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

oxbow99 · oxbow99

Hello, I once read a very good introductory book on the principles of book-keeping and accounting (things like the balance sheet, profit and loss account etc.) It was basically a 'story' about a guy who starts a taxi business, and his (accountant) mates in the pub would explain to him how he needed to g...

JoBooth · JoBooth

Hi, I have just recently set up being a self-employed bookkeeper after working for companies for over 15yrs but I am trying to stick to bookkeeping upto Trial Balance. I've just had an enquiry from a company who keep their records on spreadsheet with a page per account (ie. wages, heat & light etc)...

nixsm · nixsm

Hi everyone, I hope i'm in the right place, my brother suggested i try talking on a forum to get tips. I managed a online bookkeeping course and passed it but i feel unprepared and feel i didnt get enough training from the course, it cost alot and now i feel abit stuck. I am transferri...

nixsm · nixsm

Hi all, I currently have Sage 50 v11 i have been told i cant run a bookkeeping business with this version as all my clients will have to get there own copy too. Is there a version specifically for multiple clients, on a small scale not huge. Regards Nixsm

Bev · Bev

A client of mine has issued 100 new ordinary shares to his wife. However his wife hasn't actually paid any money for the shares. How do I journal this in the accounts? Thanks.

Jeff · Jeff

Hi Just looking through the records my client has given me for the month and I've got a lease agreement for a new car. The agreement is in my clients business name (a partnership) and I can also see the first repayment going out the bank account. I can see that there is VAT included in the payment, but can I s...

Diane · Diane

A new client has joined my bookkeeping business. He's employed full-time but does some graphic design work on the side. He set up a limited company to put the part-time income through. When I asked what date his year end was so I could set him up on Sage, he didn't know what it was? He hasn't instructed...

Allyomeally · Allyomeally

I have a client that is a charity. It has 7 employees on PAYE. In addition to their normal salary, some members of staff including the chief executive, regularly receive extra payments for work that is deemed to be outside of their job description. The extra payments are made by cheque without the d...

Bev · Bev

Hi! My client's husband has just started out as a self-employed taxi driver, and he's asked me to look after his books. He has just purchased a second hand black taxis cab. Do I need to classify this as plant and machinery or motor vehciles? He has another car so the cab will be used 100% for business. ...

foliouk · foliouk

If anyone else struggles to remember what accounts you need to debit and credit, I've just learnt this which is pretty cool: 'EARLE' E=Expenses A=Assets R=Revenue L=Liabilities E=Equity E and A are debits everything else is a credit. Amazing what you can find on the net!

Bob · Bob

I've picked up a new client who operates via a limited company. He's paying for life insurance from his business bank account for himself. How do I treat this in the books? Is it allowable? Would appreciate sum advice. Bob

JoBooth · JoBooth

Hi, My client has given me some Orange mobile phone invoices but they are in his personal name, not his company. He is not VAT registered but can I still post his invoices onto Sage or should he just take a proportion? Thanks, Jo

JoBooth · JoBooth

Hi all, I have a client who just set up a year ago and for the first few months, they used their personal bank account and also paid by card from their personal account since. If I have posted purchase invoices which were paid from the personal bank account, how do I pay them off on Sage against the persona...

Summer · Summer

Having a bit of a blonde moment here, but I've just upgraded to Sage Line 50 multicompany at a cost of £850, and I'm not sure whether I should treat it as an expense or a capital item. Obviously I intend to keep it for a few years and would normally capitalise such a large amount, but I'm always reluctant to c...

Boobella · Boobella

My builder client has started a new scaffolding business. He puts up scaffolding for other builders at their sites. My client has bought a substantial amount of scaffolding. What I need to know is whether the scaffolding is classed as a fixed asset or a cost of sale purchase in the accounts? Thanks, Jo...

Bengi · Bengi

Hi, I've got a new client who has set up a van rental business. I'm putting together his accounts for the first 6 months, and I'm not sure how to correctly account for my clients motor/van repairs. Normally I would put any motor expenses including repairs to the general motor expenses account. Since my...

Turner · Turner

Hi everyone, I'm new to this forum, and also just started up as a self-employed bookkeeper. Forgive me if the following question is obvious, it's just that I don't want to make a mistake with my first clients accounts! I'm putting together the accounts for my client for the 3 months to September 07...

robbiew · robbiew

When it's time to hand your clients bit & pieces to their accountant, how do they generally prefer to receive it..as excel spreadsheets on disk or hard copies? Thanks!

philippawatt · philippawatt

This is probably a very silly question but can you reclaim VAT on concert tickets? I am thinking probably not but I can't find a definate answer and my mind has gone blank, it's been a long day! Philippa

philippawatt · philippawatt

A client always gives me a spreadsheet with an expense breakdown inc mileage, lunch receipts, parking tickets, etc. that they have paid for personally, they then write themselves a cheque from the business a/c to pay these back. How do I deal with the expense receipts received and can they claim th...

Topic		Started By	Replies	Views	Last Post
	looking for a specific book on accounting (whose name I can't remember) (Preview) Hello, I once read a very good introductory book on the principles of book-keeping and accounting (things like the balance sheet, profit and loss account etc.) It was basically a 'story' about a guy who starts a taxi business, and his (accountant) mates in the pub would explain to him how he needed to g...	oxbow99	0	2677	Tue Feb 5 20:39 2008 by oxbow99
	Final Accounts (Preview) Hi, I have just recently set up being a self-employed bookkeeper after working for companies for over 15yrs but I am trying to stick to bookkeeping upto Trial Balance. I've just had an enquiry from a company who keep their records on spreadsheet with a page per account (ie. wages, heat & light etc)...	JoBooth	2	3171	Fri Feb 1 15:51 2008 by JoBooth
	just getting started (Preview) Hi everyone, I hope i'm in the right place, my brother suggested i try talking on a forum to get tips. I managed a online bookkeeping course and passed it but i feel unprepared and feel i didnt get enough training from the course, it cost alot and now i feel abit stuck. I am transferri...	nixsm	4	3604	Fri Feb 1 12:14 2008 by nixsm
	whats the best software? (Preview) Hi all, I currently have Sage 50 v11 i have been told i cant run a bookkeeping business with this version as all my clients will have to get there own copy too. Is there a version specifically for multiple clients, on a small scale not huge. Regards Nixsm	nixsm	2	2958	Sun Jan 27 19:57 2008 by nixsm
	New share issue (Preview) A client of mine has issued 100 new ordinary shares to his wife. However his wife hasn't actually paid any money for the shares. How do I journal this in the accounts? Thanks.	Bev	4	6097	Mon Jan 7 20:17 2008 by Bev
	Lease or hire purchase? (Preview) Hi Just looking through the records my client has given me for the month and I've got a lease agreement for a new car. The agreement is in my clients business name (a partnership) and I can also see the first repayment going out the bank account. I can see that there is VAT included in the payment, but can I s...	Jeff	2	4525	Tue Dec 18 14:39 2007 by Jeff
	Company year end date (Preview) A new client has joined my bookkeeping business. He's employed full-time but does some graphic design work on the side. He set up a limited company to put the part-time income through. When I asked what date his year end was so I could set him up on Sage, he didn't know what it was? He hasn't instructed...	Diane	2	8014	Tue Dec 4 20:18 2007 by Diane
	Extra payments- Payroll (Preview) I have a client that is a charity. It has 7 employees on PAYE. In addition to their normal salary, some members of staff including the chief executive, regularly receive extra payments for work that is deemed to be outside of their job description. The extra payments are made by cheque without the d...	Allyomeally	3	4199	Thu Nov 29 16:36 2007 by Wendy
	Black Taxis Cab (Preview) Hi! My client's husband has just started out as a self-employed taxi driver, and he's asked me to look after his books. He has just purchased a second hand black taxis cab. Do I need to classify this as plant and machinery or motor vehciles? He has another car so the cab will be used 100% for business. ...	Bev	2	3225	Tue Nov 27 18:08 2007 by Bev
	Debits and Credits (Preview) If anyone else struggles to remember what accounts you need to debit and credit, I've just learnt this which is pretty cool: 'EARLE' E=Expenses A=Assets R=Revenue L=Liabilities E=Equity E and A are debits everything else is a credit. Amazing what you can find on the net!	foliouk	5	4106	Thu Nov 22 11:28 2007 by foliouk
	Directors Life Insurance (Preview) I've picked up a new client who operates via a limited company. He's paying for life insurance from his business bank account for himself. How do I treat this in the books? Is it allowable? Would appreciate sum advice. Bob	Bob	2	3851	Wed Nov 21 13:25 2007 by Morgan
	Mobile Telephones (Preview) Hi, My client has given me some Orange mobile phone invoices but they are in his personal name, not his company. He is not VAT registered but can I still post his invoices onto Sage or should he just take a proportion? Thanks, Jo	JoBooth	2	3096	Tue Nov 20 15:32 2007 by JoBooth
	Client using personal bank account (Preview) Hi all, I have a client who just set up a year ago and for the first few months, they used their personal bank account and also paid by card from their personal account since. If I have posted purchase invoices which were paid from the personal bank account, how do I pay them off on Sage against the persona...	JoBooth	2	3285	Fri Nov 16 17:23 2007 by JoBooth
	Treatment of Software in Accounts (Preview) Having a bit of a blonde moment here, but I've just upgraded to Sage Line 50 multicompany at a cost of £850, and I'm not sure whether I should treat it as an expense or a capital item. Obviously I intend to keep it for a few years and would normally capitalise such a large amount, but I'm always reluctant to c...	Summer	3	3281	Mon Nov 12 17:12 2007 by Summer
	Scaffolding business (Preview) My builder client has started a new scaffolding business. He puts up scaffolding for other builders at their sites. My client has bought a substantial amount of scaffolding. What I need to know is whether the scaffolding is classed as a fixed asset or a cost of sale purchase in the accounts? Thanks, Jo...	Boobella	2	4177	Tue Nov 6 14:31 2007 by Boobella
	Cost Of Sales? (Preview) Hi, I've got a new client who has set up a van rental business. I'm putting together his accounts for the first 6 months, and I'm not sure how to correctly account for my clients motor/van repairs. Normally I would put any motor expenses including repairs to the general motor expenses account. Since my...	Bengi	2	4551	Wed Oct 31 09:51 2007 by Bengi
	Dealing with an invoice spanning two quarters (Preview) Hi everyone, I'm new to this forum, and also just started up as a self-employed bookkeeper. Forgive me if the following question is obvious, it's just that I don't want to make a mistake with my first clients accounts! I'm putting together the accounts for my client for the 3 months to September 07...	Turner	2	2863	Mon Oct 22 13:29 2007 by Turner
	Clients info (Preview) When it's time to hand your clients bit & pieces to their accountant, how do they generally prefer to receive it..as excel spreadsheets on disk or hard copies? Thanks!	robbiew	2	3253	Thu Sep 6 00:42 2007 by robbiew
	Concert Tickets (Preview) This is probably a very silly question but can you reclaim VAT on concert tickets? I am thinking probably not but I can't find a definate answer and my mind has gone blank, it's been a long day! Philippa	philippawatt	4	9544	Thu Aug 30 23:04 2007 by garyfen
	Pay back expenses (Preview) A client always gives me a spreadsheet with an expense breakdown inc mileage, lunch receipts, parking tickets, etc. that they have paid for personally, they then write themselves a cheque from the business a/c to pay these back. How do I deal with the expense receipts received and can they claim th...	philippawatt	3	3380	Sun Aug 19 21:20 2007 by Fay
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