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

spurs1952 · spurs1952

I have been asked to help do the books and tax for a cafe which is probably making a only minimal profit at best, but more likely a small loss. It has a few low paid part time waitresses ,including students, working over the week who are probably given a low cost meal and drink each time they work. We are not...

JB · JB

Help, I would like to ask how to rectify the following; I entered a supplier invoice & then incorrectly posted a supplier payment. The invoice should not have been paid. I cancelled the payment from the bank but my balance in sage is incorrect. Should I post a supplier refund? Thanks

linda19 · linda19

Which is the best way to enter opening nominal balances. Is it better to do a Journal or to go through the Nominal Records? Thanks

Peasie · Peasie

What transactions would be needed to write off money a company owed a Director?

yellowmadlab · yellowmadlab

Hi All, I have to invoice our parent company on a quarterly basis for our marketing costs. To make sure that our management accounts are consistent every month, I have put a prepayment journal through for £11k per month (Sage : Dr 1103 / Cr 6201) When I actually raise the invoice, I assume that I would t...

Pickle · Pickle

I've recently taken on a 70yr old gentleman who buys/sells/raises sheep and cattle. He has voluntarily registered for vat. He seems to want to claim the vat back on his home water & electricity bills, I know he can't claim back the whole lot but can he claim a % of them as use of home as office? He also t...

Newbie66 · Newbie66

I know this probably sounds like a ridiculously stupid question but I just wanted to check something. If there is a self employed person at a company and he wants to claim mileage from the company that he works for - can he just do this on an expense form and claim 45p a mile. Or as he is self employed should h...

Haler · Haler

Hi there, For my sins I am a user of Sage but I have recently been reviewing other software for smaller bookkeeping clients (VT Accounts). I unfortunatley need to use Sage for my fathers business as he has requirment for divisional P&L and departmental breakdowns not to mention the various curre...

Ginta · Ginta

Hello,First of all, you have all been great in answering my silly questions and I appreciate all your help. But, here I am againIs the dinner with a customer or journalist considered as entertainment? My director does not allow me to put it under entertainment; he says that I should put it under subs...

Bri · Bri

Hi, I'm new to this forum and am hoping that someone out there can help me. I qualified as an AICB a couple of years ago and have been asked by a relation to keep the books for his new business. His accountant has become his tax agent and registered his business from 1/9/11. However, I am sifting through...

beckyboo · beckyboo

Hi Everyone, Ive got myself into a bit of a pickle again. I invoiced a customer an amount of £1488.00 inc vat. He paid with cash. I stupidly just banked the notes and forgot to bank the £3.00 in change. I have paid the invoice on sage without realising stating he had paid the full amount but it was actually £...

krazykev · krazykev

Hi all, my accountant gave me a set of Sage journals to enter to get the year end figures. This included a journal credit for the petty cash account (Sage 1230) for the entire balance. Not surprisingly Sage now shows the petty cash balance as 0. However, in reality I still have physical cash in my pett...

Lisa68 · Lisa68

Hello can anyone tell me if i'm correct in thinking rent received from a sub-let and interest received on an amount invested in a deposit account is actually capital income and that revenue income is the income generated from sales and sales only?? Thank you.

Waz · Waz

Hi, I need help on a file, I am using Sage V15. A book-keeper has done the books for a client but has no idea what she has done. I want to view the opening journal or opening balances for the accounts to 30/04/2011. Also, I want to print out a Trial Balance for 12 month but is producing 24 months instead. This i...

Staceyrizzo86 · Staceyrizzo86

I have just done a mobile caterers books for 2010-11, he has no sales receipts and he originally told me that is income after expenses was £300. I have calculated is annual gross income as - Expenses plus net income (as quoted), is this correct? My client doesn't seem to grasp that although he has spent £...

woody88 · woody88

Afternoon all, I have been looking into different ways that bookkeepers and accountants in practice collect their fees and I have come to the conclusion that monthly ongoing fees is the way to go. My question is: if I collect fees on a monthly basis for a client that I will complete accounts and tax onc...

MariaReed · MariaReed

Second post of the evening, sorry. I could do with some clarification regarding dividend rules. A client has profit after tax for the year to 30 June 11 of £4k. In June of the same year they decided to be more tax effective and pay themselves dividends and reduce their current salary. The dividends paid...

fiona1980 · fiona1980

Hi, I am thinking of starting up my own bookkeeping service for sole traders, partnerships and small limited companies. What is the standard range of services a small bookkeeping business would offer? I have seen payroll included a lot during my research, is this typical to offer alongside general...

MariaReed · MariaReed

A client has told me that an employee has broken a computer and has to pay for a new one by having an amount deducted from his salary each month. The computer that was broken was considered a busiess asset but never written into the books, it was brought along by the IT guy when he joined, along with other st...

Moonraker · Moonraker

Hi all, I have a client who provides a monthly closing stock figure - should the figure which is entered into the accounts for this include VAT? Many thanks for your help. Richard

Topic		Started By	Replies	Views	Last Post
	Meals supplied by cafe to its own staff (Preview) I have been asked to help do the books and tax for a cafe which is probably making a only minimal profit at best, but more likely a small loss. It has a few low paid part time waitresses ,including students, working over the week who are probably given a low cost meal and drink each time they work. We are not...	spurs1952	10	5238	Mon Oct 3 16:43 2011 by Spamkebab
	Sage 50 (Preview) Help, I would like to ask how to rectify the following; I entered a supplier invoice & then incorrectly posted a supplier payment. The invoice should not have been paid. I cancelled the payment from the bank but my balance in sage is incorrect. Should I post a supplier refund? Thanks	JB	8	5322	Sun Oct 2 22:37 2011 by Julie Hall
	Nominal opening balances (Preview) Which is the best way to enter opening nominal balances. Is it better to do a Journal or to go through the Nominal Records? Thanks	linda19	1	874	Sun Oct 2 20:12 2011 by Figurate
	Directors Loan (company owed Director) written off (Preview) What transactions would be needed to write off money a company owed a Director?	Peasie	5	5826	Sat Oct 1 16:57 2011 by Peasie
	Prepayment?? (Preview) Hi All, I have to invoice our parent company on a quarterly basis for our marketing costs. To make sure that our management accounts are consistent every month, I have put a prepayment journal through for £11k per month (Sage : Dr 1103 / Cr 6201) When I actually raise the invoice, I assume that I would t...	yellowmadlab	4	1371	Fri Sep 30 17:23 2011 by ADAS
	Vat, what can he claim? (Preview) I've recently taken on a 70yr old gentleman who buys/sells/raises sheep and cattle. He has voluntarily registered for vat. He seems to want to claim the vat back on his home water & electricity bills, I know he can't claim back the whole lot but can he claim a % of them as use of home as office? He also t...	Pickle	12	6199	Fri Sep 30 13:26 2011 by Wella
	Self employed and mileage (Preview) I know this probably sounds like a ridiculously stupid question but I just wanted to check something. If there is a self employed person at a company and he wants to claim mileage from the company that he works for - can he just do this on an expense form and claim 45p a mile. Or as he is self employed should h...	Newbie66	4	1691	Fri Sep 30 10:06 2011 by Susie Sue
	Producing Final Accounts for clients (Preview) Hi there, For my sins I am a user of Sage but I have recently been reviewing other software for smaller bookkeeping clients (VT Accounts). I unfortunatley need to use Sage for my fathers business as he has requirment for divisional P&L and departmental breakdowns not to mention the various curre...	Haler	4	2016	Wed Sep 28 16:03 2011 by Shamus
	Direct cost or overheads? (Preview) Hello,First of all, you have all been great in answering my silly questions and I appreciate all your help. But, here I am againIs the dinner with a customer or journalist considered as entertainment? My director does not allow me to put it under entertainment; he says that I should put it under subs...	Ginta	13	6899	Wed Sep 28 09:57 2011 by Sweetpea
	New Business accounts entries (Preview) Hi, I'm new to this forum and am hoping that someone out there can help me. I qualified as an AICB a couple of years ago and have been asked by a relation to keep the books for his new business. His accountant has become his tax agent and registered his business from 1/9/11. However, I am sifting through...	Bri	3	966	Tue Sep 27 21:54 2011 by kjmcculloch83
	Editing a paid invoice (Preview) Hi Everyone, Ive got myself into a bit of a pickle again. I invoiced a customer an amount of £1488.00 inc vat. He paid with cash. I stupidly just banked the notes and forgot to bank the £3.00 in change. I have paid the invoice on sage without realising stating he had paid the full amount but it was actually £...	beckyboo	12	1605	Tue Sep 27 19:51 2011 by Figurate
	Petty Cash Year End (Preview) Hi all, my accountant gave me a set of Sage journals to enter to get the year end figures. This included a journal credit for the petty cash account (Sage 1230) for the entire balance. Not surprisingly Sage now shows the petty cash balance as 0. However, in reality I still have physical cash in my pett...	krazykev	13	5413	Tue Sep 27 16:00 2011 by krazykev
	Capital & Revenue Income (Preview) Hello can anyone tell me if i'm correct in thinking rent received from a sub-let and interest received on an amount invested in a deposit account is actually capital income and that revenue income is the income generated from sales and sales only?? Thank you.	Lisa68	0	1189	Tue Sep 27 08:01 2011 by Lisa68
	Need help on Sage Instant V15 (Preview) Hi, I need help on a file, I am using Sage V15. A book-keeper has done the books for a client but has no idea what she has done. I want to view the opening journal or opening balances for the accounts to 30/04/2011. Also, I want to print out a Trial Balance for 12 month but is producing 24 months instead. This i...	Waz	9	1217	Mon Sep 26 16:54 2011 by Amanda
	Self Assesment (Preview) I have just done a mobile caterers books for 2010-11, he has no sales receipts and he originally told me that is income after expenses was £300. I have calculated is annual gross income as - Expenses plus net income (as quoted), is this correct? My client doesn't seem to grasp that although he has spent £...	Staceyrizzo86	13	1818	Sun Sep 25 23:07 2011 by kjmcculloch83
	Deferred Income - For an Accounting Practice (Preview) Afternoon all, I have been looking into different ways that bookkeepers and accountants in practice collect their fees and I have come to the conclusion that monthly ongoing fees is the way to go. My question is: if I collect fees on a monthly basis for a client that I will complete accounts and tax onc...	woody88	4	1220	Sun Sep 25 14:31 2011 by woody88
	Dividend and tax question (Preview) Second post of the evening, sorry. I could do with some clarification regarding dividend rules. A client has profit after tax for the year to 30 June 11 of £4k. In June of the same year they decided to be more tax effective and pay themselves dividends and reduce their current salary. The dividends paid...	MariaReed	6	1446	Sun Sep 25 09:57 2011 by MariaReed
	General bookkeeping business (Preview) Hi, I am thinking of starting up my own bookkeeping service for sole traders, partnerships and small limited companies. What is the standard range of services a small bookkeeping business would offer? I have seen payroll included a lot during my research, is this typical to offer alongside general...	fiona1980	10	2214	Sat Sep 24 13:44 2011 by Phoenix Orlando
	Help with journal posting, please. (Preview) A client has told me that an employee has broken a computer and has to pay for a new one by having an amount deducted from his salary each month. The computer that was broken was considered a busiess asset but never written into the books, it was brought along by the IT guy when he joined, along with other st...	MariaReed	3	825	Sat Sep 24 13:17 2011 by Phoenix Orlando
	Vat on closing stock. (Preview) Hi all, I have a client who provides a monthly closing stock figure - should the figure which is entered into the accounts for this include VAT? Many thanks for your help. Richard	Moonraker	4	3820	Sat Sep 24 10:09 2011 by kjmcculloch83
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