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

Palawan · Palawan

Hi all, i'm working for a small partnership. I'm fairly new to book keeping and quickbooks. The partners have debit cards which they occasionally use. Im seeking advice as to how to track and pay their usage of their debit cards in QBs. Would/can you have a separate account for debit cards? Sort...

buckland10 · buckland10

Hi, my company are offering all employees the opportunity to claim money back through us for the purchase of an iPad. We are saying we will pay the VAT and on top of that match it. So for an iPad costing £479 we will pay the employee £79.83 VAT plus a further £79.83, total £159.66. How do I account for this...

Kitty37 · Kitty37

Hi All! I have a client who is a driving instructor and he believes that he should be able to deduct expenses relating to eye tests and unbelievably his sunglasses as he maintains that he cannot carry out his work without them. Whilst I have told him that these are not deductible I would appreciate it if t...

Jenny1974 · Jenny1974

I'm helping my sister with a set of books for a company that keeps their petty cash account at £100. If it is a few pounds off and we can't find the difference, how do we adjust it back to £100?

Moonraker · Moonraker

Hi All, I need to enter class 1A NI contributions into my clients' books, I think the posting is as follows, am I correct? - DR Employers NI (P&L) Cr NIC (Balance Sheet) Many Thanks Richard

Nells · Nells

Hi guys Having lurked for a while on the forum I've finally got round to signing up. It's such a wonderful resource for bookkeepers and seems so friendly! I'm working on a customers accounts who installs bathrooms. They entered a competition at a DIY store and won a free took kit. It included some ex...

Kevin · Kevin

Hi everyone, I'm a new member for this forum. I have an uni exam for 'financial accounting' in two days, and I'm experiencing some problems solving questions from the past paper. And the worse thing is my professor didn't give us correct answers for the paper and he's on vacation right now. So I came ac...

kjmcculloch83 · kjmcculloch83

Does anyone use sage payroll, and wish to do some outsourced work? It wont be a huge number (which is why it makes no sense for me to actually buy it) and is likely to be weekly payrolls. I'm meeting a new client soon who has mentioned that they will require this. If you're interested can you give me an ide...

Althalus · Althalus

I down loaded some samle test questions fron the net and one of the questions has me stumped: In the cash book a sole trader has made sales of £450 he puts fifty pounds in his petty cash float and banks the rest, how would this be recorded. Also the cash book has been balanced at the end of every month, are the...

lyns · lyns

Hi Guys, Can anyone suggest some good book keeping/Accounts books that i should purchase to aid my revision. Ive heard on this site about David Cox but no others and i need all the help i can get at this early stage. Also where is the best place to purchase and whats the likely cost. Thanks Lyns

chatcat · chatcat

Hi all, I wonder if anyone can advise on a small problem. We have been accidentally overpaid by a customer to the tune of.... 85p. This was on top of an invoice for a few hundred pounds, now paid and safely residing in our company bank account. 85p shouldn't bother me that much but it does! Also, I'd like t...

kjmcculloch83 · kjmcculloch83

Hi folks, This is my first venture into the realms of CIS, and I'm struggling to get my head round it. I have a new client for self assessment only. He was in the CIS with his previous 'employer' (ok, I know it's not the right word, but I'm strugglingto find a better one) until December 2010, then became s...

Consul · Consul

I am currently auditing a company. And accountant is posting sales receipts plus accounts receivables(payments actually received) to Cost of Goods sold and a clearing account. This company has alot of strange accounting principles that has nothing to do with the GAAP. Just to clarify that I ...

Vicki Newman · Vicki Newman

Hi, My client rents a room to carry out her beauty treatments can I deduct the rent as an allowable expense? Thank you.

ClawzCTR · ClawzCTR

I have been working with/for a financial advisor now for a good few months, and its going well, (i hope... lol). This client we have has one buy to let property with all assioiated incomings and out goings. I've compiled all the information and have set up a basic Balance sheet. As shown:GROSS earnings...

nicely · nicely

Good morning everyone, I hope someone can help me.I am using sage line 50. On the bank statement, here is a money transfer between 2 bank account with ref: Tax retainer. (the transfer is made for putting money aside to pay my tax bill.) I need to open new nominal code for HMRC. Because my accountant want...

Kirsty J · Kirsty J

Good Evening all! Following on from a previous post, Bad Bookkeeping, I have taken on another client who is in a bit of a mess. My first port of call in this sort of situation is usually the bank rec to make sure that everything has been posted correctly. In this instance though, I'm at a bit of a loss. Th...

nicely · nicely

I have to put all payment to the system from bank statement. I am using sage line 50. I am confusing abour nominal codes. I need a nominal code for sundries and incidentals. both of them are payment. Another thing is I got one internet banking transfer payment to other account for Tax Retainer. my accoun...

Consul · Consul

I am trying to create a provision for bad debt account and a bad debt account. The provision being 20% of A/R and bad debt those A/R 90 days overdue. I know that the bad debt account will affect the P&L but I am not sure how the Provision will affect the final accounts. Further, how do i go about writing o...

JB · JB

Is it possible to check if and when customer / supplier details have been amended / updated? I can see when the account was opened when I double click and look at credit control on the right in credit review, but this is the original date of when the account was opened. Thank-you

Topic		Started By	Replies	Views	Last Post
	Tracking a Debit Card in QuickBooks (Preview) Hi all, i'm working for a small partnership. I'm fairly new to book keeping and quickbooks. The partners have debit cards which they occasionally use. Im seeking advice as to how to track and pay their usage of their debit cards in QBs. Would/can you have a separate account for debit cards? Sort...	Palawan	1	977	Wed Aug 31 21:24 2011 by Stardoe
	Accounting for iPad offer (Preview) Hi, my company are offering all employees the opportunity to claim money back through us for the purchase of an iPad. We are saying we will pay the VAT and on top of that match it. So for an iPad costing £479 we will pay the employee £79.83 VAT plus a further £79.83, total £159.66. How do I account for this...	buckland10	3	907	Wed Aug 31 16:01 2011 by Consul
	Deductible Expenses - Driving Instructor/EC VAT (Preview) Hi All! I have a client who is a driving instructor and he believes that he should be able to deduct expenses relating to eye tests and unbelievably his sunglasses as he maintains that he cannot carry out his work without them. Whilst I have told him that these are not deductible I would appreciate it if t...	Kitty37	8	3722	Wed Aug 31 13:28 2011 by Kitty37
	Petty Cash Difference (Preview) I'm helping my sister with a set of books for a company that keeps their petty cash account at £100. If it is a few pounds off and we can't find the difference, how do we adjust it back to £100?	Jenny1974	4	1367	Tue Aug 30 15:20 2011 by Jenny1974
	Postings for class 1a NI (Preview) Hi All, I need to enter class 1A NI contributions into my clients' books, I think the posting is as follows, am I correct? - DR Employers NI (P&L) Cr NIC (Balance Sheet) Many Thanks Richard	Moonraker	1	1381	Tue Aug 30 14:09 2011 by Stuartbham
	Free Assets (Preview) Hi guys Having lurked for a while on the forum I've finally got round to signing up. It's such a wonderful resource for bookkeepers and seems so friendly! I'm working on a customers accounts who installs bathrooms. They entered a competition at a DIY store and won a free took kit. It included some ex...	Nells	4	1195	Tue Aug 30 13:18 2011 by Nells
	HELP! Experiencing problems when preparing financial statements using the Trial Balances Income statement Balance sheet Trail Balance T-account Debit and Credit (Preview) Hi everyone, I'm a new member for this forum. I have an uni exam for 'financial accounting' in two days, and I'm experiencing some problems solving questions from the past paper. And the worse thing is my professor didn't give us correct answers for the paper and he's on vacation right now. So I came ac...	Kevin	3	7568	Tue Aug 30 12:50 2011 by MarkS
	Sage Payroll (Preview) Does anyone use sage payroll, and wish to do some outsourced work? It wont be a huge number (which is why it makes no sense for me to actually buy it) and is likely to be weekly payrolls. I'm meeting a new client soon who has mentioned that they will require this. If you're interested can you give me an ide...	kjmcculloch83	4	4288	Tue Aug 30 08:34 2011 by Marky65
	Cash Book (Preview) I down loaded some samle test questions fron the net and one of the questions has me stumped: In the cash book a sole trader has made sales of £450 he puts fifty pounds in his petty cash float and banks the rest, how would this be recorded. Also the cash book has been balanced at the end of every month, are the...	Althalus	5	2177	Mon Aug 29 17:36 2011 by Althalus
	book keeping/accounts books (Preview) Hi Guys, Can anyone suggest some good book keeping/Accounts books that i should purchase to aid my revision. Ive heard on this site about David Cox but no others and i need all the help i can get at this early stage. Also where is the best place to purchase and whats the likely cost. Thanks Lyns	lyns	5	1945	Sun Aug 28 19:40 2011 by Althalus
	How to handle a customer overpayment on Sage Neanderthal (Preview) Hi all, I wonder if anyone can advise on a small problem. We have been accidentally overpaid by a customer to the tune of.... 85p. This was on top of an invoice for a few hundred pounds, now paid and safely residing in our company bank account. 85p shouldn't bother me that much but it does! Also, I'd like t...	chatcat	2	5689	Sun Aug 28 19:35 2011 by chatcat
	The Dreaded CIS (Preview) Hi folks, This is my first venture into the realms of CIS, and I'm struggling to get my head round it. I have a new client for self assessment only. He was in the CIS with his previous 'employer' (ok, I know it's not the right word, but I'm strugglingto find a better one) until December 2010, then became s...	kjmcculloch83	4	1217	Sat Aug 27 23:02 2011 by RuthA
	Sales and COGS (Preview) I am currently auditing a company. And accountant is posting sales receipts plus accounts receivables(payments actually received) to Cost of Goods sold and a clearing account. This company has alot of strange accounting principles that has nothing to do with the GAAP. Just to clarify that I ...	Consul	1	1080	Fri Aug 26 17:55 2011 by Wella
	Allowable Expense (Preview) Hi, My client rents a room to carry out her beauty treatments can I deduct the rent as an allowable expense? Thank you.	Vicki Newman	5	1078	Fri Aug 26 16:49 2011 by Consul
	Any missing details... :/ (Preview) I have been working with/for a financial advisor now for a good few months, and its going well, (i hope... lol). This client we have has one buy to let property with all assioiated incomings and out goings. I've compiled all the information and have set up a basic Balance sheet. As shown:GROSS earnings...	ClawzCTR	6	1055	Fri Aug 26 13:39 2011 by gbm
	Problem with opening new nominal code. (Preview) Good morning everyone, I hope someone can help me.I am using sage line 50. On the bank statement, here is a money transfer between 2 bank account with ref: Tax retainer. (the transfer is made for putting money aside to pay my tax bill.) I need to open new nominal code for HMRC. Because my accountant want...	nicely	3	1386	Fri Aug 26 10:46 2011 by attilabenko
	Not quite sure where to start.... (Preview) Good Evening all! Following on from a previous post, Bad Bookkeeping, I have taken on another client who is in a bit of a mess. My first port of call in this sort of situation is usually the bank rec to make sure that everything has been posted correctly. In this instance though, I'm at a bit of a loss. Th...	Kirsty J	9	4648	Thu Aug 25 10:21 2011 by BudgetB
	urgent nominal code problem.. (Preview) I have to put all payment to the system from bank statement. I am using sage line 50. I am confusing abour nominal codes. I need a nominal code for sundries and incidentals. both of them are payment. Another thing is I got one internet banking transfer payment to other account for Tax Retainer. my accoun...	nicely	2	4192	Wed Aug 24 00:11 2011 by nicely
	Bad Debts (Preview) I am trying to create a provision for bad debt account and a bad debt account. The provision being 20% of A/R and bad debt those A/R 90 days overdue. I know that the bad debt account will affect the P&L but I am not sure how the Provision will affect the final accounts. Further, how do i go about writing o...	Consul	2	4936	Tue Aug 23 13:22 2011 by Consul
	Creating and Updating Records (Preview) Is it possible to check if and when customer / supplier details have been amended / updated? I can see when the account was opened when I double click and look at credit control on the right in credit review, but this is the original date of when the account was opened. Thank-you	JB	2	2122	Mon Aug 22 18:04 2011 by JB
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