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

charityworker · charityworker

apologies if this is similar to the question listed below, on invoices and receipts, but I am asking specifically for a charity and want to know if there is a difference. I have just started working for a charity that does not ask its suppliers for invoices. In fact, they consider it to be one of the 'nice...

blueeyes · blueeyes

Hi all, Is a compensation claim taxable? The client was employed in 14/15 when he lodged a claim with his employer for a garage door falling on him, he was paid £1600 in the tax year of 15/16 at which time he had become self employed. As this is nothing to do with his self employment I am not certain what to do...

Maggie Russell · Maggie Russell

Please could you explain the method of putting a currency purchase of euros and dollars into my sage 50 accounts. We have three bank accounts. .One for each gbp euro and usd. Purchased 100,000 euros and 180, 000 dollars. Did a bank transfer in base currency but it is not showing as these amounts in sage w...

rafapak · rafapak

Hi guys I need help again if you don't mind. in my exercise balance on slca is higher than total of the balances in the sales ledger. They ask what two reasons could explain the difference. scenario a) 'Discounts allowed were entered in the sales ledger account only' - this option is wrong and i don't k...

rafapak · rafapak

I would like to ask you for help guys. when you pay using bacs method, is money taken from your bank account immediately ?

Corry · Corry

Hi Guys, I have been looking online but have found conflicting advice, so I am turning to you for yours. One of my clients has made up Christmas Boxes for their customers containing various chocolates, biscuits, fruit etc, now my question is: 1) Can the VAT be claimed back 2) can tax relief be claimed No...

Kash21 · Kash21

Hi All, I have been bookkeeping for a family member's business for a few years now. It's pretty simple and I did most of it on Excel and upload invoices to Xero. I have decided to learn Bookkeeping properly and take my first step into the industry, I'm currently studying a course, and will hopefully be AA...

Cheshire · Cheshire

Hello all This one has been around for a while but doesnt appear to be greatly known about. Also originally targeting brand new companies they are also now targeting companies who are close the filing deadlines. Letters are from 'England Commercial Register' and mention the filing deadline in big...

CLH · CLH

Hi I'm a bit stuck with an invoice and could do with some advice. One of our clients has made a purchase of goods from Germany. The total on the invoice is in Euros, however, the bank account they state to pay the invoice to is a UK account and the invoice was paid in £. Is it OK to just post the invoice as the...

Blonde Accountant · Blonde Accountant

Hello, I prepare the accounts for a childminder who works from home. She is allowed to claim 33% of her heating bills. Her boiler has broken and she needs to buy a new one. Can she claim back some of the cost of this? I don't know if this is relevant, but British Gas told her that she is a priority customer as...

Hannah · Hannah

Good morning I have been self employed for many years in different sectors. Now I am working as a self employed bookkeeper, I am AAT qualified and licensed. I have been doing bookkeeping for self employed people and myself but now I have landed some outsourced work from an accountant. The accountant...

NickyV · NickyV

The director has purchased a company van using his own cash. How do I record firstly the directors loan and then the purchase of the van. Im quite new to Sage and Im unsure of the correct procedure. If I enter it as a bank receipt will it show up on the bank and then stop me from being able to reconcile against...

darcyfi · darcyfi

Hi, I'm hoping someone will be able to help me out with the following: I used to do the books for this person before, I am self taught (only doing it for 4 years but only one persons accounts so their accounts is all I know) and kept his accounts in order to the penny. Took 2 years out to spend time with my da...

darcyfi · darcyfi

Hi I have been out of the book keeping loop for quite a while and have recently been asked to do book keeping for a client out of the blue. I've been given a box of bank statements to sort through. Some have been entered on sage but i'm not sure if any have been reconciled. How can I find out when the last r...

rafapak · rafapak

hi guys I would like to ask you for help . In exercise given below all balances on bank statement are credit balances. You can't see it but it is true. Cash book opening balance is 240 pounds lower when compared to bank opening balance. Probably this is because of unpresented check from earlier period th...

Elaine Rae · Elaine Rae

Hi have a client who has a tendency to pay his suppliers without obtaining an invoice. Usually this is for services and not goods. I have explained that it is preferable to obtain the invoice before making the payment, as it is much harder to obtain any form of documentation once payment has been made,...

Marie Louis · Marie Louis

I am doing my bookkeeping with Xero but not that good, what is the best resource for help with my bookkeeping? Thank you

rafapak · rafapak

hi guys I would like to ask you for help. If there is debit balance on payable's individual account in purchases ledger does it mean that we overpaid our payable ?

rafapak · rafapak

hi guys I would like to ask you for help . It has to do with comparing control accounts with subsidiary ledger accounts. one of the errors that might happen is this one : Posting individual entries twice, affecting the subsidiary ledger. Is this meant here that there are two same entries on one side an...

Lyndsey · Lyndsey

One of my monthly bookkeeping clients would rather I accessed their bank accounts myself online to get the statement details & possibly help with payments of suppliers etc. Does anyone have this sort of access on their clients banks? Is there a special limited account access available? Their a...

Topic		Started By	Replies	Views	Last Post
	Missing invoices for a charity (Preview) apologies if this is similar to the question listed below, on invoices and receipts, but I am asking specifically for a charity and want to know if there is a difference. I have just started working for a charity that does not ask its suppliers for invoices. In fact, they consider it to be one of the 'nice...	charityworker	1	1111	Sat Dec 17 12:08 2016 by Cheshire
	Is compensation taxable? (Preview) Hi all, Is a compensation claim taxable? The client was employed in 14/15 when he lodged a claim with his employer for a garage door falling on him, he was paid £1600 in the tax year of 15/16 at which time he had become self employed. As this is nothing to do with his self employment I am not certain what to do...	blueeyes	3	1085	Sat Dec 17 10:53 2016 by Cheshire
	Foreign trader in sage 50 professional (Preview) Please could you explain the method of putting a currency purchase of euros and dollars into my sage 50 accounts. We have three bank accounts. .One for each gbp euro and usd. Purchased 100,000 euros and 180, 000 dollars. Did a bank transfer in base currency but it is not showing as these amounts in sage w...	Maggie Russell	11	1580	Sat Dec 17 09:53 2016 by Cheshire
	control accounts reconciliations- how to approach those exercises (Preview) Hi guys I need help again if you don't mind. in my exercise balance on slca is higher than total of the balances in the sales ledger. They ask what two reasons could explain the difference. scenario a) 'Discounts allowed were entered in the sales ledger account only' - this option is wrong and i don't k...	rafapak	15	2123	Thu Dec 15 20:36 2016 by Leger
	standing order, direct debit- bacs (Preview) I would like to ask you for help guys. when you pay using bacs method, is money taken from your bank account immediately ?	rafapak	9	1485	Thu Dec 15 20:08 2016 by Leger
	Gifts for Clients at Christmas (Preview) Hi Guys, I have been looking online but have found conflicting advice, so I am turning to you for yours. One of my clients has made up Christmas Boxes for their customers containing various chocolates, biscuits, fruit etc, now my question is: 1) Can the VAT be claimed back 2) can tax relief be claimed No...	Corry	1	910	Wed Dec 14 18:41 2016 by Cheshire
	Starting out, and no confidence, any advice? (Preview) Hi All, I have been bookkeeping for a family member's business for a few years now. It's pretty simple and I did most of it on Excel and upload invoices to Xero. I have decided to learn Bookkeeping properly and take my first step into the industry, I'm currently studying a course, and will hopefully be AA...	Kash21	1	910	Sun Dec 11 23:41 2016 by Cheshire
	Scam warning (Preview) Hello all This one has been around for a while but doesnt appear to be greatly known about. Also originally targeting brand new companies they are also now targeting companies who are close the filing deadlines. Letters are from 'England Commercial Register' and mention the filing deadline in big...	Cheshire	1	783	Sun Dec 11 15:08 2016 by Leger
	Sage 50 - purchase invoice in euros (Preview) Hi I'm a bit stuck with an invoice and could do with some advice. One of our clients has made a purchase of goods from Germany. The total on the invoice is in Euros, however, the bank account they state to pay the invoice to is a UK account and the invoice was paid in £. Is it OK to just post the invoice as the...	CLH	5	1648	Thu Dec 8 22:47 2016 by CLH
	Childminder (Preview) Hello, I prepare the accounts for a childminder who works from home. She is allowed to claim 33% of her heating bills. Her boiler has broken and she needs to buy a new one. Can she claim back some of the cost of this? I don't know if this is relevant, but British Gas told her that she is a priority customer as...	Blonde Accountant	2	939	Tue Dec 6 19:49 2016 by Blonde Accountant
	Newbie asking for advice (Preview) Good morning I have been self employed for many years in different sectors. Now I am working as a self employed bookkeeper, I am AAT qualified and licensed. I have been doing bookkeeping for self employed people and myself but now I have landed some outsourced work from an accountant. The accountant...	Hannah	1	918	Tue Dec 6 18:49 2016 by Cheshire
	Van purchase using cash loan. (Preview) The director has purchased a company van using his own cash. How do I record firstly the directors loan and then the purchase of the van. Im quite new to Sage and Im unsure of the correct procedure. If I enter it as a bank receipt will it show up on the bank and then stop me from being able to reconcile against...	NickyV	1	824	Tue Dec 6 18:30 2016 by Cheshire
	Rectify difference between sage bank balance and actual bank for tax year 2015/16 before reconciling this year (Preview) Hi, I'm hoping someone will be able to help me out with the following: I used to do the books for this person before, I am self taught (only doing it for 4 years but only one persons accounts so their accounts is all I know) and kept his accounts in order to the penny. Took 2 years out to spend time with my da...	darcyfi	4	1067	Sun Dec 4 17:36 2016 by Cheshire
	Bank Reconciliation query? How to tell when it was last done? (Preview) Hi I have been out of the book keeping loop for quite a while and have recently been asked to do book keeping for a client out of the blue. I've been given a box of bank statements to sort through. Some have been entered on sage but i'm not sure if any have been reconciled. How can I find out when the last r...	darcyfi	5	1013	Fri Dec 2 19:57 2016 by Cheshire
	cash book and bank reconciliation-openinig balances don't match (Preview) hi guys I would like to ask you for help . In exercise given below all balances on bank statement are credit balances. You can't see it but it is true. Cash book opening balance is 240 pounds lower when compared to bank opening balance. Probably this is because of unpresented check from earlier period th...	rafapak	4	1953	Thu Dec 1 09:25 2016 by VinceH
	Invoice's and receipts (Preview) Hi have a client who has a tendency to pay his suppliers without obtaining an invoice. Usually this is for services and not goods. I have explained that it is preferable to obtain the invoice before making the payment, as it is much harder to obtain any form of documentation once payment has been made,...	Elaine Rae	7	1150	Wed Nov 30 15:19 2016 by VinceH
	Bookkeeping tool (Preview) I am doing my bookkeeping with Xero but not that good, what is the best resource for help with my bookkeeping? Thank you	Marie Louis	12	1371	Mon Nov 28 19:37 2016 by Leger
	debit balance on payable's account (Preview) hi guys I would like to ask you for help. If there is debit balance on payable's individual account in purchases ledger does it mean that we overpaid our payable ?	rafapak	2	806	Fri Nov 25 23:40 2016 by rafapak
	control accounts reconciliations- error (Preview) hi guys I would like to ask you for help . It has to do with comparing control accounts with subsidiary ledger accounts. one of the errors that might happen is this one : Posting individual entries twice, affecting the subsidiary ledger. Is this meant here that there are two same entries on one side an...	rafapak	2	830	Fri Nov 25 19:19 2016 by rafapak
	Accessing/Viewing clients Bank accounts? (Preview) One of my monthly bookkeeping clients would rather I accessed their bank accounts myself online to get the statement details & possibly help with payments of suppliers etc. Does anyone have this sort of access on their clients banks? Is there a special limited account access available? Their a...	Lyndsey	2	859	Fri Nov 25 15:24 2016 by Lyndsey
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