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

CJHumphries · CJHumphries

Good morning, New to the forum so I hope this question hasn't been asked to many times before. I need a little clarification as my CEO has been told one thing by his old accountant that I don't think is correct. The situation is he has been told that because we factor our invoices and we use the cash account...

Jay · Jay

Good afternoon all. Having recently submitted a client's SA Return I was surprised to receive a correction from HMRC, as I tend to undertake manual calculations (old school ) as well as using Taxcalc. The client has 2 PAYE employments, and one self employment and a high rate taxpayer. The issue arise...

Kim61 · Kim61

I have a difference between my purchase ledger and control account. The difference is historical and although I have gone back I cannot find where it is, but think the ledger is correct. How can I correct this so they balance as they should. Thanks

pictures · pictures

Hi folks. I've been a bit quiet on here recently, work plus family commitments including a rather scary family emergency has meant a bit of a frazzled few weeks. Anyway. I've been thinking recently about my future. Many of you know this but my background is that I used to be self employed as was my hus...

Dorota85 · Dorota85

Hello I would like some help regards share capital double entry. I am preparing company financial statements and my clients used personal account for business purpose. I cheched companies house and he issued 1000 shares with £10 amount paid. I am not sure about double entry of these transactions...

jaykay · jaykay

Does anyone use brightpay? I am trying to figure out how to calculate holiday pay for weekly paid staff who get paid different hourly rates e.g staff member works 30hours but gets paid at £10 for 15hrs and £11 for 15 hrs. Brightpay calculated the hours accrued for leave but doesn't give you the average...

louisajones1 · louisajones1

Hello I have over 15 years experience working in accounts.Covering all aspects of Sales Ledger, Purchase Ledger, Bank Reconciliations, Cashflow forecasting & payroll upto 120 people p/month.Last year I gained my AAT Qualification.Currently I work full time as a Nominal Ledger controlle...

Robbi46 · Robbi46

Hi all, well this is my first post on here for some advice that would be much appreciated. I work in practice and have done now for 12 months after some years in manufacturing, so will also hopefully be able to throw my tuppence in when needed, seems like a great forum wish id found you guys sooner!! Ive tak...

matt123 · matt123

I have one client who holds investment property through a company. Upon adopting FRS 102 the property need to be valued and any gains posted to a fair value reserve. Taxfiler doesn't have this option (only revaluation reserve). Is there a workaround? Could it be posted to retained earnings and a dis...

by_claire · by_claire

Hi, I'm a freelance graphic designer attempting to do my own book-keeping this year. Would someone who's au fait with Sage be kind enough to help? I need to include all of my lunch expenses in the app (I think I'm entitled to up to £10 a day for food)? At the moment I have a huge pile of receipts I need to file a...

matt123 · matt123

Had a conversation with a fellow accountant lately about mileage when an employee collects and asset using personal vehicle. For example, director of limited company collected a slush machine. Approx 200 mile round trip. Machine was £1500 so I calculated 200x.45p giving me £90. Put the asset in th...

barbara123 · barbara123

Good evening, my first post here, hope to find some help please as google search did not bring anything up really A friend is setting up a business, she is going to buy baby clothes from members of public who advertise on fb, gumtree etc and sell them on. How would she account for those purchases/cos with...

Low1 · Low1

Hi everyone, I haven't done accruals and prepayments for a long time and I can't quite remember how it goes - any help appreciated. I have an insurance invoice for this year, i have entered it as normal. I then need to do a journal dr prepayments cr insurance then when payment is receive cr prepayments dr...

risebookkeeping · risebookkeeping

I am just starting out and awaiting my ICB practise licence and insurance etc but would like some thoughts on my website. What can I do better, what looks rubbish. Just peoples general opinions would be great....but don't be too harsh! Thanks www.risebookkeepingservices.com

KLhey · KLhey

Hello, Ok, I'm struggling here. Could anyone tell me the correct way to do the bookkeeping for mileage allowance paid to a director or employee of a Limited VAT registered company? I have a client who used to send his list of mileage to the previous bookkeeper and she would add it on as a motor expense and...

Gleaming Insurance · Gleaming Insurance

Dear Sir/Madam. I apologise for this unusual approach but we are an insurance broking business that specialises in insurance for cleaning companies. We have 5,000 customers and a database of over 25,000 cleaning companies who we are permitted to email (under GDPR). We are looking to offer ince...

Andre · Andre

Most discussions about exchange rate fluctuations seem to centre around differences due to time lags, e.g. the delay between being invoiced and making the payment. But what if the difference in exchange rate is not due to any time delay but is due to, for example, the credit card company choosing a ra...

Cheshire · Cheshire

Rant time. HSBC business (and as it happens personal) online banking once again not working and once again, like HMRC, they dont put the updates on the front page to let you know, so you think its just you and waste an inordinate amount of time clearing cookies and logging off etc. Being doing the same fo...

Artois · Artois

Only 2 days old and messed up already, client emailed me this morning with a copy of a letter attached (not password protected) and I replied to the email without deleting the attachment, Just shows how easy it is to forget!

Gufran · Gufran

Hi all We have got a new client who has the business of residential property letting. The important aspect is that we have to maintain client account and that is in QuickBooks. Please can you suggest how the client accounting works in QuickBooks online i haven't done this before. How can we maintain c...

Topic		Started By	Replies	Views	Last Post
	VAT cash accounting with Invoice finance (Preview) Good morning, New to the forum so I hope this question hasn't been asked to many times before. I need a little clarification as my CEO has been told one thing by his old accountant that I don't think is correct. The situation is he has been told that because we factor our invoices and we use the cash account...	CJHumphries	13	2417	Tue Aug 7 17:01 2018 by VinceH
	HMRC NIC Correction (Preview) Good afternoon all. Having recently submitted a client's SA Return I was surprised to receive a correction from HMRC, as I tend to undertake manual calculations (old school ) as well as using Taxcalc. The client has 2 PAYE employments, and one self employment and a high rate taxpayer. The issue arise...	Jay	2	1454	Thu Aug 2 13:33 2018 by Cheshire
	Correcting a Difference between control account adn purchase ledger (Preview) I have a difference between my purchase ledger and control account. The difference is historical and although I have gone back I cannot find where it is, but think the ledger is correct. How can I correct this so they balance as they should. Thanks	Kim61	5	1390	Wed Aug 1 21:25 2018 by ChrisBolton
	The next Step (Preview) Hi folks. I've been a bit quiet on here recently, work plus family commitments including a rather scary family emergency has meant a bit of a frazzled few weeks. Anyway. I've been thinking recently about my future. Many of you know this but my background is that I used to be self employed as was my hus...	pictures	6	1782	Fri Jul 27 09:42 2018 by pictures
	Share capital double entry (Preview) Hello I would like some help regards share capital double entry. I am preparing company financial statements and my clients used personal account for business purpose. I cheched companies house and he issued 1000 shares with £10 amount paid. I am not sure about double entry of these transactions...	Dorota85	9	1671	Wed Jul 25 23:26 2018 by Leger
	Bright Pay and Holiday Pay (Preview) Does anyone use brightpay? I am trying to figure out how to calculate holiday pay for weekly paid staff who get paid different hourly rates e.g staff member works 30hours but gets paid at £10 for 15hrs and £11 for 15 hrs. Brightpay calculated the hours accrued for leave but doesn't give you the average...	jaykay	5	1593	Wed Jul 25 23:15 2018 by Leger
	Advice on starting a a Bookkeeping sideline (Preview) Hello I have over 15 years experience working in accounts.Covering all aspects of Sales Ledger, Purchase Ledger, Bank Reconciliations, Cashflow forecasting & payroll upto 120 people p/month.Last year I gained my AAT Qualification.Currently I work full time as a Nominal Ledger controlle...	louisajones1	9	2198	Sat Jun 30 11:19 2018 by Cheshire
	Supplier Invoices Sage - (Preview) Hi all, well this is my first post on here for some advice that would be much appreciated. I work in practice and have done now for 12 months after some years in manufacturing, so will also hopefully be able to throw my tuppence in when needed, seems like a great forum wish id found you guys sooner!! Ive tak...	Robbi46	6	1775	Wed Jun 27 10:52 2018 by Robbi46
	Taxfiler / Property Accounts (Preview) I have one client who holds investment property through a company. Upon adopting FRS 102 the property need to be valued and any gains posted to a fair value reserve. Taxfiler doesn't have this option (only revaluation reserve). Is there a workaround? Could it be posted to retained earnings and a dis...	matt123	4	1808	Tue Jun 26 08:15 2018 by matt123
	Lunch expenses #expenses #lunchexpenses #travelexpenses (Preview) Hi, I'm a freelance graphic designer attempting to do my own book-keeping this year. Would someone who's au fait with Sage be kind enough to help? I need to include all of my lunch expenses in the app (I think I'm entitled to up to £10 a day for food)? At the moment I have a huge pile of receipts I need to file a...	by_claire	11	1885	Sun Jun 24 22:33 2018 by Leger
	Mileage for asset purchases. (Preview) Had a conversation with a fellow accountant lately about mileage when an employee collects and asset using personal vehicle. For example, director of limited company collected a slush machine. Approx 200 mile round trip. Machine was £1500 so I calculated 200x.45p giving me £90. Put the asset in th...	matt123	10	1565	Sun Jun 24 17:03 2018 by Casu
	accounting for purchases from members of public (Preview) Good evening, my first post here, hope to find some help please as google search did not bring anything up really A friend is setting up a business, she is going to buy baby clothes from members of public who advertise on fb, gumtree etc and sell them on. How would she account for those purchases/cos with...	barbara123	9	1958	Sun Jun 24 12:32 2018 by Cheshire
	Accruals and prepayment help please (Preview) Hi everyone, I haven't done accruals and prepayments for a long time and I can't quite remember how it goes - any help appreciated. I have an insurance invoice for this year, i have entered it as normal. I then need to do a journal dr prepayments cr insurance then when payment is receive cr prepayments dr...	Low1	10	2143	Thu Jun 21 09:45 2018 by matt123
	New website...opinions (Preview) I am just starting out and awaiting my ICB practise licence and insurance etc but would like some thoughts on my website. What can I do better, what looks rubbish. Just peoples general opinions would be great....but don't be too harsh! Thanks www.risebookkeepingservices.com	risebookkeeping	11	1481	Wed Jun 13 20:36 2018 by VinceH
	Bookkeeping for mileage (Preview) Hello, Ok, I'm struggling here. Could anyone tell me the correct way to do the bookkeeping for mileage allowance paid to a director or employee of a Limited VAT registered company? I have a client who used to send his list of mileage to the previous bookkeeper and she would add it on as a motor expense and...	KLhey	5	2141	Wed Jun 13 19:10 2018 by Cheshire
	Looking for accountants to offer discounts to our customers/prospects (Preview) Dear Sir/Madam. I apologise for this unusual approach but we are an insurance broking business that specialises in insurance for cleaning companies. We have 5,000 customers and a database of over 25,000 cleaning companies who we are permitted to email (under GDPR). We are looking to offer ince...	Gleaming Insurance	8	1522	Wed Jun 13 19:03 2018 by Cheshire
	Exchange Rate differences (Preview) Most discussions about exchange rate fluctuations seem to centre around differences due to time lags, e.g. the delay between being invoiced and making the payment. But what if the difference in exchange rate is not due to any time delay but is due to, for example, the credit card company choosing a ra...	Andre	8	1262	Thu Jun 7 19:34 2018 by Shamus
	HS Useless BC! (Preview) Rant time. HSBC business (and as it happens personal) online banking once again not working and once again, like HMRC, they dont put the updates on the front page to let you know, so you think its just you and waste an inordinate amount of time clearing cookies and logging off etc. Being doing the same fo...	Cheshire	8	1360	Wed Jun 6 11:13 2018 by pictures
	Have I breached GDPR already? (Preview) Only 2 days old and messed up already, client emailed me this morning with a copy of a letter attached (not password protected) and I replied to the email without deleting the attachment, Just shows how easy it is to forget!	Artois	27	2070	Wed Jun 6 11:11 2018 by pictures
	Letting Agents Accounting in QBO (Preview) Hi all We have got a new client who has the business of residential property letting. The important aspect is that we have to maintain client account and that is in QuickBooks. Please can you suggest how the client accounting works in QuickBooks online i haven't done this before. How can we maintain c...	Gufran	2	1187	Tue Jun 5 19:18 2018 by Cheshire
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