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

Leger · Leger

I do some admin which includes invoicing and my client is currently working on a fencing contract. The agreement is that he is paid every 4 weeks based on meterage but to ease cash flow he and his subbies are paid weekly based on hours worked. eg 4 week job based on meterage will come to (say) £10k but he i...

Leger · Leger

One of my clients (I will call him Dave) will shortly be commercially renting out a caravan on a country park. It was bought about 2.5 years ago for him to live in, by his Dad, on a HP agreement, with the priviso Dave repay the loan. His Dad died 2 years ago and the caravan has passed to his mum, the Finance C...

Gill · Gill

Hi i need help to post a cash transaction. The business has been recently taken over and £10000 has been paid to the seller for stock and prepaid invoices. The following Journals has been posted to balance sheet as part of opening setup on sage:JC directors Loan £10000JD Stock £4000JD Salaries £2500J...

Stevie2929 · Stevie2929

Hi ALL, I was wondering if anyone has encountered the following or could offer advice : My client (a sole trader) has purchased a new car, which is used daily for his business. He is making the payments for the vehicle, insurance, and repairs etc. however the finance agreement is in his wife's name (as s...

AJH · AJH

I am data inputting into XERO. Its driving me NUTS! They have a rental bank account which all the rents come into from the tenants, they pay the landlord from the same account and the balance left is their fee (inc VAT), how can I allocate the fee to the correct revenue account? I have the rent going into a r...

LJ3080 · LJ3080

Hi we have a sales rep who regularly travels to Germany to check on our customers. Whilst in Germany he records his mileage in his own vehicle and subsistence he pays for personally and reclaims when he returns to our UK based office. He will give me all his EURO receipts on his return along with his bank...

Artois · Artois

Hi All I have a couple of my monthly clients that I am always chasing up to get copies of their Bank Statements, I seem to remember a post on here that discussed being able to get permission that would enable me to view online all their transactions on a read only basis which would be a great help as I do n...

Gail99 · Gail99

Morning - working my way through a pile of employee receipts which materialised on my desk Friday night (hence working Sunday). I have one where a manager has used his company card at the local Starbucks as he went there with his assistant to do a performance review as there was no room at the office. As i...

Artois · Artois

Hi all, just a quickee Do you post AA membership (vehicles not drink) to motor expenses or to subscriptions?

DH · DH

Hi All I am doing the bookkeeping for a business which ceased trading in 2017. There was some plant & machinery which i have disposed off at tax written down value so effectively nil proceeds. The bit thats confusing me is the business received £40k for the sale of its customer base/contacts etc. I...

Jillp0 · Jillp0

Hi all I would appreciate any help you can give me. I currently work as a Company Accountant part time as I have a young child. He is starting at primary school in September so I am considering what to do with my time. I have passed most of my exams for CIMA, only have 3 final stage professional exams left...

mk10018 · mk10018

Hi to all, i'm new here and i have an aat accounts preparation exam coming up soon and i'm having problems understanding part of the answer to this past exam question i've posted below! Regarding the equipment accumulation depreciation account, the answer gives two credit entries of £430 (deprecia...

NA_AA · NA_AA

Hi Previously, you were able to log onto your account on HMRC website and submit small companies accounts for free. Has this service now finished? As this no longer seems possible. Thanks Nadia

Cheshire · Cheshire

Hi BKNers I have set up a Vlookup that drags info from one excel sheet to another. Its a stockbook for the Margin scheme. The main sheet holds the stock numbers, plus data such as purchase price, sales price, sales info (invoice referencing and any notes), profit, VAT (its the margin scheme) etc. An e...

cleather2 · cleather2

Hi All, At last some sunshine to make everyone feel better! My company take a security deposit from new members in case of accident or damage to the equipment hired - this would be refunded on termination of the membership, however is likely to be a few years. Where do you suggest posting this in the CO...

pictures · pictures

I appear to have gained another job - that of Data Controller. On account as I am one of only two people in the company who has even heard of GDPR never mind attempted to implement it. Feeling slightly overwhelmed but am about to start working through the 12 steps and start a data audit. I could be some...

Jay · Jay

Partnership received £800 during 2016/2017 for work undertaken. Customer unhappy with the work, threatened legal action and client eventually repaid the £800 during 2017/2018. No legal fees or order to pay. Would appreciate views on how to show this within VT. I have considered few options tha...

Someone005 · Someone005

Hello everyone This is my first post here This is my first book keeping job as well My client is an event planning company Is there any source where I can view special accounting and book keeping procedures regarding event planning companies? Thanks in advance

Jay · Jay

Good morning all, Having received a phishing email over the weekend informing us of a £340.83 refund being due to us I duly forwarded it to HMRC. However it immediately bounced back with the following message : This message was created automatically by mail delivery software.A message that you...

Leger · Leger

I was browsing an accountants website today and their charge for a subcontractor tax return is £50 dearer than a self employed one. I actually find it quicker to complete straight forward accounts and tax return for subbies than I do for general self employed, and charge accordingly. Maybe it's jus...

Topic		Started By	Replies	Views	Last Post
	Invoicing Question (Preview) I do some admin which includes invoicing and my client is currently working on a fencing contract. The agreement is that he is paid every 4 weeks based on meterage but to ease cash flow he and his subbies are paid weekly based on hours worked. eg 4 week job based on meterage will come to (say) £10k but he i...	Leger	6	1470	Sat Jun 2 14:35 2018 by Cheshire
	Letting out a holiday caravan - on finance but client not the owner. (Preview) One of my clients (I will call him Dave) will shortly be commercially renting out a caravan on a country park. It was bought about 2.5 years ago for him to live in, by his Dad, on a HP agreement, with the priviso Dave repay the loan. His Dad died 2 years ago and the caravan has passed to his mum, the Finance C...	Leger	11	1474	Tue May 29 12:19 2018 by Leger
	Posting a cash transaction on business takeover (Preview) Hi i need help to post a cash transaction. The business has been recently taken over and £10000 has been paid to the seller for stock and prepaid invoices. The following Journals has been posted to balance sheet as part of opening setup on sage:JC directors Loan £10000JD Stock £4000JD Salaries £2500J...	Gill	5	1067	Mon May 28 12:19 2018 by Leger
	Capital Allowances (Preview) Hi ALL, I was wondering if anyone has encountered the following or could offer advice : My client (a sole trader) has purchased a new car, which is used daily for his business. He is making the payments for the vehicle, insurance, and repairs etc. however the finance agreement is in his wife's name (as s...	Stevie2929	4	1325	Sat May 26 12:25 2018 by Cheshire
	Letting Agent Accounts Tenant pays in etc Estate Agents Lettings agents (Preview) I am data inputting into XERO. Its driving me NUTS! They have a rental bank account which all the rents come into from the tenants, they pay the landlord from the same account and the balance left is their fee (inc VAT), how can I allocate the fee to the correct revenue account? I have the rent going into a r...	AJH	1	1215	Fri May 25 17:52 2018 by Cheshire
	Claiming VAT on travel to Germany (Preview) Hi we have a sales rep who regularly travels to Germany to check on our customers. Whilst in Germany he records his mileage in his own vehicle and subsistence he pays for personally and reclaims when he returns to our UK based office. He will give me all his EURO receipts on his return along with his bank...	LJ3080	3	1391	Thu May 24 22:59 2018 by Cheshire
	Bank Statements (Preview) Hi All I have a couple of my monthly clients that I am always chasing up to get copies of their Bank Statements, I seem to remember a post on here that discussed being able to get permission that would enable me to view online all their transactions on a read only basis which would be a great help as I do n...	Artois	12	2107	Sat May 19 11:30 2018 by Leger
	Cup of Coffee Advice (Preview) Morning - working my way through a pile of employee receipts which materialised on my desk Friday night (hence working Sunday). I have one where a manager has used his company card at the local Starbucks as he went there with his assistant to do a performance review as there was no room at the office. As i...	Gail99	5	2184	Sat May 12 19:24 2018 by Shamus
	AA Membership (Preview) Hi all, just a quickee Do you post AA membership (vehicles not drink) to motor expenses or to subscriptions?	Artois	5	1855	Thu May 10 11:29 2018 by Leger
	Business ceased trading and goodwill received (Preview) Hi All I am doing the bookkeeping for a business which ceased trading in 2017. There was some plant & machinery which i have disposed off at tax written down value so effectively nil proceeds. The bit thats confusing me is the business received £40k for the sale of its customer base/contacts etc. I...	DH	12	1822	Tue May 8 13:01 2018 by DH
	Self Employed?? (Preview) Hi all I would appreciate any help you can give me. I currently work as a Company Accountant part time as I have a young child. He is starting at primary school in September so I am considering what to do with my time. I have passed most of my exams for CIMA, only have 3 final stage professional exams left...	Jillp0	7	1771	Sat Apr 28 13:19 2018 by Casu
	depreciation practice exam problem (Preview) Hi to all, i'm new here and i have an aat accounts preparation exam coming up soon and i'm having problems understanding part of the answer to this past exam question i've posted below! Regarding the equipment accumulation depreciation account, the answer gives two credit entries of £430 (deprecia...	mk10018	7	8346	Wed Apr 25 22:26 2018 by Shamus
	Free hmrc software (Preview) Hi Previously, you were able to log onto your account on HMRC website and submit small companies accounts for free. Has this service now finished? As this no longer seems possible. Thanks Nadia	NA_AA	4	1812	Wed Apr 25 10:56 2018 by Leger
	#N/a (Preview) Hi BKNers I have set up a Vlookup that drags info from one excel sheet to another. Its a stockbook for the Margin scheme. The main sheet holds the stock numbers, plus data such as purchase price, sales price, sales info (invoice referencing and any notes), profit, VAT (its the margin scheme) etc. An e...	Cheshire	3	1691	Mon Apr 23 23:29 2018 by Cheshire
	Refundable Deposit in COA (Preview) Hi All, At last some sunshine to make everyone feel better! My company take a security deposit from new members in case of accident or damage to the equipment hired - this would be refunded on termination of the membership, however is likely to be a few years. Where do you suggest posting this in the CO...	cleather2	2	1514	Mon Apr 23 11:29 2018 by cleather2
	You may not see me for a while!!!! (Preview) I appear to have gained another job - that of Data Controller. On account as I am one of only two people in the company who has even heard of GDPR never mind attempted to implement it. Feeling slightly overwhelmed but am about to start working through the 12 steps and start a data audit. I could be some...	pictures	9	2117	Wed Apr 18 17:59 2018 by pictures
	Client repays customer (Preview) Partnership received £800 during 2016/2017 for work undertaken. Customer unhappy with the work, threatened legal action and client eventually repaid the £800 during 2017/2018. No legal fees or order to pay. Would appreciate views on how to show this within VT. I have considered few options tha...	Jay	16	2354	Wed Apr 11 16:01 2018 by Jay
	Bookkeeping for event planning companies (Preview) Hello everyone This is my first post here This is my first book keeping job as well My client is an event planning company Is there any source where I can view special accounting and book keeping procedures regarding event planning companies? Thanks in advance	Someone005	24	4104	Mon Apr 9 16:46 2018 by Kinbuck
	Phishing email (Preview) Good morning all, Having received a phishing email over the weekend informing us of a £340.83 refund being due to us I duly forwarded it to HMRC. However it immediately bounced back with the following message : This message was created automatically by mail delivery software.A message that you...	Jay	5	1756	Mon Apr 9 14:10 2018 by VinceH
	Do you charge more for subbies? (Preview) I was browsing an accountants website today and their charge for a subcontractor tax return is £50 dearer than a self employed one. I actually find it quicker to complete straight forward accounts and tax return for subbies than I do for general self employed, and charge accordingly. Maybe it's jus...	Leger	7	1851	Mon Apr 9 11:40 2018 by Jay
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