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

Newbie66 · Newbie66

I would like to pick the brains of you guys out there. I need to produce a monthly P& L and a YTD. I have never done this and only produced reports on an annual basis. My question is if you produce say a report for September and then receipts and invoices come in for that month and you enter them in October...

Vicki Newman · Vicki Newman

Good Evening, Please could somebody confirm if I can use bank statements as a receipt because one of my clients forgets to keep some off his receipts. He has the entries of expenditure on his credit card statement - Is this allowable or not? Many Thanks Vicki

Peasie · Peasie

Just been thinking about how much it would cost someone if they didn't bother going to a bookkeeper and took their shoebox full of receipts to an accountant. So how much would an accountant charge for this.... A cash based business so no sales invoices just daily takings. Not VAT registered. One weekl...

marudnis · marudnis

Hello, I've got a question generally connceted to rinnung a hotel and food business. Generally speaking, when the hotel buys basic food ingredients they do not pay Vat as food is exclusive of vat right? Ehat about the hotel sales of food ina form of a particular dish. If we buy fish it's T0 but when we se...

shaz77 · shaz77

Hi, I have discovered a payment on account that has been allocated to the wrong invoices, is it possible to re-allocate this payment (sage line 50)

wicket94 · wicket94

Hi I'm after some thoughts on the best approach to deal with our annual invoice run. We issue around 450 invoices in February with a due date of 1st April. Our financial year ends on 31 March. Having issued the invoices we start to receive appx 20% of payments pre 1 April which are banked immediately. We n...

Spamkebab · Spamkebab

How would you account for a fixed asset that has deprciated to zero value? Lathe a business buys, depreciates over the expected 5 year life of the asset, at the end it's value is zero and worth scrap value, but it is still in great working order and the company are going to keep on using it. Do you revalue it...

Aleksandra · Aleksandra

Hi, Are those correct journal entries for disposal of a fixed asset in a situation when money from sale of the asset has been taken for private use. I'll just clarify, that this is Ltd and the Director Loan Account is in credit. Fixed Asset account Cr 32000 DL account Dr 20000 FA Accumulated Depr. acco...

efka · efka

Hi, I have this question, if somebody can help me: The relative living and paying tax overseas, agreed to finance my business. He is visiting UK quiet often (few times a moth) on business trips and we agreed that interest and repayments will be made in cash to save me some money on bank transfers. How sho...

ClawzCTR · ClawzCTR

Not sure if this is the right place to post this, so feel free to move it mods if not, but I'm off to the IAB Seminar in Birmingham on Thursday, I dont know if any of you are going also? But I haven't the foggyest on what the etticate is, what you do there, what to take, what to wear... AHHHhhhh!!! Can someone pl...

marudnis · marudnis

Hello, when we buy food let's say for restaurant or hotel, we don't generally pay Vat on it as it is zero rated right? What if we sell the food as a particular dish? Do we have to include vat on it or is it still T0? Do we have to set the tills system to Vat on sales of dishes that we serve? Thank you for help.

sabrina73 · sabrina73

Hi, i recently got a job in accounts, but have no experience (only got job cause studiying aat and he cant afford someone experienced), i'm sort of teaching myself, as i go but starting to ask if this is all correct? i'm the only one in that department and there is no one to ask. my employer hasn't got a clue...

Amanda · Amanda

Hi Everyone, I have a client who is a Ltd Co and he has paid in some money to the company (Capital introduced) do I stick it in the Directors Loan account or set up a new Capital introduced a/c in the COA? I know in the past for a S/T I have set uo a new Capital introduced a/c in COA but I think it should be the DLA fo...

Kitty37 · Kitty37

Hi - in our accounts last year I underprovided for Corporation Tax. When the CT was paid this year I have therefore been left with a balance on the CT liability account. Where does this get posted to in Sage, and where is the extra CT paid shown in the accounts? Thanking you in anticpation of your assista...

fabs79 · fabs79

Hi All, I hope someone can help me clarify this. I have two questions, but they both relate to the same topic: allowances that a business can claim. One of my clients is a sole trader and works from home part-time. He works a few hours per day on a desk from his bedroom, so I believe there is no capital gain ta...

Karla · Karla

Hi All,I'm in desperate need for some help and advice.I'm currently studying bookkeeping and I was asked by some friends to help them with this, so I apologize if my questions will look dumb as I am still learning.They are both self employed-sole trader (it's a couple, she is a cleaner and he is a chef)....

Kate1 · Kate1

Hi, I prepare the accounts for a sole trader who has made a charity donation of £80. I'm unclear on how to treat this - is this an allowable expense or am I to put it to drawings? Many thanks

snuffy · snuffy

Hi, I'm new to double-entry, but have spent a day reading up on it and can do the basics. I have started using GnuCash and am trying to get to grips with it by using some basic examples; I hope someone can help me with the below: Question: If my 3 housemates pay me £10 each for the internet bill, then later in t...

pinks · pinks

Hi all, a bit of a strange one here.... My client has a number of friends investing in his business. Basically they give him the money to buy a car, he buys it, processes it, sells it on and the split the profit. He keeps 35% they take the remaining 65%. I'm just wondering the best way to show this in his acco...

robbie · robbie

Hello, can anyone help me i subscribe to barclays for my sage accounts only i have tried to open the program this evening only for a pop up to open saying i do not have permission to open this program. This program has been working fine for nearly 2 years and all payments are up to date, I cannot ring barclay...

Topic		Started By	Replies	Views	Last Post
	Monthly Reports (Preview) I would like to pick the brains of you guys out there. I need to produce a monthly P& L and a YTD. I have never done this and only produced reports on an annual basis. My question is if you produce say a report for September and then receipts and invoices come in for that month and you enter them in October...	Newbie66	7	1576	Tue Nov 15 11:03 2011 by Newbie66
	Receipts and Bank Statements (Preview) Good Evening, Please could somebody confirm if I can use bank statements as a receipt because one of my clients forgets to keep some off his receipts. He has the entries of expenditure on his credit card statement - Is this allowable or not? Many Thanks Vicki	Vicki Newman	9	8305	Mon Nov 14 19:59 2011 by Vicki Newman
	Hypothetical question - how much should it all cost? (Preview) Just been thinking about how much it would cost someone if they didn't bother going to a bookkeeper and took their shoebox full of receipts to an accountant. So how much would an accountant charge for this.... A cash based business so no sales invoices just daily takings. Not VAT registered. One weekl...	Peasie	6	1499	Mon Nov 14 16:17 2011 by Peasie
	General FOOD SALES/ PURCHASES Question (Preview) Hello, I've got a question generally connceted to rinnung a hotel and food business. Generally speaking, when the hotel buys basic food ingredients they do not pay Vat as food is exclusive of vat right? Ehat about the hotel sales of food ina form of a particular dish. If we buy fish it's T0 but when we se...	marudnis	2	2284	Sat Nov 12 12:09 2011 by pDm
	Is it possible to re-allocate a payment on account in sage? (Preview) Hi, I have discovered a payment on account that has been allocated to the wrong invoices, is it possible to re-allocate this payment (sage line 50)	shaz77	4	3770	Fri Nov 11 16:29 2011 by Robert Pearce
	Advice on Members Club subscription invoices and payments in advance (Preview) Hi I'm after some thoughts on the best approach to deal with our annual invoice run. We issue around 450 invoices in February with a due date of 1st April. Our financial year ends on 31 March. Having issued the invoices we start to receive appx 20% of payments pre 1 April which are banked immediately. We n...	wicket94	1	1045	Thu Nov 10 10:56 2011 by YLB-HO
	Depreciation (Preview) How would you account for a fixed asset that has deprciated to zero value? Lathe a business buys, depreciates over the expected 5 year life of the asset, at the end it's value is zero and worth scrap value, but it is still in great working order and the company are going to keep on using it. Do you revalue it...	Spamkebab	8	1415	Wed Nov 9 15:20 2011 by Don Tax
	Disposal of Fixed Asset (Preview) Hi, Are those correct journal entries for disposal of a fixed asset in a situation when money from sale of the asset has been taken for private use. I'll just clarify, that this is Ltd and the Director Loan Account is in credit. Fixed Asset account Cr 32000 DL account Dr 20000 FA Accumulated Depr. acco...	Aleksandra	2	1139	Wed Nov 9 14:25 2011 by Aleksandra
	Private loan from relative living overseas (Preview) Hi, I have this question, if somebody can help me: The relative living and paying tax overseas, agreed to finance my business. He is visiting UK quiet often (few times a moth) on business trips and we agreed that interest and repayments will be made in cash to save me some money on bank transfers. How sho...	efka	3	1057	Wed Nov 9 10:44 2011 by efka
	Bookkeeping Seminars... (Preview) Not sure if this is the right place to post this, so feel free to move it mods if not, but I'm off to the IAB Seminar in Birmingham on Thursday, I dont know if any of you are going also? But I haven't the foggyest on what the etticate is, what you do there, what to take, what to wear... AHHHhhhh!!! Can someone pl...	ClawzCTR	5	984	Wed Nov 9 09:59 2011 by ClawzCTR
	Question about sales of food. (Preview) Hello, when we buy food let's say for restaurant or hotel, we don't generally pay Vat on it as it is zero rated right? What if we sell the food as a particular dish? Do we have to include vat on it or is it still T0? Do we have to set the tills system to Vat on sales of dishes that we serve? Thank you for help.	marudnis	0	611	Wed Nov 9 09:45 2011 by marudnis
	am i actually doing this right? (Preview) Hi, i recently got a job in accounts, but have no experience (only got job cause studiying aat and he cant afford someone experienced), i'm sort of teaching myself, as i go but starting to ask if this is all correct? i'm the only one in that department and there is no one to ask. my employer hasn't got a clue...	sabrina73	6	4734	Wed Nov 9 06:09 2011 by Spamkebab
	Capital introduced into Ltd Co (Preview) Hi Everyone, I have a client who is a Ltd Co and he has paid in some money to the company (Capital introduced) do I stick it in the Directors Loan account or set up a new Capital introduced a/c in the COA? I know in the past for a S/T I have set uo a new Capital introduced a/c in COA but I think it should be the DLA fo...	Amanda	8	4124	Tue Nov 8 20:21 2011 by HendyPhilhendy
	Corporation Tax Under Provided (Preview) Hi - in our accounts last year I underprovided for Corporation Tax. When the CT was paid this year I have therefore been left with a balance on the CT liability account. Where does this get posted to in Sage, and where is the extra CT paid shown in the accounts? Thanking you in anticpation of your assista...	Kitty37	2	4914	Tue Nov 8 11:26 2011 by Kitty37
	Use of Home Allowance - Bookkeeper or Accountant? Use of home allowance (Preview) Hi All, I hope someone can help me clarify this. I have two questions, but they both relate to the same topic: allowances that a business can claim. One of my clients is a sole trader and works from home part-time. He works a few hours per day on a desk from his bedroom, so I believe there is no capital gain ta...	fabs79	12	3120	Mon Nov 7 10:29 2011 by kjmcculloch83
	Help please I'm a newbie. (Preview) Hi All,I'm in desperate need for some help and advice.I'm currently studying bookkeeping and I was asked by some friends to help them with this, so I apologize if my questions will look dumb as I am still learning.They are both self employed-sole trader (it's a couple, she is a cleaner and he is a chef)....	Karla	4	4948	Sun Nov 6 21:11 2011 by Karla
	charity donation from a sole trader (Preview) Hi, I prepare the accounts for a sole trader who has made a charity donation of £80. I'm unclear on how to treat this - is this an allowable expense or am I to put it to drawings? Many thanks	Kate1	3	2752	Sun Nov 6 16:21 2011 by Don Tax
	Basic double-entry transactions - which accounts to use? (Preview) Hi, I'm new to double-entry, but have spent a day reading up on it and can do the basics. I have started using GnuCash and am trying to get to grips with it by using some basic examples; I hope someone can help me with the below: Question: If my 3 housemates pay me £10 each for the internet bill, then later in t...	snuffy	7	2235	Sat Nov 5 22:10 2011 by snuffy
	Processing investors?? (Preview) Hi all, a bit of a strange one here.... My client has a number of friends investing in his business. Basically they give him the money to buy a car, he buys it, processes it, sells it on and the split the profit. He keeps 35% they take the remaining 65%. I'm just wondering the best way to show this in his acco...	pinks	3	1093	Sat Nov 5 13:15 2011 by pinks
	Sage instant accounts login problem (Preview) Hello, can anyone help me i subscribe to barclays for my sage accounts only i have tried to open the program this evening only for a pop up to open saying i do not have permission to open this program. This program has been working fine for nearly 2 years and all payments are up to date, I cannot ring barclay...	robbie	0	1417	Fri Nov 4 19:59 2011 by robbie
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