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

BBking · BBking

Greetings Everybody I trust this message finds you well. As a bookkeeper navigating the evolving landscape of remote work, I'm eager to discuss some of the prevalent challenges we encounter and seek guidance from your collective expertise. Remote work has become a prominent feature in our indus...

anotherup123 · anotherup123

Hi i buy products to resell as soon i buy i have to record them as inventory i guess?....until they are sold? but i also came across the "purchases" term as an account whats the difference? thanks

leley97 · leley97

Hi, The business i work for has implemented a new loyalty scheme where points are used as a discount on purchases. Customers accumulate 3 points per £1. The area of refunds has been debated. If a customer has accumulated £5 worth of points and uses those points to receive a £5 discount on a £10 cash sale,...

Sjhardy · Sjhardy

Hi, I work for a small electrical contractors. For 3 years I've supported our external accountant by providing all invoices and receipts etc for VT / CIS returns. They are now wanting us to take the book keeping in house so I am slowly learning. We have purchased a waste carriers licence but I cant fin...

Gloversgirl · Gloversgirl

Hello I have recently taken on a new client who is using Deliveroo & Just Eat. I have logged into both portals and I can see how many sales each company has delivered, there is no sales information I can download which includes vat information on each order. There must be a hidden button I can't see...

Jayne1410 · Jayne1410

Hi, I really needs some help with CIS I am getting myself confused had a break from work and CIS introduced while having time out. So I work for a shop fitters who are hired as contractors and also use contractors. So I understand how to deal with receiving sub contractors invoices (we use Xero) I know I ne...

sambilling · sambilling

Bookkeeping jobs are in high demand as businesses of all sizes require skilled bookkeepers to maintain accurate financial records. Bookkeepers are responsible for recording financial transactions, reconciling accounts, and generating financial reports. They play a vital role in ensuring t...

GraemeM · GraemeM

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse c...

BeanCounter2020 · BeanCounter2020

Hi everyone, Can I double check please the correct book keeping treatment to record the following; A church has made a payment of cash, say £50 to a care taker which has been described as a "cash float" to allow him to buy certain items without the inconvenience to him of using his own Money. Thanks ...

Gena Sanford · Gena Sanford

I have been searching for software that can help me manage my accounting and bookkeeping tasks, have researched on google as well. Just want more suggestions to be more clear about it.

Bhavleenkr16 · Bhavleenkr16

Why should i prefer tax software hosting

Zazza79 · Zazza79

I am a finance assistant and Ive been at my company for 4.5 months. We have a new management accountant due to start soon. Meaning I am currently doing everything finance related for the last 3 months. We also have an external person who is supposed to be working on a budget system and forecast as we hav...

guy · guy

Hi,I do accounts and it has just been brought to my attention that a two customer invoices have not been invoiced prior accounting period but we received the money (accounts already submitted) and therefore were not included in the sales.Can these be included within the current accounting peri...

kjmcculloch83 · kjmcculloch83

I visited for the first time in ages today, just for a look. Where has everyone gone? It's all become a bit tumbleweed. It's such a shame to see a forum that used to be a fantastic resource for bookkeepers setting out, and running their practice descend as it has. Let me know if you're still around, watc...

nikita_rai · nikita_rai

Goods and Services Tax (GST) is a consumption-based tax system that has replaced multiple indirect taxes in India. GST rates are set by the GST Council, which comprises the finance ministers of the states and the central government. Understanding the various GST rates in India is important for bus...

Brownme02 · Brownme02

Hi all! I am currently studying for my AAT Level 4 and have 2 years experience in accounting. I have just started a new job and I have been looking over their accounts. At the time of writing (March) we are in our 10th month of the year. I see that in the accruals and prepayments there are balances which we...

chrissi · chrissi

Hi Guys, I have come across a few GST Tax codes that I'm not very familiar with and I need to enter them in to MYOB, CAF - Capital Asset GST Free - 0% NTD - Non-tax Deductable - 0% NIF - Negative income GST Free - 0% I need to know the tax type, and linked accounts that go with each can anyone help me PLEASE!!! I hav...

treskim · treskim

Could someone please tell me the entries needed to deal with an income tax refund. I have just started doing bookkeeping for a recently self employed artist - no tax was paid out last year - doesn't earn enough. Have received income tax refund straight into bank a/c. What are the entries on the led...

Mark99 · Mark99

Hi Does anyone here have any advice? Since 2010 I have been looking after the financial affairs and admin for a road freight company, which has grown considerably since then. The managing director has always been the sole shareholder, but she is now thinking of transferring 49 of the 100 shares to h...

ecomledger · ecomledger

We mostly go after ecommerce clients but software is rich but never bookkeeper/accountant focused. We have been using Link My Books for some of our ecommerce clients. Its good when it automatically posts the monthly sales but when we want to create a VAT report or prior year accounts it can be a real st...

Topic		Started By	Replies	Views	Last Post
	Remote Work and Collaboration Challenges in Bookkeeping (Preview) Greetings Everybody I trust this message finds you well. As a bookkeeper navigating the evolving landscape of remote work, I'm eager to discuss some of the prevalent challenges we encounter and seek guidance from your collective expertise. Remote work has become a prominent feature in our indus...	BBking	0	1402	Wed Oct 25 14:28 2023 by BBking
	Inventory VS purchases (Preview) Hi i buy products to resell as soon i buy i have to record them as inventory i guess?....until they are sold? but i also came across the "purchases" term as an account whats the difference? thanks	anotherup123	9	2300	Thu Oct 19 11:56 2023 by BBking
	Loyalty points scheme discount and refunds Refund discount accounting retail sales purchases (Preview) Hi, The business i work for has implemented a new loyalty scheme where points are used as a discount on purchases. Customers accumulate 3 points per £1. The area of refunds has been debated. If a customer has accumulated £5 worth of points and uses those points to receive a £5 discount on a £10 cash sale,...	leley97	1	1728	Tue Oct 3 10:49 2023 by Artois
	Small Business Bank reconciliation (Preview) Hi, I work for a small electrical contractors. For 3 years I've supported our external accountant by providing all invoices and receipts etc for VT / CIS returns. They are now wanting us to take the book keeping in house so I am slowly learning. We have purchased a waste carriers licence but I cant fin...	Sjhardy	1	1529	Tue Oct 3 10:46 2023 by Artois
	Deliveroo / Just Eat Sales Information (Preview) Hello I have recently taken on a new client who is using Deliveroo & Just Eat. I have logged into both portals and I can see how many sales each company has delivered, there is no sales information I can download which includes vat information on each order. There must be a hidden button I can't see...	Gloversgirl	1	1629	Thu Sep 21 06:08 2023 by BooksByCharlotte
	CIS Suffered (Preview) Hi, I really needs some help with CIS I am getting myself confused had a break from work and CIS introduced while having time out. So I work for a shop fitters who are hired as contractors and also use contractors. So I understand how to deal with receiving sub contractors invoices (we use Xero) I know I ne...	Jayne1410	3	1847	Thu Jun 22 17:12 2023 by Artois
	Bookkeeping jobs Accounting (Preview) Bookkeeping jobs are in high demand as businesses of all sizes require skilled bookkeepers to maintain accurate financial records. Bookkeepers are responsible for recording financial transactions, reconciling accounts, and generating financial reports. They play a vital role in ensuring t...	sambilling	3	3119	Sun May 21 11:32 2023 by Leger
	Sole trader to LTD accounts (Preview) Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse c...	GraemeM	5	1763	Tue May 2 13:41 2023 by You
	Treatment of a cash 'float' (Preview) Hi everyone, Can I double check please the correct book keeping treatment to record the following; A church has made a payment of cash, say £50 to a care taker which has been described as a "cash float" to allow him to buy certain items without the inconvenience to him of using his own Money. Thanks ...	BeanCounter2020	4	1849	Sat Apr 29 11:26 2023 by You
	What is the best accounting and bookkeeping software that can be used at an affordable cost? (Preview) I have been searching for software that can help me manage my accounting and bookkeeping tasks, have researched on google as well. Just want more suggestions to be more clear about it.	Gena Sanford	6	4331	Tue Apr 11 08:25 2023 by You
	Why should i prefer tax software hosting (Preview) Why should i prefer tax software hosting	Bhavleenkr16	2	1678	Sun Apr 9 22:32 2023 by You
	Xero and Bank Login details for Investors (Preview) I am a finance assistant and Ive been at my company for 4.5 months. We have a new management accountant due to start soon. Meaning I am currently doing everything finance related for the last 3 months. We also have an external person who is supposed to be working on a budget system and forecast as we hav...	Zazza79	7	2162	Tue Mar 28 10:19 2023 by Leger
	Missing customer invoice (Preview) Hi,I do accounts and it has just been brought to my attention that a two customer invoices have not been invoiced prior accounting period but we received the money (accounts already submitted) and therefore were not included in the sales.Can these be included within the current accounting peri...	guy	6	2579	Mon Mar 27 09:58 2023 by No
	Where is everyone? (Preview) I visited for the first time in ages today, just for a look. Where has everyone gone? It's all become a bit tumbleweed. It's such a shame to see a forum that used to be a fantastic resource for bookkeepers setting out, and running their practice descend as it has. Let me know if you're still around, watc...	kjmcculloch83	4	2095	Sat Mar 25 16:31 2023 by Leger
	Understanding GST Rates in India. GST Rates HSN code list HSN Codes GST Rules (Preview) Goods and Services Tax (GST) is a consumption-based tax system that has replaced multiple indirect taxes in India. GST rates are set by the GST Council, which comprises the finance ministers of the states and the central government. Understanding the various GST rates in India is important for bus...	nikita_rai	1	2018	Thu Mar 23 15:35 2023 by No
	Accruals and Prepayments HELP! (Preview) Hi all! I am currently studying for my AAT Level 4 and have 2 years experience in accounting. I have just started a new job and I have been looking over their accounts. At the time of writing (March) we are in our 10th month of the year. I see that in the accruals and prepayments there are balances which we...	Brownme02	4	1996	Thu Mar 9 09:46 2023 by Onion4Sage
	GST Tax codes (Preview) Hi Guys, I have come across a few GST Tax codes that I'm not very familiar with and I need to enter them in to MYOB, CAF - Capital Asset GST Free - 0% NTD - Non-tax Deductable - 0% NIF - Negative income GST Free - 0% I need to know the tax type, and linked accounts that go with each can anyone help me PLEASE!!! I hav...	chrissi	2	7439	Wed Feb 22 10:29 2023 by nikita_rai
	entries for dealing with income tax refund (Preview) Could someone please tell me the entries needed to deal with an income tax refund. I have just started doing bookkeeping for a recently self employed artist - no tax was paid out last year - doesn't earn enough. Have received income tax refund straight into bank a/c. What are the entries on the led...	treskim	8	4900	Wed Feb 22 10:26 2023 by nikita_rai
	Transfer of shares in family limited company (Preview) Hi Does anyone here have any advice? Since 2010 I have been looking after the financial affairs and admin for a road freight company, which has grown considerably since then. The managing director has always been the sole shareholder, but she is now thinking of transferring 49 of the 100 shares to h...	Mark99	0	1740	Mon Feb 20 10:43 2023 by Mark99
	Ecommerce Clients- difficulties? (Preview) We mostly go after ecommerce clients but software is rich but never bookkeeper/accountant focused. We have been using Link My Books for some of our ecommerce clients. Its good when it automatically posts the monthly sales but when we want to create a VAT report or prior year accounts it can be a real st...	ecomledger	4	3189	Thu Feb 16 08:16 2023 by Shabana
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