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

Sashasib · Sashasib

Hello, Can someone advise how to include last year's expenditure in this year's cost of sales if it wasn't accrued at year end? How do I do this in quickbooks? Thanks S

mj · mj

Hi I wonder if someone could advise as to whether opening balances can be entered in Sage, after transaction postings have begun? A new client wants to move their records onto Sage; they have just changed accountants and neither a TB or yr-end balance sheet breakdown is available yet. Would it be wis...

sandyrose · sandyrose

Hello I'm new here on the forum but I'm hoping someone can help. I've recently taken over the role as company bookeeper for a very small company and I am trying to get my head round the management accounts for the 2nd quarter. I have two problems: 1. We have received a large refund on our council tax relati...

Debbie H · Debbie H

Can you let me know how you deal with writing off small exchange differences, or underpayments. I do not want to use the "Write off" option as they are not bad debts. Many thanks Debbie

LauraW · LauraW

Hi everyone hope you can help me with this little problem. I am going through my first mock exam (ICB Level 1 - Lee Crescent) and got a question I have not come across in my studies before and wondered if anyone could help me. I have received an invoice which is incorrect (to our advantage £10 cheaper than i...

Silly Digits · Silly Digits

Need help with the following A client of mine has raised a sales invoice manually. I am now posting this invoice onto sage as a batch invoice. Total goods and delivery charge £1763.69+ VAT 264.56 He has then given a promotional discount of £68.04 + VAT 10.21. How is the discount amount posted to get...

Mel · Mel

I was just wondering if anyone can help me with the correct formula to work out the settlement discount amount if only the paid amount is known.

Suzie · Suzie

Ive had a discussion with an accountant who suggests that when I do his clients books I use my windows office excel spreadsheets as I only have SAGE instant accounts at the moment A daft question I know but can any tell me if I would lay the spread sheet out as with manual bookeeping, i.e double line down th...

zexysu · zexysu

Hi all i needed an accouting service understandable for my business. I'm a normal small level business person to whom 'Accountancy' is always a 'mystery'. I had always been running around digits, credits, debits, ledgers, assets, liabilities etc etc. When i thought about using some tool then foun...

Purple · Purple

Hi I've just run off a balance sheet and don't understand a couple of the entries. Under Net Worth I have dividends as an asset and P&L as a liability. All dividends have been paid so surely these should not be here but in the Statement of changes in Equity. All the other entries appear to be the correc...

Lisa68 · Lisa68

I thought i'd say hello as I am new to the forum and have been reading the many posts, everyone seems so helpful.. I am studying sage bookkeeping and I have also invested in the bookcert business kit, I am hoping to start a bookkeeping business in the next 6 months and will definately be a regular visiter t...

Debbie H · Debbie H

Are these easy to do? I post all entries at the moment and if the balance on screen agrees with the statement then I don't "run" a reconciliation. I guess I should? Any comments? Thanks Debbie

whiskerspanther · whiskerspanther

I hope someone can help me with this one. The company I am working for had to move to Sage from a single cash system which meant invoices were only entered when paid. When Sage was set up the Accountant put through all the opening balances then got us to input all the individual invoices which related to Ma...

Wendy_BK · Wendy_BK

Hi I do my husbands bookkeeping for his business but I do not physically get paid. I do it free of charge because if he paid me, I'd have to be registered as self employed with HMRC and basically it's just shifting income between us. Could we still claim a nominal amount, say £200, against his P&...

Chillywitch · Chillywitch

Does anyone know why , in Quickbooks even though I have set the company preferences to cash accounting VAT (which is what my client is), the VAT 100 report is not picking up all the transactions as they have been paid ( I am entering any payments as the date they are showing on the bank statement). it s...

jillemily · jillemily

A client of mine has some emplyment income through I-PAYE from Just Payroll & Umbrella Company(which has been taxed at source) from a Contractor even though he is Self- employed. Do I put these into the books and if so how, or do I leave them out compleatly? Amy advice would be helpful. Thannk you

Nic · Nic

Hi, I have completed my AAT qualification and have started studying ACCA via distance learning. I work in industry at a recruitment company as an assistant accountant (doing cash flows, VAT returns, margin reports, etc) but we have recently been put onto a 4 day week. I am looking at doing someth...

gerry · gerry

Hi Can anyone recommend a good book/ website for advice on being a sole trader. What can be claimed back if working from home etc. What fuel expenses can be claimed, that sort of thing. Also, can expenses like the MLR be claimed against the business if the business is not set up yet? Many questions, needi...

Dizzy · Dizzy

I am a newbie to this site and wonder if anyone can help me. I have just taken over the bookkeeping for my parents business which was formerly done by accountants. However, I have been presented with list of items relating to year end. The list it appears as :- bank current account - match opening b...

williery10 · williery10

Hi, am using sage accounts production. Most payments are creditors but some are for one off or occasional purchases without VAT ( when there is VAT I use a sundry creditor code and assign an invoice number to invoice and keep invoice sequentially on file). For these one off purchases should I keep the i...

Topic		Started By	Replies	Views	Last Post
	Previous year's expenditure as cost of sales in this years accounts. (Preview) Hello, Can someone advise how to include last year's expenditure in this year's cost of sales if it wasn't accrued at year end? How do I do this in quickbooks? Thanks S	Sashasib	1	2071	Wed Aug 26 22:22 2009 by Sashasib
	Retrospectivey entering opening balances in Sage (Preview) Hi I wonder if someone could advise as to whether opening balances can be entered in Sage, after transaction postings have begun? A new client wants to move their records onto Sage; they have just changed accountants and neither a TB or yr-end balance sheet breakdown is available yet. Would it be wis...	mj	3	4563	Sun Aug 23 20:57 2009 by mj
	Quarterly accounts - council tax refund relating to previous years and selling fixed asset (Preview) Hello I'm new here on the forum but I'm hoping someone can help. I've recently taken over the role as company bookeeper for a very small company and I am trying to get my head round the management accounts for the 2nd quarter. I have two problems: 1. We have received a large refund on our council tax relati...	sandyrose	4	1664	Fri Aug 21 08:08 2009 by sandyrose
	Writing balances off in Sage (Preview) Can you let me know how you deal with writing off small exchange differences, or underpayments. I do not want to use the "Write off" option as they are not bad debts. Many thanks Debbie	Debbie H	3	11825	Mon Aug 17 18:16 2009 by Weebly_one
	Quick problem - I hope (Preview) Hi everyone hope you can help me with this little problem. I am going through my first mock exam (ICB Level 1 - Lee Crescent) and got a question I have not come across in my studies before and wondered if anyone could help me. I have received an invoice which is incorrect (to our advantage £10 cheaper than i...	LauraW	14	3040	Mon Aug 17 14:21 2009 by LauraW
	Discount on sage (Preview) Need help with the following A client of mine has raised a sales invoice manually. I am now posting this invoice onto sage as a batch invoice. Total goods and delivery charge £1763.69+ VAT 264.56 He has then given a promotional discount of £68.04 + VAT 10.21. How is the discount amount posted to get...	Silly Digits	2	2373	Fri Aug 14 13:05 2009 by Silly Digits
	settlement discounts (Preview) I was just wondering if anyone can help me with the correct formula to work out the settlement discount amount if only the paid amount is known.	Mel	1	2636	Fri Aug 14 07:19 2009 by Davey
	Bookkeeping using Excel (Preview) Ive had a discussion with an accountant who suggests that when I do his clients books I use my windows office excel spreadsheets as I only have SAGE instant accounts at the moment A daft question I know but can any tell me if I would lay the spread sheet out as with manual bookeeping, i.e double line down th...	Suzie	2	5989	Thu Aug 13 11:35 2009 by AccountantsCircle
	Small business - Accounting - ledgers/credit/debits ----> Mystery (Preview) Hi all i needed an accouting service understandable for my business. I'm a normal small level business person to whom 'Accountancy' is always a 'mystery'. I had always been running around digits, credits, debits, ledgers, assets, liabilities etc etc. When i thought about using some tool then foun...	zexysu	0	1427	Mon Aug 10 08:35 2009 by zexysu
	Quick balance Sheet Query (Preview) Hi I've just run off a balance sheet and don't understand a couple of the entries. Under Net Worth I have dividends as an asset and P&L as a liability. All dividends have been paid so surely these should not be here but in the Statement of changes in Equity. All the other entries appear to be the correc...	Purple	1	1732	Sun Aug 9 15:16 2009 by Davey
	Hello everyone (Preview) I thought i'd say hello as I am new to the forum and have been reading the many posts, everyone seems so helpful.. I am studying sage bookkeeping and I have also invested in the bookcert business kit, I am hoping to start a bookkeeping business in the next 6 months and will definately be a regular visiter t...	Lisa68	10	7494	Sat Aug 8 19:09 2009 by Lisa68
	Bank Reconciliations in Sage (Preview) Are these easy to do? I post all entries at the moment and if the balance on screen agrees with the statement then I don't "run" a reconciliation. I guess I should? Any comments? Thanks Debbie	Debbie H	3	1793	Fri Aug 7 15:53 2009 by Zoe
	Sage set up from single cash system (Preview) I hope someone can help me with this one. The company I am working for had to move to Sage from a single cash system which meant invoices were only entered when paid. When Sage was set up the Accountant put through all the opening balances then got us to input all the individual invoices which related to Ma...	whiskerspanther	2	1733	Fri Aug 7 00:01 2009 by Randomgeek
	Bookkeeping for husband - allowable? (Preview) Hi I do my husbands bookkeeping for his business but I do not physically get paid. I do it free of charge because if he paid me, I'd have to be registered as self employed with HMRC and basically it's just shifting income between us. Could we still claim a nominal amount, say £200, against his P&...	Wendy_BK	4	2963	Fri Jul 31 23:11 2009 by hamster_tango
	What am i doing wrong? Quickbooks and VAT (Preview) Does anyone know why , in Quickbooks even though I have set the company preferences to cash accounting VAT (which is what my client is), the VAT 100 report is not picking up all the transactions as they have been paid ( I am entering any payments as the date they are showing on the bank statement). it s...	Chillywitch	2	5457	Mon Jul 27 21:19 2009 by Chillywitch
	I-PAYE (Preview) A client of mine has some emplyment income through I-PAYE from Just Payroll & Umbrella Company(which has been taxed at source) from a Contractor even though he is Self- employed. Do I put these into the books and if so how, or do I leave them out compleatly? Amy advice would be helpful. Thannk you	jillemily	3	2431	Mon Jul 27 16:38 2009 by jillemily
	Part-qual ACCA needs advice on getting into bookkeeping (Preview) Hi, I have completed my AAT qualification and have started studying ACCA via distance learning. I work in industry at a recruitment company as an assistant accountant (doing cash flows, VAT returns, margin reports, etc) but we have recently been put onto a 4 day week. I am looking at doing someth...	Nic	3	2206	Fri Jul 24 17:31 2009 by gary
	Good book for sole trader needed (Preview) Hi Can anyone recommend a good book/ website for advice on being a sole trader. What can be claimed back if working from home etc. What fuel expenses can be claimed, that sort of thing. Also, can expenses like the MLR be claimed against the business if the business is not set up yet? Many questions, needi...	gerry	9	2719	Thu Jul 23 19:01 2009 by farmergiles
	Opening Balnces (Preview) I am a newbie to this site and wonder if anyone can help me. I have just taken over the bookkeeping for my parents business which was formerly done by accountants. However, I have been presented with list of items relating to year end. The list it appears as :- bank current account - match opening b...	Dizzy	5	2167	Thu Jul 23 11:44 2009 by Weebly_one
	posting non creditor items-keep the invoice? (Preview) Hi, am using sage accounts production. Most payments are creditors but some are for one off or occasional purchases without VAT ( when there is VAT I use a sundry creditor code and assign an invoice number to invoice and keep invoice sequentially on file). For these one off purchases should I keep the i...	williery10	3	1671	Tue Jul 21 18:01 2009 by Flex Accounting Services
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