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

LKH1982 · LKH1982

Hi, I have recently started a new role as bookkeeper at my company. I've completed a couple of online Sage courses but that's about it, so I'm muddling through most of the time. I wonder if someone could help me with a query. My employers have purchased some bottles of wine as Christmas gifts for cli...

Kirst88 · Kirst88

Hi I have a car which is bought through hire purchase and is used fully for business purpose how would i treat this within the profit and loss and tax return? Can I claim the full amount or is it only the interest? Thanks Kirsteen

NA_AA · NA_AA

Which do you think is better software for ease of use? Also which software is easier to use from a Payroll perspective?

Maya · Maya

Please could anyone help! I have no one to ask except here! I'm studying wothout a tutor and I'm stuck and frustrated

Please could someone guide me Question is: depreciation is to be charged for December in the following amount: Plant and Machinery Cr 500 Office Equipment Dr 300 ...

Amanda · Amanda

Hi Everyone, I am using Sage instants V12, and I have a client who pays an agent commission to sell his products. What nom code do I post the commission too? The agent invoices my client in the usual way and then by client pays by bank trans. Nothing complicated but just can't get my head round where to po...

Maya · Maya

Hello Please can anyone help! I'm stuck and confused

I need to enter supplier cheque to the purchase ledger (Supplyier Payment - Bank Current Accout). What I dont understand is how to allocate "one cheque less than the total amount of the two invoices?" For example: chequ...

Zigs · Zigs

Hi I was wondering if anyone has prepared any accounts as an honorary reporting accountant, if so did you include an accountants report? Thanks

Zigs · Zigs

Hi im doing some company accounts,im sorry but minds just gone blank, directors taken out dividends, and some money which they initially introduced in the buiness, so if for eg, income is 25,000 including capital introduced of 3500 which has been taken out, am i right to show 25000 and the 3500 which w...

KAZ · KAZ

How much would you expect to pay a liquidator for liquidating a small business with 3 creditors - bank, landlord and rates.Have been quoted £6k for one of my clients but it seems an awful lot.

chatcat · chatcat

Hi everyone, Can anyone advise as to what value I should place on some faulty goods awaiting return to the manufacturer at the time of the end-of-year stocktake (the first I've ever done)? In one sense they are worthless - they don't work. In another sense they have a value; the manufacturers will, we h...

SuzanneD · SuzanneD

Need some advice please. I have an opening trial balance in Sage Line 50 which includes a figure for prepayments (£100 dr) and accruals (£3,500 cr). I need to reverse these opening balances, but am confused, and don't want to input the wrong figures. The accrual referes to accontancy fees and the pre...

HumanShale · HumanShale

Hello everyone. I'm new to this forum and currently studying AAT level 4. If you guys could help me with this question, I'd appreciate it. If the directors of a company buy items for use by the business with personal cards: 1.) How would I get this spending into the accounts in a normal double entr...

Sammy76 · Sammy76

Back story: I was looking through facebook at messages as I realised there were outstanding messages I never received, and one was from a lady back in July saying she was looking for someone to help with her accounts. I was mortified, and realised she was likely to have found someone, but thought I woul...

lots to learn · lots to learn

Hi I hope somebody can clarify something for me. Having always done manual accounts. When producing a profit and loss I have always adjusted expenses for personal use before including on the P & L. However, I am now using a computerised programme and I noticed that it includes the full amount in th...

Rochie · Rochie

Hi, I work for a non VAT registerd company therefore there are no quarterly VAT returns. Do you still need to apply preapyments and accruals if so when. Do you do it at the end of the financial year or every month. Thanks in advance

Nimac · Nimac

Hello My client has an ex-employee who has won an unfair dismissal claim and a settlement has been paid. I have been looking through the n/c's and none seem applicable. Can anyone suggest a nominal code. Many thanks.

NA_AA · NA_AA

Hi, Can somebody please advise me how you would have to treat the cost of a gym membership paid by the business? Note that the cost of the gym membership also allows free 24 hour parking for the person which allows access to the place of work? Also, should the gym membership be taken on the business nam...

Maya · Maya

Hello My name is May. I'm new to the Forum. Please could someone help? Im posting invoices and credit notes to the purchase ledger. What I dont undertand is that that these invoices and credit notes have an "Amount Gross" on them (rather than the normal Price (inc VAT). Does this mea...

Kate1 · Kate1

Hi, Hoping someone can help clarify for me - I prepare the accounts (profit/loss and balance sheet) for a self employed soletrader. Am I to put through payments into the business accounts that the owner has made for National Insurance and tax payments? Or are these payments to go through as drawin...

Zigs · Zigs

Hi Guys A quick question guys, if an ACCA member who doesnt hold a practising cert works for a accountants firm who are unqualified(QBE) can the ACCA member sign the accounts as their capacity as an employee Thanks

Topic		Started By	Replies	Views	Last Post
	Help for a newbie please! (Preview) Hi, I have recently started a new role as bookkeeper at my company. I've completed a couple of online Sage courses but that's about it, so I'm muddling through most of the time. I wonder if someone could help me with a query. My employers have purchased some bottles of wine as Christmas gifts for cli...	LKH1982	1	3467	Wed Dec 21 13:38 2011 by Shamus
	How to treat hire purchase cars for self employed (Preview) Hi I have a car which is bought through hire purchase and is used fully for business purpose how would i treat this within the profit and loss and tax return? Can I claim the full amount or is it only the interest? Thanks Kirsteen	Kirst88	1	1644	Tue Dec 20 16:36 2011 by gbm
	Sage v QB (Preview) Which do you think is better software for ease of use? Also which software is easier to use from a Payroll perspective?	NA_AA	16	2906	Tue Dec 20 13:41 2011 by mushroom
	Depreciation (Preview) Please could anyone help! I have no one to ask except here! I'm studying wothout a tutor and I'm stuck and frustrated Please could someone guide me Question is: depreciation is to be charged for December in the following amount: Plant and Machinery Cr 500 Office Equipment Dr 300 ...	Maya	2	2605	Tue Dec 20 13:15 2011 by Maya
	Commission paid in SAGE what nomimal code? (Preview) Hi Everyone, I am using Sage instants V12, and I have a client who pays an agent commission to sell his products. What nom code do I post the commission too? The agent invoices my client in the usual way and then by client pays by bank trans. Nothing complicated but just can't get my head round where to po...	Amanda	3	8381	Tue Dec 20 11:34 2011 by fabs79
	Supplier cheques (Preview) Hello Please can anyone help! I'm stuck and confused I need to enter supplier cheque to the purchase ledger (Supplyier Payment - Bank Current Accout). What I dont understand is how to allocate "one cheque less than the total amount of the two invoices?" For example: chequ...	Maya	4	1250	Mon Dec 19 22:15 2011 by Maya
	Honorary Reporting Accountant (Preview) Hi I was wondering if anyone has prepared any accounts as an honorary reporting accountant, if so did you include an accountants report? Thanks	Zigs	8	2619	Mon Dec 19 15:46 2011 by Zigs
	capital introduced (Preview) Hi im doing some company accounts,im sorry but minds just gone blank, directors taken out dividends, and some money which they initially introduced in the buiness, so if for eg, income is 25,000 including capital introduced of 3500 which has been taken out, am i right to show 25000 and the 3500 which w...	Zigs	1	2215	Mon Dec 19 14:02 2011 by Robert Pearce
	Small business liquidation (Preview) How much would you expect to pay a liquidator for liquidating a small business with 3 creditors - bank, landlord and rates.Have been quoted £6k for one of my clients but it seems an awful lot.	KAZ	6	1838	Mon Dec 19 08:34 2011 by Kingslandbr
	In a stocktake, how should I value faulty goods awaiting return to the manufacturer? (Preview) Hi everyone, Can anyone advise as to what value I should place on some faulty goods awaiting return to the manufacturer at the time of the end-of-year stocktake (the first I've ever done)? In one sense they are worthless - they don't work. In another sense they have a value; the manufacturers will, we h...	chatcat	5	10268	Sun Dec 18 23:28 2011 by Shamus
	Reversal of Opening Accrual & Prepayment in Sage Line 50 (Preview) Need some advice please. I have an opening trial balance in Sage Line 50 which includes a figure for prepayments (£100 dr) and accruals (£3,500 cr). I need to reverse these opening balances, but am confused, and don't want to input the wrong figures. The accrual referes to accontancy fees and the pre...	SuzanneD	21	21525	Sat Dec 17 21:39 2011 by Stardoe
	Personal cards being used for business purchases in a limited company (Preview) Hello everyone. I'm new to this forum and currently studying AAT level 4. If you guys could help me with this question, I'd appreciate it. If the directors of a company buy items for use by the business with personal cards: 1.) How would I get this spending into the accounts in a normal double entr...	HumanShale	1	1183	Sat Dec 17 20:32 2011 by chatcat
	Potential Client (Preview) Back story: I was looking through facebook at messages as I realised there were outstanding messages I never received, and one was from a lady back in July saying she was looking for someone to help with her accounts. I was mortified, and realised she was likely to have found someone, but thought I woul...	Sammy76	3	1029	Sat Dec 17 14:18 2011 by mushroom
	Private use on the Profit and Loss (Preview) Hi I hope somebody can clarify something for me. Having always done manual accounts. When producing a profit and loss I have always adjusted expenses for personal use before including on the P & L. However, I am now using a computerised programme and I noticed that it includes the full amount in th...	lots to learn	24	3010	Fri Dec 16 14:23 2011 by Peasie
	Prepayments & Accruals (Preview) Hi, I work for a non VAT registerd company therefore there are no quarterly VAT returns. Do you still need to apply preapyments and accruals if so when. Do you do it at the end of the financial year or every month. Thanks in advance	Rochie	3	1405	Fri Dec 16 12:04 2011 by Rochie
	sage postings (Preview) Hello My client has an ex-employee who has won an unfair dismissal claim and a settlement has been paid. I have been looking through the n/c's and none seem applicable. Can anyone suggest a nominal code. Many thanks.	Nimac	1	1158	Fri Dec 16 10:43 2011 by Wella
	Gym membership (Preview) Hi, Can somebody please advise me how you would have to treat the cost of a gym membership paid by the business? Note that the cost of the gym membership also allows free 24 hour parking for the person which allows access to the place of work? Also, should the gym membership be taken on the business nam...	NA_AA	1	1198	Thu Dec 15 21:49 2011 by Shamus
	Invoices and credit notes (Preview) Hello My name is May. I'm new to the Forum. Please could someone help? Im posting invoices and credit notes to the purchase ledger. What I dont undertand is that that these invoices and credit notes have an "Amount Gross" on them (rather than the normal Price (inc VAT). Does this mea...	Maya	4	1718	Thu Dec 15 21:40 2011 by Maya
	posting NI and tax payments in accounts (Preview) Hi, Hoping someone can help clarify for me - I prepare the accounts (profit/loss and balance sheet) for a self employed soletrader. Am I to put through payments into the business accounts that the owner has made for National Insurance and tax payments? Or are these payments to go through as drawin...	Kate1	3	1425	Thu Dec 15 13:03 2011 by Robert Pearce
	ACCA (Preview) Hi Guys A quick question guys, if an ACCA member who doesnt hold a practising cert works for a accountants firm who are unqualified(QBE) can the ACCA member sign the accounts as their capacity as an employee Thanks	Zigs	12	6125	Mon Dec 12 13:08 2011 by Shamus
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