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

happy days · happy days

Hi Can anyone advise of the correct treatment of a deposit that is being held as a deposit on the van that will be totally refundable (subject to any damage to van) when the franchise ends. many thanks

jillhicks · jillhicks

Hi All I have just started working for someone in the construction industry who works away from home. He is paying his men an allowance for food and his given me a large envelope of food receipts. Not sure how to deal with this. Shoud I start a purchase account and put allowance into this and then clear it...

Jay3 · Jay3

Hi Can someone give me some advice please as to how to handle debts at year end. So example, we are owed money for activity which has taken place in the year, however, a customer might be taking extra long to pay e.g. 90 days instead of 30 days which takes us past our year end reporting by 2 months. Scenar...

Eilef · Eilef

just a quick thought on would you be able to claim for an eye test against your self employed business? My first thought was no, but then to adhere to the health and safety directive of 1992 you have to provide an eye test to employees who use a visual display unit regularly. So if as a bookkeeper you took s...

nicd1981 · nicd1981

Hi all , I set up my bookkeeping business in April and to date only have one client . I must add I found this client on indeed he was advertising for a self employed bookkeeper. I've advertised on gumtree and all the free local sites . I've built up a basic website and advertised on Facebook but haven't rea...

Alia · Alia

Hello, I have a problem with Petty cash. don't laugh! I am doing bookkeeping for a customer. Patty cash is done by a staff member. There are serious discrepancies (even to a £100!) one way and the another. I've never had petty cash money in my hands so I don't know how much is actually in the box. Owner seem...

serena15 · serena15

Hi Can anyone advise if you can claim the VAT back on till shortages. When I post the till total I have to account for what should have been in the till and so VAT is charged on the full amount, so when I pass the till difference, can I reclaim the vat back?

Eilef · Eilef

just been looking into Cash Accountng for a friend, just want to check my understandino on this point. HMRC website states some conditions this being onebuying or selling goods using lease purchase, hire purchase, conditional sale or credit sale Am I right in thinking this is for credit applicati...

Nikole · Nikole

When doing my vat return i print off the day books. Do any of you print any other reports to assist you in your vat return. Thanks

Eilef · Eilef

has anyone know of any good free sites to make a business plan? I have a meeting with a Buiness Manager at Barclays in a few weeks and he has asked to see my business plan before opening a business account.

woodycatherine · woodycatherine

Morning Everyone! Looking for some advice on profit & loss and balance sheet entries please? I have a self employed client who has bought a van for work use. He has borrowed the funds from a relative and is paying it back at £100 per week. I've worked out the depreciation and know that he claim AIA on h...

Eilef · Eilef

just a quick question, i listed myself with a free advert today in yellow pages and yell.com they didn't waste anytime in phoning me to get me to have a paid advert. Just wondering if anyone else has done this and did you have much success?

Bobble · Bobble

Hello I do the books for my business and have had no trouble up until now, it's all pretty straitforward. My question is that my bank tried to transfer money for drawings but there weren't enough funds so it's been paid back in. A couple of days later it went through as normal. now do I need to enter the amou...

SteveB · SteveB

I am now starting to produce my accounts for 2014/15. In July 2014 I sold a business. My questions are:- 1. During the sale process I incurred some legal costs, do I show them in the Profit & Loss Account ? or do I complete a seperate statement for the sale of the business ? 2. What are the tax implicati...

Richard · Richard

Hallo. I have just had a meeting with a new client and actually feel quite uncomfortable on how bad it went. Although I referred to HMRC guidance and showed details on my PC screen, it was just an argument form the beginning. The client buys from boot sales 3 days a week, always cash and no receipts. Some a...

Eilef · Eilef

been looking at getting a local number, but not sure on what to go for.... they start at £29 for a general number £149 for a reasonable good number £299 for a highly memorable number all plus VAT whats people's thoughts I don't really want to pay £299 for a number This is a number that I can forward to ano...

Crina251075 · Crina251075

Hi there, Can any guru tell me whether there is any impact on nominal ledger when below activities happen on Sage200 system: 1. Place a purchase order for certain project and the order is listed in the cost transactions of this project as "purchase order"; 2. when we receive the ordered g...

Elaine R · Elaine R

Hi, I am doing some bookkeeping for a client who uses Paypal to receive payment on sales. On the paypal statement it shows the gross which is the sales proceed but then there is a fee deducted. should I post this fee as bank charges or would it be best to set up a code for collecting paypal charges? I am usi...

Jay · Jay

Good morning. Not a major problem by any means but when I submit returns to HMRC ( via taxcalc) the response time now takes ages. I am sure that it used to be accepted within a few seconds. I am only doing single submissions and have tried at various times of the day with similar results. Does anyone else h...

MichaelWGroves · MichaelWGroves

I'm hoping someone can explain how the recent budget affects this. I was working on the bases that say gross rent is Â£20k and mortgage interest is Â£10k my gross profit is Â£10k. I pay higher rate tax at 40% so my net profit is Â£6k. I don't understand how the recent budget affects this? Thanks Mic...

Topic		Started By	Replies	Views	Last Post
	Treatment of franchisee's refundable deposit in his accounts (Preview) Hi Can anyone advise of the correct treatment of a deposit that is being held as a deposit on the van that will be totally refundable (subject to any damage to van) when the franchise ends. many thanks	happy days	2	991	Fri Jul 31 10:41 2015 by happy days
	Subsistence (Preview) Hi All I have just started working for someone in the construction industry who works away from home. He is paying his men an allowance for food and his given me a large envelope of food receipts. Not sure how to deal with this. Shoud I start a purchase account and put allowance into this and then clear it...	jillhicks	0	924	Thu Jul 30 19:50 2015 by jillhicks
	Debts Outstanding at Year End (Preview) Hi Can someone give me some advice please as to how to handle debts at year end. So example, we are owed money for activity which has taken place in the year, however, a customer might be taking extra long to pay e.g. 90 days instead of 30 days which takes us past our year end reporting by 2 months. Scenar...	Jay3	2	942	Thu Jul 30 13:55 2015 by Onion4Sage
	Visual Display Units (Preview) just a quick thought on would you be able to claim for an eye test against your self employed business? My first thought was no, but then to adhere to the health and safety directive of 1992 you have to provide an eye test to employees who use a visual display unit regularly. So if as a bookkeeper you took s...	Eilef	4	2082	Wed Jul 29 22:35 2015 by Leger
	Advertising /marketing (Preview) Hi all , I set up my bookkeeping business in April and to date only have one client . I must add I found this client on indeed he was advertising for a self employed bookkeeper. I've advertised on gumtree and all the free local sites . I've built up a basic website and advertised on Facebook but haven't rea...	nicd1981	3	1925	Wed Jul 29 21:59 2015 by Amanda
	Petty cash dicrepancies (Preview) Hello, I have a problem with Petty cash. don't laugh! I am doing bookkeeping for a customer. Patty cash is done by a staff member. There are serious discrepancies (even to a £100!) one way and the another. I've never had petty cash money in my hands so I don't know how much is actually in the box. Owner seem...	Alia	3	4423	Mon Jul 27 18:28 2015 by Cheshire
	Till Differences (Preview) Hi Can anyone advise if you can claim the VAT back on till shortages. When I post the till total I have to account for what should have been in the till and so VAT is charged on the full amount, so when I pass the till difference, can I reclaim the vat back?	serena15	2	4373	Sun Jul 26 19:09 2015 by serena15
	Cash Accounting (Preview) just been looking into Cash Accountng for a friend, just want to check my understandino on this point. HMRC website states some conditions this being onebuying or selling goods using lease purchase, hire purchase, conditional sale or credit sale Am I right in thinking this is for credit applicati...	Eilef	0	1002	Sun Jul 26 09:47 2015 by Eilef
	Vat Return (Preview) When doing my vat return i print off the day books. Do any of you print any other reports to assist you in your vat return. Thanks	Nikole	0	1035	Sat Jul 25 20:21 2015 by Nikole
	Business Plan (Preview) has anyone know of any good free sites to make a business plan? I have a meeting with a Buiness Manager at Barclays in a few weeks and he has asked to see my business plan before opening a business account.	Eilef	5	1086	Sat Jul 25 16:10 2015 by Eilef
	Fixed Assets! (Preview) Morning Everyone! Looking for some advice on profit & loss and balance sheet entries please? I have a self employed client who has bought a van for work use. He has borrowed the funds from a relative and is paying it back at £100 per week. I've worked out the depreciation and know that he claim AIA on h...	woodycatherine	2	2239	Fri Jul 24 21:28 2015 by woodycatherine
	Advertising (Preview) just a quick question, i listed myself with a free advert today in yellow pages and yell.com they didn't waste anytime in phoning me to get me to have a paid advert. Just wondering if anyone else has done this and did you have much success?	Eilef	9	6803	Tue Jul 21 15:06 2015 by Amanda
	Help with bank statement (Preview) Hello I do the books for my business and have had no trouble up until now, it's all pretty straitforward. My question is that my bank tried to transfer money for drawings but there weren't enough funds so it's been paid back in. A couple of days later it went through as normal. now do I need to enter the amou...	Bobble	2	1609	Mon Jul 20 14:49 2015 by Bobble
	Sale of Business (Preview) I am now starting to produce my accounts for 2014/15. In July 2014 I sold a business. My questions are:- 1. During the sale process I incurred some legal costs, do I show them in the Profit & Loss Account ? or do I complete a seperate statement for the sale of the business ? 2. What are the tax implicati...	SteveB	0	1510	Sun Jul 19 09:23 2015 by SteveB
	Nightmare meeting with new client (Preview) Hallo. I have just had a meeting with a new client and actually feel quite uncomfortable on how bad it went. Although I referred to HMRC guidance and showed details on my PC screen, it was just an argument form the beginning. The client buys from boot sales 3 days a week, always cash and no receipts. Some a...	Richard	7	2132	Thu Jul 16 17:27 2015 by Cheshire
	What's in a number? (Preview) been looking at getting a local number, but not sure on what to go for.... they start at £29 for a general number £149 for a reasonable good number £299 for a highly memorable number all plus VAT whats people's thoughts I don't really want to pay £299 for a number This is a number that I can forward to ano...	Eilef	6	1151	Thu Jul 16 16:02 2015 by Eilef
	Nominal Impact on Purchase Order (Preview) Hi there, Can any guru tell me whether there is any impact on nominal ledger when below activities happen on Sage200 system: 1. Place a purchase order for certain project and the order is listed in the cost transactions of this project as "purchase order"; 2. when we receive the ordered g...	Crina251075	2	886	Thu Jul 16 11:46 2015 by Crina251075
	Sales through Paypal (Preview) Hi, I am doing some bookkeeping for a client who uses Paypal to receive payment on sales. On the paypal statement it shows the gross which is the sales proceed but then there is a fee deducted. should I post this fee as bank charges or would it be best to set up a code for collecting paypal charges? I am usi...	Elaine R	3	1404	Thu Jul 16 10:45 2015 by Cheshire
	Submissions of Returns to HMRC (Preview) Good morning. Not a major problem by any means but when I submit returns to HMRC ( via taxcalc) the response time now takes ages. I am sure that it used to be accepted within a few seconds. I am only doing single submissions and have tried at various times of the day with similar results. Does anyone else h...	Jay	3	1015	Wed Jul 15 20:35 2015 by Jay
	Mortgage interest relief for landlords (Preview) I'm hoping someone can explain how the recent budget affects this. I was working on the bases that say gross rent is Â£20k and mortgage interest is Â£10k my gross profit is Â£10k. I pay higher rate tax at 40% so my net profit is Â£6k. I don't understand how the recent budget affects this? Thanks Mic...	MichaelWGroves	1	978	Wed Jul 15 12:17 2015 by RobH
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