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

jacky S · jacky S

Hi, My client is a small sole trader. He has a desktop PC for home use but has recently been given a laptop which he intends to use for business use only. Its 2 years old and he had to pay a £40 repair bill on it when he got it. I was going to introduce the laptop as an asset with net book value of £100 so the entr...

woody88 · woody88

Morning all, I thought it was monday after two early morning starts to watch the Rugby. Anyhow, I have been doing some reserach into how business rates are calculated for a client and found this link, which is really useful for anybody looking to rent or purchase a commercial premise. Valuation Of...

jenand · jenand

I have accidently reconciled in the bank a Sage cheque that has not been cashed. We have paid the supplier twice , once by a manual chq and then again with a sage chq. I have reconciled the Sage chq but it is the manual one that has been cashed and the supplier has returned the Sage one. The manual one has not...

Kate1 · Kate1

Hi, I prepare a monthly profit and loss for a small business (sole trader). The owner banks some cash into their personal bank account and I only see cash going into the business bank account - how should I account for this? Thanks

morgwick · morgwick

Hi, could someone confirm for me that claiming for lunch when your a self employed window cleaner is not an allowable expense. Basically he works from home, but his argument is that he is away from home. Thank you

Beachbreak · Beachbreak

I have just taken on a new client. Up until this month they produced 2 magazines and they were invoiced for the printing and all other costs together, so everything went on Sage in one big lump. They have just launched a new magazine so would like me to split the managment accounts into separate magazi...

zander81 · zander81

Hi all,My business partner and I are currently setting up a Bookkeeping firm. We have our MLR, registered with HMRC at this precise time and we will soon be registered with IAB as members. We are looking for advice on the opertional side of the business and what controls you may have in place. Instead of...

McSpurren · McSpurren

Hi, got a client asking how much of the purchase price of his car can be used against business? Says business use is main reason for having it, though it only for delivery of his goods. Also calculations percentage of tax he will pay? Any advice appreciated!

Mya · Mya

On a few occassions one of our staff members has paid cash for a bill and this has then been paid back over to him via his wages as 'expenses '- the original invoice has then been handed over to me to process through petty cash - is this way of dealing with staff expenses ok or should it dealt with differen...

Mya · Mya

Thankyou Helen - I really appreciate that - given that he did pay out of his own personal money - and was later reimbursed through his wages as expenses - should the invoice not be posted through the accounts at all then? or should there be a journal posted to take the expenses out of the wages figures and i...

Staceyrizzo86 · Staceyrizzo86

My husband is a sole trader and is currently having to seek advice and support from a solicitor due to a recent customer of his. As we all know solicitors charge nearly £200 an hour. As this cost is being incurred on behalf of the business can this be claimed as a business expense? Thanks!

Mya · Mya

Thank you Liz for replying to my query - the staff memeber does actually pay cash for the invoices - and then sends the invoices through to us - this was reimbursed through his wages as 'expenses' - so is it ok to then put the invoice through our accounts as though it has been paid through our petty cash - or d...

Mya · Mya

Hi With regards to earlier post - I really would be grateful for some feedback on this - as I am worried this may not be the correct way to deal with this and we may be getting audited soon- Thank you

jenand · jenand

Hi all, An employee recently admitted to stealing some petty cash and we have deducted the amount from his final salary pay. Now I am not sure how to do the postings in Sage?? Thanks in advance :)

Noola · Noola

Quick question is there VAT on skip hire. There is nothing on the invoice stating this but the company is registered for VAT.

Noola · Noola

I have an invoice which looks like the ones you can buy in a book. It has the date on, says lunch and drinks and the amount but thats it. I can't see anywhere in the bank that it has been paid by card so would I include this as cash or leave it out? There is no company details or name on it. Thanks.

woody88 · woody88

I have been doing some digging and it seems that HMRCs view is that iPhones, Blackberrys and PDA's are classed as computers and not phones and may casue a P11d. This seems a little unfair as most clients use them 95% of the time as phones. Do HMRC actually enforce this in practice or is it just their law? Be...

Cindy112 · Cindy112

Hello everything, A prepayment question please. If an electricity bill of £300 we received in Jun11 for months of Jun, Jul and Aug11, I think I should enter £300 as prepayment in Jun, then do a monthly journal in Jun debit electricity and credit prepayment. But the problem is if we paid £100 instalme...

Diona · Diona

Hello Can anyone recommend a good book on how to do accounting in the newspaper? Or any book on finance in publishing industry or any helpful website. Thanks

woody88 · woody88

Evening all, Just a quick question regarding clients who claim mileage instead of all costs for their cars. I understand that they can claim 45p a mile for the 1st 10,000 miles and then 25p a mile thereafter. What I am wondering is if a client uses their home as an office can they still claim for the miles u...

Topic		Started By	Replies	Views	Last Post
	Client given a laptop, help with postings please??? (Preview) Hi, My client is a small sole trader. He has a desktop PC for home use but has recently been given a laptop which he intends to use for business use only. Its 2 years old and he had to pay a £40 repair bill on it when he got it. I was going to introduce the laptop as an asset with net book value of £100 so the entr...	jacky S	2	829	Tue Oct 11 13:15 2011 by jacky S
	Business Rates - Rateable Values (Preview) Morning all, I thought it was monday after two early morning starts to watch the Rugby. Anyhow, I have been doing some reserach into how business rates are calculated for a client and found this link, which is really useful for anybody looking to rent or purchase a commercial premise. Valuation Of...	woody88	1	1375	Tue Oct 11 11:34 2011 by bookkeepers
	Reconciled a uncashed cheque (Preview) I have accidently reconciled in the bank a Sage cheque that has not been cashed. We have paid the supplier twice , once by a manual chq and then again with a sage chq. I have reconciled the Sage chq but it is the manual one that has been cashed and the supplier has returned the Sage one. The manual one has not...	jenand	13	4464	Tue Oct 11 11:08 2011 by jenand
	Cash banked into personal account (Preview) Hi, I prepare a monthly profit and loss for a small business (sole trader). The owner banks some cash into their personal bank account and I only see cash going into the business bank account - how should I account for this? Thanks	Kate1	7	2130	Mon Oct 10 22:12 2011 by ADAS
	Window Cleaner Allowable Expenses (Preview) Hi, could someone confirm for me that claiming for lunch when your a self employed window cleaner is not an allowable expense. Basically he works from home, but his argument is that he is away from home. Thank you	morgwick	4	5279	Mon Oct 10 20:04 2011 by morgwick
	Advice needed about splitting management accounts into different projects/ products (Preview) I have just taken on a new client. Up until this month they produced 2 magazines and they were invoiced for the printing and all other costs together, so everything went on Sage in one big lump. They have just launched a new magazine so would like me to split the managment accounts into separate magazi...	Beachbreak	1	1148	Mon Oct 10 10:04 2011 by jenand
	Paid advice (Preview) Hi all,My business partner and I are currently setting up a Bookkeeping firm. We have our MLR, registered with HMRC at this precise time and we will soon be registered with IAB as members. We are looking for advice on the opertional side of the business and what controls you may have in place. Instead of...	zander81	1	1162	Sun Oct 9 13:59 2011 by YLB-HO
	Private car (Preview) Hi, got a client asking how much of the purchase price of his car can be used against business? Says business use is main reason for having it, though it only for delivery of his goods. Also calculations percentage of tax he will pay? Any advice appreciated!	McSpurren	1	933	Sun Oct 9 10:00 2011 by Wella
	Posting Staff Expenses In Sage Accounts (Preview) On a few occassions one of our staff members has paid cash for a bill and this has then been paid back over to him via his wages as 'expenses '- the original invoice has then been handed over to me to process through petty cash - is this way of dealing with staff expenses ok or should it dealt with differen...	Mya	5	5484	Sat Oct 8 23:07 2011 by Helz
	Posting Staff Expenses through Sage Accounts (Preview) Thankyou Helen - I really appreciate that - given that he did pay out of his own personal money - and was later reimbursed through his wages as expenses - should the invoice not be posted through the accounts at all then? or should there be a journal posted to take the expenses out of the wages figures and i...	Mya	0	1001	Sat Oct 8 19:11 2011 by Mya
	Expense Claim (Preview) My husband is a sole trader and is currently having to seek advice and support from a solicitor due to a recent customer of his. As we all know solicitors charge nearly £200 an hour. As this cost is being incurred on behalf of the business can this be claimed as a business expense? Thanks!	Staceyrizzo86	1	1065	Sat Oct 8 18:07 2011 by Shamus
	Posting Staff Expenses in Sage Accounts (Preview) Thank you Liz for replying to my query - the staff memeber does actually pay cash for the invoices - and then sends the invoices through to us - this was reimbursed through his wages as 'expenses' - so is it ok to then put the invoice through our accounts as though it has been paid through our petty cash - or d...	Mya	0	1259	Sat Oct 8 14:22 2011 by Mya
	Posting staff expenses in Sage Accounts (contd) see earlier post (Preview) Hi With regards to earlier post - I really would be grateful for some feedback on this - as I am worried this may not be the correct way to deal with this and we may be getting audited soon- Thank you	Mya	0	786	Sat Oct 8 11:57 2011 by Mya
	Posting recovered stolen petty cash from Employees salary (Preview) Hi all, An employee recently admitted to stealing some petty cash and we have deducted the amount from his final salary pay. Now I am not sure how to do the postings in Sage?? Thanks in advance :)	jenand	5	1530	Thu Oct 6 19:44 2011 by Stardoe
	Skip Hire (Preview) Quick question is there VAT on skip hire. There is nothing on the invoice stating this but the company is registered for VAT.	Noola	3	11339	Thu Oct 6 13:22 2011 by Don Tax
	Invoice with very little detail no company name (Preview) I have an invoice which looks like the ones you can buy in a book. It has the date on, says lunch and drinks and the amount but thats it. I can't see anywhere in the bank that it has been paid by card so would I include this as cash or leave it out? There is no company details or name on it. Thanks.	Noola	1	841	Thu Oct 6 12:39 2011 by Marky65
	iPhones, Blackberrys and PDAs (Preview) I have been doing some digging and it seems that HMRCs view is that iPhones, Blackberrys and PDA's are classed as computers and not phones and may casue a P11d. This seems a little unfair as most clients use them 95% of the time as phones. Do HMRC actually enforce this in practice or is it just their law? Be...	woody88	1	806	Thu Oct 6 06:56 2011 by BudgetB
	prepayment question (Preview) Hello everything, A prepayment question please. If an electricity bill of £300 we received in Jun11 for months of Jun, Jul and Aug11, I think I should enter £300 as prepayment in Jun, then do a monthly journal in Jun debit electricity and credit prepayment. But the problem is if we paid £100 instalme...	Cindy112	12	2297	Tue Oct 4 19:19 2011 by ADAS
	Accounting for a newspaper (Preview) Hello Can anyone recommend a good book on how to do accounting in the newspaper? Or any book on finance in publishing industry or any helpful website. Thanks	Diona	1	1179	Tue Oct 4 11:30 2011 by YLB-HO
	Mileage Claims (Preview) Evening all, Just a quick question regarding clients who claim mileage instead of all costs for their cars. I understand that they can claim 45p a mile for the 1st 10,000 miles and then 25p a mile thereafter. What I am wondering is if a client uses their home as an office can they still claim for the miles u...	woody88	4	1432	Mon Oct 3 21:23 2011 by Truemanbrown
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