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

Muzzy2kuk · Muzzy2kuk

Hi guys, this is a long one so bear with me. I am studying avbk at min and not fapr which may unlock the answer for me in the future, but been asked this at work in a debate between director and in house accountant. When valuing stock in a monthly basis for management accounts it is done in great detail and wor...

Samilou67 · Samilou67

Hi I have a sole trader who bought some equipment for the business in the previous tax year 15-16. I have just taken over from another bookkeeper and want to enter the asset in Sage but not sure which nominal to use so that it doesn't affect this years accounts. It would have been paid for at the time. So dr...

Amanda · Amanda

Hi everyone and especially anyone who is techy! Every evening about 5.30pm my computer is set to do updates and anti-virus stuff etc, whilst I'm cooking dinner. Anyway tonight about 6.15 I was on the internet on the ikea website and suddenly the screen went blank/black, it came back on within second...

Malcolmdgama04 · Malcolmdgama04

Hi, One of the directors owned a property (residential property). After 5 years he moved out and the company then becomes beneficial owner. The property was bought in 2010 for 155K and in 2017 when the BTL was done the property was valued at 275,000 by the mortgage company. The director is acting on beh...

Peacock888 · Peacock888

For a coffee shop business, should you use the perpetual inventory system or the periodic inventory system?

Confuseddotcom · Confuseddotcom

I really thought this had been put to bed last time I posted on here, but....! The question is: for new build properties where we have supplied and installed windows and doors. When is new build no longer classed as new and zero-rated VAT no longer applies? We supplied and installed the windows and door...

Muzzy2kuk · Muzzy2kuk

Hi guys, Started studying level 3 at end of August and for a few weeks junped straight in studying every night, got to chapter 9 of 14 (I think) on advanced bookkeeping transactions. Then I had lots of stuff going on vest man at a wedding, my own wedding, losing my job, interviewing for other jobs etc. I am...

Amanda · Amanda

Hi All, Sorry I want to have a moan....... I am owed money by someone who should now better! This has been going on for a while now, to start with I was nice and didn't chase loads as didn't want to upset the apple cart, but now I am just simply so pissed off, I shall not be working for them again! I chased again...

RebekahB · RebekahB

Hi everyone me again, Does anyone know about practicing Bookkeeping and Accounting in Portugal, and whether the AAT qualifications are recognised there? -- Edited by RebekahB on Monday 20th of November 2017 12:47:45 PM

lots to learn · lots to learn

Hi I am hoping for some advice regarding some accounts for a Community Amateur Sports Club I am currently creating. I have taken over this from a previous accountant and each year there has been a transfer of funds from the Current Account to a Sinking Fund in this case to cover the cost of replacing ten...

dandiego25 · dandiego25

Hi all, Hope you're having a great week. I started freelancing this year in London and to my (pleasant) surprise, I found there were lots of SME clients searching for a bookkeeper. When I first started though I didn't realise this would be the case. As a result I accepted a client at a lower rate that I'd d...

Francois · Francois

Good evening all, Hope someone might be able to help me. I use QuickBooks in a property letting company. I am new to QB and having problems when posting transfers between accounts. The steps I follow are; I log onto online banking and transfer monies from the Clients current accounts to the office curr...

Muzzy2kuk · Muzzy2kuk

Hi guys. Hope you dont mind me posting again, nearly 2 weeks into my new job enjoying it and learning some interesting stuff, its about a 30min commute long days as crammin 5 days hours into 4 working days. However I have a new quandry, got an interview for dwp at the job centre as a work coach do I conside...

Emmiestar · Emmiestar

Hi everyone, I'm just after a bit of advice please as I've gone a bit rusty from my processing days. Subcontractors send an invoice. Posting into sage are they TO exempt or T9 non vatable. I've started working for a company All postings are either t1 or T9 which is obviously bonkers!!! Don't ev...

Ellie16 · Ellie16

Hello, I have been approached by a class 2 driver who wanted to operate as a limited company. I thought that only class 1 driver can operate in this way. I then phoned few recruitment agencies and they confirmed that they do take class 2 drivers as limited companies all the time. Can you please advise if t...

Muzzy2kuk · Muzzy2kuk

Hi guys, So as it happens like buses 2 job opportunities have presented themselves. Job 1: Manufacturing company, accounts assistant to the main management accounting and various admin. Lots to learn especially regarding imports and exports, producing monthly accounts etc etc. Interviewed to...

Leger · Leger

Client has made a profit trading on certain sports, similar to trading the stock market I supppose. He's made a profit of around 1k on the year and says it's just something he dabbled in whilst trade was quiet. All done through a sole director Ltd CoTrouble is I haven't a clue how to record it, I've looke...

Muzzy2kuk · Muzzy2kuk

Hi everyone, Havent posted in along time but do lurk about in the shadows. My question is this. I have recently lost my job, about 6 days ago I have signed up with an agency and applied for multiple roles, yet to hear anything back at all. But guess its early days. I am also studying level 3 on the first modu...

alpal1971 · alpal1971

Hello I have been asked to provide an independent examination for a local school PTA. I do independent audits for a lot of schools, but this one is different. The treasurer has basically netted off all the income from an event against the expenses for that same event to give one figure as her profit. Isn...

Jademg · Jademg

Hi, completely new to this so hopefully I have posted in the right place. so I started college 2 weeks ago to study bookkeeping and accounts level 2!, second week we did control accounts and it has just really confused me and I am finding it hard to understand it, the difference between a sales ledger...

Topic		Started By	Replies	Views	Last Post
	Stock Valuation (Preview) Hi guys, this is a long one so bear with me. I am studying avbk at min and not fapr which may unlock the answer for me in the future, but been asked this at work in a debate between director and in house accountant. When valuing stock in a monthly basis for management accounts it is done in great detail and wor...	Muzzy2kuk	2	1455	Wed Dec 6 21:38 2017 by Muzzy2kuk
	Assetts - opening balance (Preview) Hi I have a sole trader who bought some equipment for the business in the previous tax year 15-16. I have just taken over from another bookkeeper and want to enter the asset in Sage but not sure which nominal to use so that it doesn't affect this years accounts. It would have been paid for at the time. So dr...	Samilou67	7	1322	Wed Dec 6 15:44 2017 by Cheshire
	Help - Sorry not bookkeeping, screen issues since update tonight! (Preview) Hi everyone and especially anyone who is techy! Every evening about 5.30pm my computer is set to do updates and anti-virus stuff etc, whilst I'm cooking dinner. Anyway tonight about 6.15 I was on the internet on the ikea website and suddenly the screen went blank/black, it came back on within second...	Amanda	13	2312	Sun Nov 26 16:03 2017 by Leger
	Transfer of Property from director to company (Preview) Hi, One of the directors owned a property (residential property). After 5 years he moved out and the company then becomes beneficial owner. The property was bought in 2010 for 155K and in 2017 when the BTL was done the property was valued at 275,000 by the mortgage company. The director is acting on beh...	Malcolmdgama04	2	1532	Sat Nov 25 21:47 2017 by RobertPeterson
	Perpetual or periodic (Preview) For a coffee shop business, should you use the perpetual inventory system or the periodic inventory system?	Peacock888	1	1481	Sat Nov 25 15:05 2017 by Cheshire
	VAT on new build (Preview) I really thought this had been put to bed last time I posted on here, but....! The question is: for new build properties where we have supplied and installed windows and doors. When is new build no longer classed as new and zero-rated VAT no longer applies? We supplied and installed the windows and door...	Confuseddotcom	7	1535	Fri Nov 24 13:48 2017 by Confuseddotcom
	Aat lvl 3 studies. (Preview) Hi guys, Started studying level 3 at end of August and for a few weeks junped straight in studying every night, got to chapter 9 of 14 (I think) on advanced bookkeeping transactions. Then I had lots of stuff going on vest man at a wedding, my own wedding, losing my job, interviewing for other jobs etc. I am...	Muzzy2kuk	4	1762	Tue Nov 21 23:11 2017 by Muzzy2kuk
	Wanting to let off steam and moan!!! (Preview) Hi All, Sorry I want to have a moan....... I am owed money by someone who should now better! This has been going on for a while now, to start with I was nice and didn't chase loads as didn't want to upset the apple cart, but now I am just simply so pissed off, I shall not be working for them again! I chased again...	Amanda	12	2094	Mon Nov 20 16:07 2017 by Amanda
	Practicing in Portugal (Preview) Hi everyone me again, Does anyone know about practicing Bookkeeping and Accounting in Portugal, and whether the AAT qualifications are recognised there? -- Edited by RebekahB on Monday 20th of November 2017 12:47:45 PM	RebekahB	2	1263	Mon Nov 20 15:23 2017 by RebekahB
	Transfer of Funds in Income and Expenditure Account (Preview) Hi I am hoping for some advice regarding some accounts for a Community Amateur Sports Club I am currently creating. I have taken over this from a previous accountant and each year there has been a transfer of funds from the Current Account to a Sinking Fund in this case to cover the cost of replacing ten...	lots to learn	9	1398	Mon Nov 20 13:34 2017 by Cheshire
	Confusion over role (Preview) Hi all, Hope you're having a great week. I started freelancing this year in London and to my (pleasant) surprise, I found there were lots of SME clients searching for a bookkeeper. When I first started though I didn't realise this would be the case. As a result I accepted a client at a lower rate that I'd d...	dandiego25	4	1365	Mon Nov 20 13:05 2017 by Cheshire
	Looking for Quickbooks (online version) help (Preview) Good evening all, Hope someone might be able to help me. I use QuickBooks in a property letting company. I am new to QB and having problems when posting transfers between accounts. The steps I follow are; I log onto online banking and transfer monies from the Clients current accounts to the office curr...	Francois	5	1710	Sat Nov 18 15:30 2017 by Princess
	Job Quandry part 2 (Preview) Hi guys. Hope you dont mind me posting again, nearly 2 weeks into my new job enjoying it and learning some interesting stuff, its about a 30min commute long days as crammin 5 days hours into 4 working days. However I have a new quandry, got an interview for dwp at the job centre as a work coach do I conside...	Muzzy2kuk	3	1260	Wed Nov 15 06:18 2017 by haymac
	CIS & sage (Preview) Hi everyone, I'm just after a bit of advice please as I've gone a bit rusty from my processing days. Subcontractors send an invoice. Posting into sage are they TO exempt or T9 non vatable. I've started working for a company All postings are either t1 or T9 which is obviously bonkers!!! Don't ev...	Emmiestar	8	1476	Tue Nov 14 17:05 2017 by Leger
	class 2 driver as a limited company (Preview) Hello, I have been approached by a class 2 driver who wanted to operate as a limited company. I thought that only class 1 driver can operate in this way. I then phoned few recruitment agencies and they confirmed that they do take class 2 drivers as limited companies all the time. Can you please advise if t...	Ellie16	7	1403	Sat Nov 11 09:28 2017 by Cheshire
	Job quandry (Preview) Hi guys, So as it happens like buses 2 job opportunities have presented themselves. Job 1: Manufacturing company, accounts assistant to the main management accounting and various admin. Lots to learn especially regarding imports and exports, producing monthly accounts etc etc. Interviewed to...	Muzzy2kuk	8	1824	Fri Nov 10 08:23 2017 by haymac
	Sports Trading - Bookkeeping entries (Preview) Client has made a profit trading on certain sports, similar to trading the stock market I supppose. He's made a profit of around 1k on the year and says it's just something he dabbled in whilst trade was quiet. All done through a sole director Ltd CoTrouble is I haven't a clue how to record it, I've looke...	Leger	11	2143	Mon Nov 6 16:17 2017 by Cheshire
	Advice on my next step. (Preview) Hi everyone, Havent posted in along time but do lurk about in the shadows. My question is this. I have recently lost my job, about 6 days ago I have signed up with an agency and applied for multiple roles, yet to hear anything back at all. But guess its early days. I am also studying level 3 on the first modu...	Muzzy2kuk	20	4351	Wed Nov 1 22:51 2017 by Muzzy2kuk
	Netting off Income and Expenses (Preview) Hello I have been asked to provide an independent examination for a local school PTA. I do independent audits for a lot of schools, but this one is different. The treasurer has basically netted off all the income from an event against the expenses for that same event to give one figure as her profit. Isn...	alpal1971	4	3343	Wed Oct 25 14:50 2017 by alpal1971
	Control accounts (Preview) Hi, completely new to this so hopefully I have posted in the right place. so I started college 2 weeks ago to study bookkeeping and accounts level 2!, second week we did control accounts and it has just really confused me and I am finding it hard to understand it, the difference between a sales ledger...	Jademg	7	2679	Tue Oct 24 09:16 2017 by Jademg
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