience towards my practising certificate however this may be possibly coming to an end. I was wondering if anyone offers any work on a subcontractor basis which can be counted toward...

Barry57 · Barry57

Does anyone please know where I can get a template for a contract to give to my bookkeeping clients for my services supplied to them. I am just in the process of setting up my business i.e. registering for MLR and obtaining insurances.

big_chief_hutch · big_chief_hutch

Hi all, I'm new to the forum so please be gentle! I am doing books for a small home based floristry business. The owner purchases (apart from flowers!) other sundry items suchs as beads / floral sprays, holders, etc which are incorporated into bouquets, etc. for selling. She has provided opening sto...

Rhianrach · Rhianrach

Amongst other things, one of the things I have noticed in my new job is invoices have been put on in previous years that shouldn't of been there. The most prominent is a rates invoice that was entered on the system 2 years ago, the business then got 100% relief, the paper work was sent through (so it should...

NA_AA · NA_AA

If a soletrader works under cis for another contractor - how would this income need to be treated in the sole-trader accounts? Should it just be treated as a normal income? or would there need to be other adjustments need to be made

NA_AA · NA_AA

How would you treat debt in the accounts, which has been passed from the supplier to a debt collecting agency?

Amanda · Amanda

Hi Everyone, I am thinking about what I may need to do this year to ease the workload. I don't want to rent offices as where I am they are very expensive and don't want to be too far away from home as our youngest still needs collecting from sch, hence why I favour working from home. I have thought about subb...

Rhianrach · Rhianrach

If you buy equipment for your business, does it have to be shown as a fixed asset and depreciated, or can it be put straight through as an expense? If put through as an expense would it affect how you pay tax on it?

Amanda · Amanda

HI, I have a client who owed some money to a supplier but was in dispute with them over faulty goods that he had to go back and change and refit them. He made a claim to the supplier and invoiced them accordingly. After a few months they agreed with his claim and said to deduct it of the money owed so in affec...

chrb8 · chrb8

Hi, I have come across a problem which has totally stumped me and I hope someone here can help. I have to post payments for our energy bills, but the way in which the provider sends the bills confuses the matter - they take a monthly direct debit payment and then send a VAT invoice every six months. Up until...

Ridesy · Ridesy

Hi, Hoping some experienced Bookkeepers may be able to help We have a small business run from home and do our own bookkeeping, which in general is fine, but we have just reached the point of needing to register with HMRC as a new employer to allow us to finally pay some basic salaries and hopefully bo...

willpower · willpower

Hi, We have recently started a new business from 2 Jan 2012 and I am still in the process of learning bookkeeping. Someone will be doing the books but I wanted to keep abreast with how it will all be done. If there were start up costs or purchase invoices dated say in oct 2011 and paid for in nov 2011 ie bef...

Topic		Started By	Replies	Views	Last Post
	Revenue recognition rules (Preview) Greetings. I am not familiar with UK revenue recognition rules, and would much appreciate if someone could send me a useful link(s). Here is an example of what I need to research. In the United States, I had to comply by rules that forced me to hold back revenue if a product was not fully implemented by a c...	Koonstheman	1	5916	Thu Feb 2 00:13 2012 by Shamus
	Road tax (Preview) A client is claiming for Road Tax as an expense - is this allowable...? I would think not....	NA_AA	6	1308	Wed Feb 1 21:56 2012 by Andy_L75
	VAT Return & Invoice Factoring (Preview) Good Morning, My Client is based on Cash Accounting in Sage and from the 01/10/11, has starting factoring their sales invoices via Lloyds commercial Finance. As per users help on this site, I set the Factoring company up as a separate bank account in sage. When client receives money from factorin...	PW1980	4	2135	Wed Feb 1 21:32 2012 by Avimyboy
	Car Parking charge (Preview) Is a car parking charge an allowable expense	NA_AA	17	2133	Wed Feb 1 19:16 2012 by Stardoe
	Accruals and prepayments (Preview) Hi Im having a bit of a brain wobble, can you help. I have received an invoice 16/12/2011 for business rates for the period december 2011 to march 2012. No payment has been made yet and wont be till middle of feb. I have entered it into the supplier account to the rates code on sage but wanted to show th...	buddy	4	3945	Wed Feb 1 07:13 2012 by buddy
	Urgent help needed to add OB in QB (Preview) Please cn somebody tell me how I can add an opening balance to a bank account in quickbooks? - When setting up the company in QB initally, forgot to do this therefore do not reconcile	NA_AA	1	1420	Wed Feb 1 04:16 2012 by Stardoe
	Opening Balances in Kashflow (Preview) Hi, Does anyone use Kashflow? If yes, have you ever experienced problems with entering debtors/creditors opening balances when using VAT cash scheme? If yes, how do you usually deal with it? Thanks a lot	Aleksandra	6	2404	Wed Feb 1 03:03 2012 by cathyR
	Lloyds TSB Commerical Finance - Cash Connect (Preview) Good Morning, Client has just started to Factor their invoices through Lloyds TSB. Client has set me up so that I can log onto the Cash Connect site [where the reports etc are show] so that I can work out who's paid what. I've just logged in and not finding it all that easy to navigate around the site. Has an...	PW1980	1	10980	Tue Jan 31 18:37 2012 by AngelaWBS
	Practising Cert (Preview) Hi All I was wondering if anyone qualified with ACCA is registered as an employer? i am currently doing some work experience towards my practising certificate however this may be possibly coming to an end. I was wondering if anyone offers any work on a subcontractor basis which can be counted toward...	Zigs	0	797	Mon Jan 30 21:28 2012 by Zigs
	Contract to give to my Bookkeeping clients (Preview) Does anyone please know where I can get a template for a contract to give to my bookkeeping clients for my services supplied to them. I am just in the process of setting up my business i.e. registering for MLR and obtaining insurances.	Barry57	1	4784	Tue Jan 31 00:00 2012 by Shamus
	Stock items - expense / asset STOCK (Preview) Hi all, I'm new to the forum so please be gentle! I am doing books for a small home based floristry business. The owner purchases (apart from flowers!) other sundry items suchs as beads / floral sprays, holders, etc which are incorporated into bouquets, etc. for selling. She has provided opening sto...	big_chief_hutch	5	9655	Mon Jan 30 19:29 2012 by big_chief_hutch
	Old balances (Preview) Amongst other things, one of the things I have noticed in my new job is invoices have been put on in previous years that shouldn't of been there. The most prominent is a rates invoice that was entered on the system 2 years ago, the business then got 100% relief, the paper work was sent through (so it should...	Rhianrach	6	1086	Mon Jan 30 04:48 2012 by Rhianrach
	Sole trader working under cis (Preview) If a soletrader works under cis for another contractor - how would this income need to be treated in the sole-trader accounts? Should it just be treated as a normal income? or would there need to be other adjustments need to be made	NA_AA	13	1693	Sat Jan 28 21:49 2012 by RobRJBS
	Treatment of Debt (Preview) How would you treat debt in the accounts, which has been passed from the supplier to a debt collecting agency?	NA_AA	2	1053	Sat Jan 28 07:34 2012 by NA_AA
	Subcontracting work out and Software to use (Preview) Hi Everyone, I am thinking about what I may need to do this year to ease the workload. I don't want to rent offices as where I am they are very expensive and don't want to be too far away from home as our youngest still needs collecting from sch, hence why I favour working from home. I have thought about subb...	Amanda	12	1014	Sat Jan 28 02:00 2012 by ES
	Equipment (Preview) If you buy equipment for your business, does it have to be shown as a fixed asset and depreciated, or can it be put straight through as an expense? If put through as an expense would it affect how you pay tax on it?	Rhianrach	6	1273	Fri Jan 27 05:29 2012 by Rhianrach
	Invoiced contra'd against supplier invoices (Preview) HI, I have a client who owed some money to a supplier but was in dispute with them over faulty goods that he had to go back and change and refit them. He made a claim to the supplier and invoiced them accordingly. After a few months they agreed with his claim and said to deduct it of the money owed so in affec...	Amanda	5	4346	Fri Jan 27 05:22 2012 by Amanda
	How to deal with VAT on a 6-monthly energy bill (Preview) Hi, I have come across a problem which has totally stumped me and I hope someone here can help. I have to post payments for our energy bills, but the way in which the provider sends the bills confuses the matter - they take a monthly direct debit payment and then send a VAT invoice every six months. Up until...	chrb8	12	2220	Fri Jan 27 03:49 2012 by Stardoe
	Which nominal codes for Payroll items (NI, PAYE etc) (Preview) Hi, Hoping some experienced Bookkeepers may be able to help We have a small business run from home and do our own bookkeeping, which in general is fine, but we have just reached the point of needing to register with HMRC as a new employer to allow us to finally pay some basic salaries and hopefully bo...	Ridesy	13	15941	Fri Jan 27 03:03 2012 by rigaconnect
	Basic Questions! (Preview) Hi, We have recently started a new business from 2 Jan 2012 and I am still in the process of learning bookkeeping. Someone will be doing the books but I wanted to keep abreast with how it will all be done. If there were start up costs or purchase invoices dated say in oct 2011 and paid for in nov 2011 ie bef...	willpower	3	957	Thu Jan 26 22:49 2012 by Alfred
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