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

Staceyrizzo86 · Staceyrizzo86

Hi! I am currently doing books for a Sole Trader, he is also employed and paid through PAYE. His bank account is used for both business and personal use and as it stands is bank statement will not reconcile with his books. I have all the receipts for purchases (business only) and invoices for monies r...

Chriss · Chriss

Please can someone advise me what to do with the following transactions. A payment was made from the bank for 600, the other entry for this was debit loan a/c 600, this left 600 still outstanding on the loan a/c in sage, then the bank debited 550 into our a/c, stating this was an overpayment on the loan...

Starfish · Starfish

Hi All,I think I understand from various books that the credit balances in a Purchases Ledger are totalled and then classified under Creditors in a Trial Balance. These would be outstanding balances that a business owes to its suppliers. Its figure is then finally transferred to a Balance Sheet und...

Lisa68 · Lisa68

Hi all, For a company that is exempt from VAT how do I enter the purchase invoices on sage, do I show the net and VAT seperately even though it won't be claimed back but may be in the future if the company goes over the threshold, or do I enter the invoices including VAT on a T0 tax code?? Many thanks.

Stef · Stef

Hi Need help with a sage nominal code Landlord rent deposit I don't have a nominal code set up in Sage Can someone help me to set it up,and is deposit a liability or an expense or else Thank you, Stef

RuthA · RuthA

I'm completing the books for a small ltd company in their second year of trading. Last year's accounts were filed by an accountant but I have discovered that the bank balance shown on the accounts is wrong - it completely omits an account that had a balance of £8000. Something else must have been missed...

Liz · Liz

Can anyone please advise me how to post a new vehicle puchase on SAGE which has been financed by HP. I have posted the invoice to the puchase Ledger account splitting out the RFL and added the remaining cost to the FA register to depreciate. I need to clear the remaining balance and transfer this to t...

Peasie · Peasie

The worst thing about bookkeeping forums is you read all these problems people are having and you get it into your head you will get ALL the problems EVERONE has EVER encountered while bookkeeping.

Ridesy · Ridesy

Guys/Ladies, Advice needed, as we have an aging mail server in the office that was a year old when we bought it and we are depreciating this in books at 33% per year, but need to replace this now with one year left of the three it would take to write down to zero. Basically the server is now three years old and...

sally-anne · sally-anne

Hi Guys I am learning extended trial balances,one of my excercises has shares in it, don,t want to look at the answer, cos I like to work things out myself, but I am stuck. On the trial balance there is ordinary 50p share capital, balance 145,000, this 145,000 balance does this mean 290,000 shares in is...

Koonstheman · Koonstheman

Greetings. My company has just decided to literally split in two, across product lines. However, there are plans to share some of the legacy resources such as, coincidentally, yours truly as well as typical overhead items such as marketing, rent, etc. How can such processes be executed and account...

mushroom · mushroom

Hi, I have a client (just recently engaged my services) who has SA returns needing filed from 06 to date (don't ask). I filed his outstanding returns from 07-08 online, but couldn't get the 06-07 one filed via the HMRC software. I looked at external filing software, and as I only have the one and don't w...

lyns · lyns

Hi Guys Im looking for advice as to what course i should study next. I began my studies with Pitman Training Level 2 Book-Keeping Diploma via distance learning which covered everything for manual book-keeping and im currently studying PayroLl and sage 50 to complete the course. So far i have passed a...

Amanda · Amanda

Hi Everyone, Had a frustating afternoon trying to custom install Sage Instants V17. Anyway I already hace 2 other Sages instants on my laptop for other clients, so thought custome install was best. Got into the custom install and renames the path no probs even took out the Sage bit altogether, well...

Amanda · Amanda

Hi Everyone, I am registered through HMRC for MLR as I'm not a full member yet for AAT (still a student), anyway about 3 months ago I had an external agency rang me up asking to do a survey on HMRC money Laundering, anyway answered loads of questions, and to be honest alot weren't relevent to my business. ...

Annasweetbaby · Annasweetbaby

Good Morning! I am terriblely sorry for having to ask questions in Sunday morning, but I really can't go out to play if I don't understand these (This is sad... I know), anyway here they are: 1 - about reverse the opening accrual and prepayment This is the area I always feel not sure about - all the text boo...

lyns · lyns

Hi Guys, Does anyone from this forum live in Scotland/Highlands?? Just wondered. Ta Lyns

morgwick · morgwick

Hi, does anyone find that they have clients that pay you your fees via someone else? I only have a few clients, and to be honest they haven't been the easiest. One has just dropped off a cheque for £35 (should have been £30) and the cheque is from someone I don't know. The signature on the cheque is in a diffe...

philfer · philfer

Hi, Does anyone know any good resources to learn the correct way to do mutli currency bookkeeping including all the journal entries. If I take a cash deposit from a customer in USD I :- Dr Bank Cr Deposit (liability) If I then do a spot FX to convert the cash into GBP I :- Cr Bank but wh...

Freifer · Freifer

Ok i am a first year accounting student, this summer i was looking to get work experience. The local firms around my area all said no. But loooking online i found two firms KBM and St Marys who would train and get me a work placement but for some money. The prices are £720, should i go for it or are their place...

Topic		Started By	Replies	Views	Last Post
	Personal and Business Bank Account (Preview) Hi! I am currently doing books for a Sole Trader, he is also employed and paid through PAYE. His bank account is used for both business and personal use and as it stands is bank statement will not reconcile with his books. I have all the receipts for purchases (business only) and invoices for monies r...	Staceyrizzo86	1	3301	Mon Jun 13 09:30 2011 by gbm
	Not sure what to do (Preview) Please can someone advise me what to do with the following transactions. A payment was made from the bank for 600, the other entry for this was debit loan a/c 600, this left 600 still outstanding on the loan a/c in sage, then the bank debited 550 into our a/c, stating this was an overpayment on the loan...	Chriss	7	1789	Sun Jun 12 18:57 2011 by Chriss
	Debit Balances In The Purchases Ledger (Relevant Forum) (Preview) Hi All,I think I understand from various books that the credit balances in a Purchases Ledger are totalled and then classified under Creditors in a Trial Balance. These would be outstanding balances that a business owes to its suppliers. Its figure is then finally transferred to a Balance Sheet und...	Starfish	6	5011	Sun Jun 12 18:00 2011 by Stardoe
	Sage question (Preview) Hi all, For a company that is exempt from VAT how do I enter the purchase invoices on sage, do I show the net and VAT seperately even though it won't be claimed back but may be in the future if the company goes over the threshold, or do I enter the invoices including VAT on a T0 tax code?? Many thanks.	Lisa68	5	1614	Sun Jun 12 16:49 2011 by Lisa68
	Sage nominal code (Preview) Hi Need help with a sage nominal code Landlord rent deposit I don't have a nominal code set up in Sage Can someone help me to set it up,and is deposit a liability or an expense or else Thank you, Stef	Stef	5	8273	Sat Jun 11 11:57 2011 by Stef
	Opening balance inaccuracy (Preview) I'm completing the books for a small ltd company in their second year of trading. Last year's accounts were filed by an accountant but I have discovered that the bank balance shown on the accounts is wrong - it completely omits an account that had a balance of £8000. Something else must have been missed...	RuthA	1	1478	Sat Jun 11 10:29 2011 by MarkS
	New Vehicle (Preview) Can anyone please advise me how to post a new vehicle puchase on SAGE which has been financed by HP. I have posted the invoice to the puchase Ledger account splitting out the RFL and added the remaining cost to the FA register to depreciate. I need to clear the remaining balance and transfer this to t...	Liz	2	4007	Fri Jun 10 22:09 2011 by Liz
	(For people not yet started) The worst thing about forums is...... (Preview) The worst thing about bookkeeping forums is you read all these problems people are having and you get it into your head you will get ALL the problems EVERONE has EVER encountered while bookkeeping.	Peasie	10	3954	Fri Jun 10 19:16 2011 by ghis
	Depreciation - write off old server (Preview) Guys/Ladies, Advice needed, as we have an aging mail server in the office that was a year old when we bought it and we are depreciating this in books at 33% per year, but need to replace this now with one year left of the three it would take to write down to zero. Basically the server is now three years old and...	Ridesy	1	2088	Fri Jun 10 13:38 2011 by MarkS
	Shares Question (Preview) Hi Guys I am learning extended trial balances,one of my excercises has shares in it, don,t want to look at the answer, cos I like to work things out myself, but I am stuck. On the trial balance there is ordinary 50p share capital, balance 145,000, this 145,000 balance does this mean 290,000 shares in is...	sally-anne	2	1419	Thu Jun 9 15:09 2011 by sally-anne
	How to account for shared resources across two different companies (Preview) Greetings. My company has just decided to literally split in two, across product lines. However, there are plans to share some of the legacy resources such as, coincidentally, yours truly as well as typical overhead items such as marketing, rent, etc. How can such processes be executed and account...	Koonstheman	3	3466	Wed Jun 8 16:30 2011 by gbm
	Can I still file a SA online for 06-07? (Preview) Hi, I have a client (just recently engaged my services) who has SA returns needing filed from 06 to date (don't ask). I filed his outstanding returns from 07-08 online, but couldn't get the 06-07 one filed via the HMRC software. I looked at external filing software, and as I only have the one and don't w...	mushroom	3	4780	Tue Jun 7 19:10 2011 by YLB-HO
	where next??? (Preview) Hi Guys Im looking for advice as to what course i should study next. I began my studies with Pitman Training Level 2 Book-Keeping Diploma via distance learning which covered everything for manual book-keeping and im currently studying PayroLl and sage 50 to complete the course. So far i have passed a...	lyns	5	7657	Tue Jun 7 18:15 2011 by lyns
	Custom installing Sage V17 Instants - Help please (Preview) Hi Everyone, Had a frustating afternoon trying to custom install Sage Instants V17. Anyway I already hace 2 other Sages instants on my laptop for other clients, so thought custome install was best. Got into the custom install and renames the path no probs even took out the Sage bit altogether, well...	Amanda	9	6025	Mon Jun 6 21:26 2011 by Amanda
	HMRC Monely Laundering - Risk Assessment (Preview) Hi Everyone, I am registered through HMRC for MLR as I'm not a full member yet for AAT (still a student), anyway about 3 months ago I had an external agency rang me up asking to do a survey on HMRC money Laundering, anyway answered loads of questions, and to be honest alot weren't relevent to my business. ...	Amanda	12	13542	Mon Jun 6 17:48 2011 by Lrudge
	A few questions for Sage 50 please? (Preview) Good Morning! I am terriblely sorry for having to ask questions in Sunday morning, but I really can't go out to play if I don't understand these (This is sad... I know), anyway here they are: 1 - about reverse the opening accrual and prepayment This is the area I always feel not sure about - all the text boo...	Annasweetbaby	7	10145	Mon Jun 6 10:39 2011 by Annasweetbaby
	Anyone living in Scotland? Specifically the Highlands (Preview) Hi Guys, Does anyone from this forum live in Scotland/Highlands?? Just wondered. Ta Lyns	lyns	1	3307	Mon Jun 6 08:56 2011 by MarkS
	Fees being paid by someone else (Preview) Hi, does anyone find that they have clients that pay you your fees via someone else? I only have a few clients, and to be honest they haven't been the easiest. One has just dropped off a cheque for £35 (should have been £30) and the cheque is from someone I don't know. The signature on the cheque is in a diffe...	morgwick	4	4831	Sun Jun 5 12:28 2011 by gbm
	multi currency bookkeeping (Preview) Hi, Does anyone know any good resources to learn the correct way to do mutli currency bookkeeping including all the journal entries. If I take a cash deposit from a customer in USD I :- Dr Bank Cr Deposit (liability) If I then do a spot FX to convert the cash into GBP I :- Cr Bank but wh...	philfer	0	4392	Sat Jun 4 18:20 2011 by philfer
	Training and work experience (Preview) Ok i am a first year accounting student, this summer i was looking to get work experience. The local firms around my area all said no. But loooking online i found two firms KBM and St Marys who would train and get me a work placement but for some money. The prices are £720, should i go for it or are their place...	Freifer	2	7585	Fri Jun 3 22:08 2011 by Freifer
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