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

ReaderRabbit · ReaderRabbit

Hi all First post so please be gentle. I run an incorporated charity and currently outsource payroll and EOY accounts to our accountants (we are under the threshold for a full audit). I don't know if it's just becuase I don't 'know' it very well but Sage seems so convaluted after using Quicken. I do our...

ProBowlUK · ProBowlUK

Hi Haven't even started the Level I course yet, but reading through Marshall's "Mastering Bookkeeping". Finding it hard to get my head around procedure for early payment discounts. This seems to be journalised against the Customer/Supplier ledger account (Gross) after VAT has b...

Amanda · Amanda

Hi Everyone, I'm sure this has already been covered but after going through several pages I can't find what I am looking for. I work from home and the year concerned (08/09) only a few days per week, most weeks, I know you can claim a small amount and a friend whos an accountant has said put through a small a...

Amanda · Amanda

Hi Everybody, Quick Question regarding my own personal car loan. I have a small car loan which we pay through our personal account (its actually my car), I use my car for 50% business and 50% personal, I don't do the fuel allowance as an accountant told me it would not be benifical as I hardly do any miles,...

lor · lor

I just wanted to refer to a message in my Inbox, but I have a problem, I can't find my Inbox. Hopefully someone else knows!

Shamus · Shamus

This topics probably more useful to everyone than it at first sounds. It's a bit like the calculator one as in who uses what but with a more serious base. I use Modzilla Firefox as my webbrowser (version 3.5.5) as it's got a really useful feature of being able to have multiple web pages open on tabs at the s...

Harps · Harps

Hi, I wonder if anyone could help me! I have just taken on a client who has had a dispute with his accountant regarding fees and he is going to court. In the meantime his payroll records have gone by the wayside. He has just been debiting the net wages from his business account and paying his employees, bu...

ndd · ndd

I am trying to register as an agent via HMRC website and seem to be getting nowhere? Any suggestions would be greatly appreciated. Thanks

ProBowlUK · ProBowlUK

Hi New newbie here Just wondering which calculators / adding-machines are the most popular among bookkeepers ? cheers

lor · lor

Hi There, Does anyone on this forum advertise with Yell.com and do you find you have had much business from doing so. I'm considering it.

Peasie · Peasie

How do you explain to someone they are taxed on the businesses' profits not what they take out of the business? My brother's wife has asked me how much she can take out her business (started last May) without being taxed. I've tried explaining she wont pay tax on the first £6475 of her profits and she won...

Wella · Wella

Hi all I would appreciate any feedback, advice or opinions on the following If a partnership is granted a loan on the condition that the partners take out a loan protection insurance policy in the event of a death of one of the partners, is that a business expense, that should be entered into the account...

roger2010 · roger2010

Hi I took on a new client in December 2009, He started his Business as a sole trader repairing Motor Vehicles in rented premises. He sub lets part of his workshop to aSelf employed electrical mechanic (his tenant). They are two completely separate entities. My client has credit card facilities...

BackOfficeGroup · BackOfficeGroup

Does anyone know the ins and outs of this kind of thing, not just straight admin then liquidation! P

lor · lor

Hi All, just a general question, my bookkeeping business has gone a little quiet of late, I was expecting a mad panick to be honest due to self assessments being due by the end of the month. I have been very busy since beginning of October up to now, and am very thankful for that. I just wondered how everyo...

lor · lor

Hi All, I wonder if you could help me, I have been thinking over and over a scenario and can't make up my mind on the situation. The situation is that I have a client who factor's out his invoices, he is vat registered, I have posted the sales invoices as normal (obviously the vat part going to the sales vat c...

Denise · Denise

Hi all, Please could anyone help with the following problems: I received an opening trial balance from my clients accountant and amongst these figures was an opening amount of £500 for one of his customers. This was actually paid by cheque and banked at the end of the previous month so therefore I d...

jillemily · jillemily

Whats the difference between accounting for total spent on capital aloowance i.e tools, after profits calculated rather than including them as a business expense before profits are calculated? Surely the total profits will be the same done either way. Am I missing something!!

gerry · gerry

hi there Can anyone help with Buy to lets and what is an allowable expense. I am trying to find out if the initial cost, solicitors, stamp duty, mortgage set up fee etc can be set off against the rentable income for tax purposes. I know that Mortgage interest, insurance, letting fees, use of home office i...

katieanne · katieanne

Hi. I would be so grateful if someone was able to give me some advice. I am helping a friend to do his first years accounts to year end 5th April 2008. He is a self-employed tree surgeon. In his first year of trading he purchased the following and I am unsure how to account for them (I am using Quickbooks): - A...

Topic		Started By	Replies	Views	Last Post
	Book Keeper or Accountant - what's the difference to the customer? (Preview) Hi all First post so please be gentle. I run an incorporated charity and currently outsource payroll and EOY accounts to our accountants (we are under the threshold for a full audit). I don't know if it's just becuase I don't 'know' it very well but Sage seems so convaluted after using Quicken. I do our...	ReaderRabbit	9	5474	Tue Jan 19 12:24 2010 by Zoe
	Discounts (Preview) Hi Haven't even started the Level I course yet, but reading through Marshall's "Mastering Bookkeeping". Finding it hard to get my head around procedure for early payment discounts. This seems to be journalised against the Customer/Supplier ledger account (Gross) after VAT has b...	ProBowlUK	9	5438	Tue Jan 19 08:56 2010 by PJC Bookkeeping
	Use of Home as office versus Capital Gains Tax (Preview) Hi Everyone, I'm sure this has already been covered but after going through several pages I can't find what I am looking for. I work from home and the year concerned (08/09) only a few days per week, most weeks, I know you can claim a small amount and a friend whos an accountant has said put through a small a...	Amanda	6	2888	Sun Jan 17 21:29 2010 by Shamus
	Car Loan (Preview) Hi Everybody, Quick Question regarding my own personal car loan. I have a small car loan which we pay through our personal account (its actually my car), I use my car for 50% business and 50% personal, I don't do the fuel allowance as an accountant told me it would not be benifical as I hardly do any miles,...	Amanda	7	4163	Sun Jan 17 21:23 2010 by BackOfficeGroup
	can't find my Inbox (Preview) I just wanted to refer to a message in my Inbox, but I have a problem, I can't find my Inbox. Hopefully someone else knows!	lor	3	1639	Sun Jan 17 15:43 2010 by lor
	Webpages (Preview) This topics probably more useful to everyone than it at first sounds. It's a bit like the calculator one as in who uses what but with a more serious base. I use Modzilla Firefox as my webbrowser (version 3.5.5) as it's got a really useful feature of being able to have multiple web pages open on tabs at the s...	Shamus	7	2366	Fri Jan 15 22:15 2010 by Peasie
	Payroll problem! (Preview) Hi, I wonder if anyone could help me! I have just taken on a client who has had a dispute with his accountant regarding fees and he is going to court. In the meantime his payroll records have gone by the wayside. He has just been debiting the net wages from his business account and paying his employees, bu...	Harps	6	2348	Fri Jan 15 20:57 2010 by Harps
	Register as an agent (Preview) I am trying to register as an agent via HMRC website and seem to be getting nowhere? Any suggestions would be greatly appreciated. Thanks	ndd	10	2941	Fri Jan 15 20:49 2010 by Shamus
	Calculators / adding machines (Preview) Hi New newbie here Just wondering which calculators / adding-machines are the most popular among bookkeepers ? cheers	ProBowlUK	19	11265	Fri Jan 15 20:47 2010 by semsley
	Yell.com (Preview) Hi There, Does anyone on this forum advertise with Yell.com and do you find you have had much business from doing so. I'm considering it.	lor	16	3404	Fri Jan 15 20:06 2010 by semsley
	Explaining something in layman's terms (Preview) How do you explain to someone they are taxed on the businesses' profits not what they take out of the business? My brother's wife has asked me how much she can take out her business (started last May) without being taxed. I've tried explaining she wont pay tax on the first £6475 of her profits and she won...	Peasie	1	2610	Fri Jan 15 17:37 2010 by semsley
	Partners Loan Guarantee Insurance (Preview) Hi all I would appreciate any feedback, advice or opinions on the following If a partnership is granted a loan on the condition that the partners take out a loan protection insurance policy in the event of a death of one of the partners, is that a business expense, that should be entered into the account...	Wella	5	2071	Fri Jan 15 17:02 2010 by Wella
	Could this be considered as Money Laundering ? (Preview) Hi I took on a new client in December 2009, He started his Business as a sole trader repairing Motor Vehicles in rented premises. He sub lets part of his workshop to aSelf employed electrical mechanic (his tenant). They are two completely separate entities. My client has credit card facilities...	roger2010	2	1739	Fri Jan 15 13:41 2010 by BackOfficeGroup
	Pre-pack administration (Preview) Does anyone know the ins and outs of this kind of thing, not just straight admin then liquidation! P	BackOfficeGroup	0	1579	Thu Jan 14 17:52 2010 by BackOfficeGroup
	is everyone busy? (Preview) Hi All, just a general question, my bookkeeping business has gone a little quiet of late, I was expecting a mad panick to be honest due to self assessments being due by the end of the month. I have been very busy since beginning of October up to now, and am very thankful for that. I just wondered how everyo...	lor	13	2329	Thu Jan 14 15:07 2010 by Marky65
	factoring company (Preview) Hi All, I wonder if you could help me, I have been thinking over and over a scenario and can't make up my mind on the situation. The situation is that I have a client who factor's out his invoices, he is vat registered, I have posted the sales invoices as normal (obviously the vat part going to the sales vat c...	lor	10	4876	Thu Jan 14 12:22 2010 by lor
	Help with opening balances. (Preview) Hi all, Please could anyone help with the following problems: I received an opening trial balance from my clients accountant and amongst these figures was an opening amount of £500 for one of his customers. This was actually paid by cheque and banked at the end of the previous month so therefore I d...	Denise	7	2865	Tue Jan 12 23:22 2010 by Denise
	Capital allowance (Preview) Whats the difference between accounting for total spent on capital aloowance i.e tools, after profits calculated rather than including them as a business expense before profits are calculated? Surely the total profits will be the same done either way. Am I missing something!!	jillemily	3	2525	Mon Jan 11 14:25 2010 by Shamus
	Buy to let tax deductions (Preview) hi there Can anyone help with Buy to lets and what is an allowable expense. I am trying to find out if the initial cost, solicitors, stamp duty, mortgage set up fee etc can be set off against the rentable income for tax purposes. I know that Mortgage interest, insurance, letting fees, use of home office i...	gerry	7	16114	Mon Jan 11 09:33 2010 by BackOfficeGroup
	Capital allowances / AIA / depreciation - HELP?! (Preview) Hi. I would be so grateful if someone was able to give me some advice. I am helping a friend to do his first years accounts to year end 5th April 2008. He is a self-employed tree surgeon. In his first year of trading he purchased the following and I am unsure how to account for them (I am using Quickbooks): - A...	katieanne	3	13845	Sat Jan 9 16:13 2010 by katieanne
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