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

Tedius · Tedius

Hello again, I've got another question regarding my level 3 manual bookkeeping course. I'm not sure how I'm supposed to process a revaluation of an asset. Bellow I've outline a question I was given. On the trial balance I haveProperty Dr £250,000Property Depreciation Cr £55,000 At...

kay · kay

Hello all Can you please help me here. I have a purchase of stock in Jan, but the full invoiced amount was also credited by the supplier in Jan, the product needs to go back. However, the invoice to customer has not been credited yet, as the product has not been returned. This order doesnt show up...

geek84 · geek84

Hi Folks I have completed my manual & computerised level 2 book keeping course. Do you think I have enough knowledge to do 'the books' for a sole trader. e.g. window cleaner? ... or would I need to have further qualifications? Thank You.

sage123 · sage123

Hi All, Just confused with the prepayments and accruals. I understand the concepts well, but when put into practise, it goes terribly wrong. I need these figures for month end. We have been using a excel spreedsheet for finding out the amount, but it all seems very confusing. Can somebody help me plea...

jazzyjeff · jazzyjeff

Hi guys, I have a possible client...I am qualified to do the book for sole traders, but do self employed people come under this. This client is a self employed car sales and repairs person for a car company??!! Thankyou in advance. Jazzyjeff

Tedius · Tedius

Hello everyone, I'm currently in the process of taking my level 3 manual bookkeeping, and I've got a bit stuck on how to deal with damaged stock. For example say I'm doing the books for a club who sell t-shirts to members for £15 each, and the cost to the club is £10 per shirt. Now a case of 25 shirts has got s...

katec · katec

Hi All Is there any contractor bookkeeping guru's out there? I have question about a contractor being able to claim expenses. I have a client who worked permanently for Company A for 12 years and left the company for their own reasons and moved to another permanent job (Company B). Six months later Co...

ck1974 · ck1974

My hubby plays a vital role in my business, types, files and does the banking, answering the phone etc. Is it legal to pay him anything without being on a PAYE scheme ?

ck1974 · ck1974

Im closing my business as I just found out Im expecting twins and am really not going to have the time to run that and look after them. I have a car that I claim for through my accounts, Do I need to get rid of this from the accounts and transfer it to me ? Thanks in advance.

BackOfficeGroup · BackOfficeGroup

Hi guys I have been so busy that I have not been on here much lately. A quick question, as I have not the time to look myself, is the AIA still on for this year, as I have a client who want to purchase a van and I want to make sure he can claim 100% of the cost - the van is under the 50k limit! Cheers. P

ck1974 · ck1974

Hi, does anyone know if there are any "free" downloads out there where I can get a loan agreement form. I am lending a friend some money but want to do it the right way but not have to pay for the priveledge. Many thanks.

Haler · Haler

Hi There, This is my first time posting, exciting to see what sort of response I will get and thanks in advance for any help. I have a client who basically has been paying a subcontractor and deducting the 20% tax for the year 2009/10. He has a record of all payments and deductions but heres the thing! The s...

Amanda · Amanda

Hi Everyone, My brain is abit mush today and can't for the life of me think that journal entry I should be doing. I pay for my Mobile Telephone through my business account and need to take off the personal usuage which is about 25%. What journal should I do for it? I use QB, so just the accounts that need deb...

DJL · DJL

Hi all, I'm a bookkeeper/accounts manager for an SME for my full time job, worked in an accountancy practise but that was over 4 years ago and have forgot the correct procedure for capital allowances and Asset disposals. (currently doing my partners accounts and tax return). His year end is February...

ck1974 · ck1974

What are the odds of a sole propreitor self assessment and accounts being checked and then three months later one of his contractors gets checked... is it just me or does it seem like a conspiracy ??

Hana88 · Hana88

Hi All, I wonder if someone could help me please? I am currently entering all transactions into the day books on a spreadsheet and wondered how would I record any purchases via credit card? Would I open a new spreadsheet to record all credit card transactions? Many Thanks for your help, Hannah

ck1974 · ck1974

Hiya folks, advice needed again if possible. I have just been going through all my papers and cant seem to find some receipts to tie up with my bank statements.... things like petrol, stationery and the like. Can I still claim for these as they clearly show on the bank statement staples etc or do I need to...

Lumpy · Lumpy

Perhaps the learned members would be kind enough to give their thoughts on the following: Should the MAP which is paid to employees to use their own vehicle on company business be posted under Cost of Sales or Overheads? (BTW I don't use Sage so no posting account codes please.)

SIMPST · SIMPST

Hi everyone, I really need some advise, but first of all i will introduce myself! Im finally starting out! i have been book keeping for my husbands building business for 8 years or so now (is Ltd so goes to an Accountant for final accounts), and been helping the odd soletrader friend for free I had don...

SamBook · SamBook

Hello All, What would the correct entries be in sage for the following situation: Business owner has an invoiceInvoice is paid by business owners other halfBusiness gives the other half a cheque to cover the invoice they paid This is probably really simple but cannot get my head around it!! Any help g...

Topic		Started By	Replies	Views	Last Post
	Revaluation of fixed assets (Preview) Hello again, I've got another question regarding my level 3 manual bookkeeping course. I'm not sure how I'm supposed to process a revaluation of an asset. Bellow I've outline a question I was given. On the trial balance I haveProperty Dr £250,000Property Depreciation Cr £55,000 At...	Tedius	5	10626	Thu Feb 3 17:50 2011 by Stardoe
	Another stock question! (Preview) Hello all Can you please help me here. I have a purchase of stock in Jan, but the full invoiced amount was also credited by the supplier in Jan, the product needs to go back. However, the invoice to customer has not been credited yet, as the product has not been returned. This order doesnt show up...	kay	2	1153	Thu Feb 3 17:42 2011 by kay
	Starting out as a book keeper (Preview) Hi Folks I have completed my manual & computerised level 2 book keeping course. Do you think I have enough knowledge to do 'the books' for a sole trader. e.g. window cleaner? ... or would I need to have further qualifications? Thank You.	geek84	13	2828	Thu Feb 3 16:50 2011 by redsan36
	Accruals and Prepayments (Preview) Hi All, Just confused with the prepayments and accruals. I understand the concepts well, but when put into practise, it goes terribly wrong. I need these figures for month end. We have been using a excel spreedsheet for finding out the amount, but it all seems very confusing. Can somebody help me plea...	sage123	11	8165	Thu Feb 3 13:57 2011 by Nicola27
	self employed client (Preview) Hi guys, I have a possible client...I am qualified to do the book for sole traders, but do self employed people come under this. This client is a self employed car sales and repairs person for a car company??!! Thankyou in advance. Jazzyjeff	jazzyjeff	14	2057	Thu Feb 3 08:47 2011 by cheapaccounting
	Howto take account of damaged stock (Preview) Hello everyone, I'm currently in the process of taking my level 3 manual bookkeeping, and I've got a bit stuck on how to deal with damaged stock. For example say I'm doing the books for a club who sell t-shirts to members for £15 each, and the cost to the club is £10 per shirt. Now a case of 25 shirts has got s...	Tedius	5	7057	Wed Feb 2 16:49 2011 by Wella
	24 month contractor rule (Preview) Hi All Is there any contractor bookkeeping guru's out there? I have question about a contractor being able to claim expenses. I have a client who worked permanently for Company A for 12 years and left the company for their own reasons and moved to another permanent job (Company B). Six months later Co...	katec	12	5415	Tue Feb 1 21:26 2011 by katec
	Spouse payments (Preview) My hubby plays a vital role in my business, types, files and does the banking, answering the phone etc. Is it legal to pay him anything without being on a PAYE scheme ?	ck1974	25	2518	Tue Feb 1 11:54 2011 by ck1974
	Ending a business (Preview) Im closing my business as I just found out Im expecting twins and am really not going to have the time to run that and look after them. I have a car that I claim for through my accounts, Do I need to get rid of this from the accounts and transfer it to me ? Thanks in advance.	ck1974	19	1808	Tue Feb 1 11:20 2011 by ck1974
	AIA allowances (Preview) Hi guys I have been so busy that I have not been on here much lately. A quick question, as I have not the time to look myself, is the AIA still on for this year, as I have a client who want to purchase a van and I want to make sure he can claim 100% of the cost - the van is under the 50k limit! Cheers. P	BackOfficeGroup	2	1094	Tue Feb 1 09:05 2011 by BackOfficeGroup
	Loan to friend (Preview) Hi, does anyone know if there are any "free" downloads out there where I can get a loan agreement form. I am lending a friend some money but want to do it the right way but not have to pay for the priveledge. Many thanks.	ck1974	1	1151	Mon Jan 31 20:11 2011 by steverabago
	CIS Payment & Deduction (Preview) Hi There, This is my first time posting, exciting to see what sort of response I will get and thanks in advance for any help. I have a client who basically has been paying a subcontractor and deducting the 20% tax for the year 2009/10. He has a record of all payments and deductions but heres the thing! The s...	Haler	10	6785	Mon Jan 31 14:59 2011 by Haler
	journal entry required some help with pls (Preview) Hi Everyone, My brain is abit mush today and can't for the life of me think that journal entry I should be doing. I pay for my Mobile Telephone through my business account and need to take off the personal usuage which is about 25%. What journal should I do for it? I use QB, so just the accounts that need deb...	Amanda	3	1359	Mon Jan 31 10:44 2011 by BudgetB
	How to take account of Capital allowances BFWD against asset Disposal (Loss) (Preview) Hi all, I'm a bookkeeper/accounts manager for an SME for my full time job, worked in an accountancy practise but that was over 4 years ago and have forgot the correct procedure for capital allowances and Asset disposals. (currently doing my partners accounts and tax return). His year end is February...	DJL	1	2889	Mon Jan 31 05:33 2011 by gbm
	Conspiracy theory (Preview) What are the odds of a sole propreitor self assessment and accounts being checked and then three months later one of his contractors gets checked... is it just me or does it seem like a conspiracy ??	ck1974	6	1642	Sun Jan 30 19:54 2011 by gbm
	Credit Card Purchases (Preview) Hi All, I wonder if someone could help me please? I am currently entering all transactions into the day books on a spreadsheet and wondered how would I record any purchases via credit card? Would I open a new spreadsheet to record all credit card transactions? Many Thanks for your help, Hannah	Hana88	3	1503	Sun Jan 30 18:25 2011 by Hana88
	Lost receipts (Preview) Hiya folks, advice needed again if possible. I have just been going through all my papers and cant seem to find some receipts to tie up with my bank statements.... things like petrol, stationery and the like. Can I still claim for these as they clearly show on the bank statement staples etc or do I need to...	ck1974	4	1784	Sun Jan 30 15:15 2011 by ck1974
	Mileage Allowance Payments (Preview) Perhaps the learned members would be kind enough to give their thoughts on the following: Should the MAP which is paid to employees to use their own vehicle on company business be posted under Cost of Sales or Overheads? (BTW I don't use Sage so no posting account codes please.)	Lumpy	9	2246	Fri Jan 28 13:26 2011 by cheapaccounting
	Annual Investment Allowance (Preview) Hi everyone, I really need some advise, but first of all i will introduce myself! Im finally starting out! i have been book keeping for my husbands building business for 8 years or so now (is Ltd so goes to an Accountant for final accounts), and been helping the odd soletrader friend for free I had don...	SIMPST	7	3664	Thu Jan 27 18:43 2011 by SIMPST
	Help with a 3rd party paying bills! (Preview) Hello All, What would the correct entries be in sage for the following situation: Business owner has an invoiceInvoice is paid by business owners other halfBusiness gives the other half a cheque to cover the invoice they paid This is probably really simple but cannot get my head around it!! Any help g...	SamBook	3	1512	Wed Jan 26 17:57 2011 by SamBook
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