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

stargirl · stargirl

Hi, The company I work for received a county court claim which we have now paid, I just need some help on how to post this onto to sage and wether VAT is applicable or not? The original supplier account still has outstanding invoices which relate to the claim but the claims payment was made to a solicito...

Paula1 · Paula1

Hi All, It has been a few years since I last used Sage 50 and I cannot recall how to allocate payments to a PI that is posted to a supplier account after the payment is posted I have taken on a new job and I have a clean up to do, there are alot of payments and invoices outstanding on my suppliers that I need to al...

adamdylan · adamdylan

Hi guys interested to hear your thoughts and experiences On hwatis the best accounting software for bars and restaurants

adamdylan · adamdylan

Hi Guys Landlord sole trader earning @40k no finance whatsoever Refurbing new property income to inc to 80-100k Wants to keep paying basic rate tax and wants to partner with girlfriend who will genuinely be active 5 days pw Whats the best way they can split income 50/50 and keep income basic rate ie 50...

Sean Bolton · Sean Bolton

Good morning, We carry out conversion and repair work on our own vehicles but I am unsure how to account for the costs. I have raised an internal zero rated vat invoice so that my stock is adjusted and labour accounted for but not sure if this is correct or if I need to do a journal to clear the balance from my...

Sherlock · Sherlock

If a director should move to a hotel because his partner has tested positive for Covid. Can this be claimed as a valid business expense?

Watson2012 · Watson2012

Hello me and my friend are struggling with the below.Supplier asked for sales invoice for full trade in amount of 19000. + vat posted to sale of assets account. Payment Outstanding.New vehicle purchased for 40000 + vatOld vehicle FA of 22000Depreciation 16000Finance balance of 11000The dealersh...

EmmaAlt · EmmaAlt

Hi all, I am registered with HMRC for AML supervision and have a Government Gateway ID for that. Years ago I was self-employed in a different industry but closed that business and thought no more of it. When I tried to register my bookkeeping business for self-assessment it was flagged up that I alrea...

HelenF02 · HelenF02

Hello. I was always taught, if a Director pays a tip on his allowable subsistence expenses that this tip is not allowable and I process that to DLA. What about Employees? First time this client has taken on employees, there is no expenses policy, told them but they just allow staff to do what they wan...

Caroling · Caroling

Please can somebody advise me, I am doing Sage for my furture son-in-law and he is a Dj and also play with a band, He quite often goes to recording studio's, but I cannot find anything related in the nominal codes. Driving me crazy!

MagsMols · MagsMols

Hi everyone, My name's Maggie, I'm AAT qualified and i've a got around 18 years experience in Purchase Ledger and treasury. I'm wondering if anyone would be able to give me a dummies guide to setting up to do some paid bookeeping and payroll on the side. I've been researching the steps I need to take...

Jpeterson85 · Jpeterson85

I have a query regarding business income for cashback on a VAT registered limited company registered in the UK. We recently opened up a PayPal Business Debit Mastercard and you receive 0.5% cashback on all purchases. We have a separate PayPal account for any business transactions and PayPal pay t...

Andye · Andye

Hi All I am a sole trader NOT VAT registered and run a small electrical repair business I bought a van 5 years and 8 months ago for £8400 (vat included) then sold it a month ago for £5000 in a private sale I then bought a new van on the same day for £16250 (vat included) Can someone clarify if I have to Pay Capit...

stephen72 · stephen72

Hi all , just after a bit of advice on how to deal with takings for a business that have been taken on another businesses card terminal. There are two businesses that operate from the same unit. In error one of the businesses transactions have been put through on the other businesses card terminal so t...

Roadrunner · Roadrunner

Hi After reading through few of the related the articles I've decided to kindly ask for the opinions. The customer no 1 is a SE baker working from home. Some refurbishment has been performed at two rooms at their house , living room has been converted to a kitchen / production floor. Would it be corr...

citygal5 · citygal5

Hi It seems that Xero only holds data from the last Financial year and the current one. Does anyone know if Xero has an archive ? If you need to look at your accounts records from say 4years ago - it does not seem possible. I am a bit worried that purchase invoices that I have embedded in Xero will disa...

AJones · AJones

I got the Cardnet report with service carges+fees; preparing the VAt but need to trace Cashbacks? Second, what's best method for bookkeeping via Quickbooks for off-licence stores? Do i have to use a clearing account to clearing Banking feeds? or try to post CardNet receipts directly to Sales, th...

Kinbuck · Kinbuck

Hi Everyone One of my sole-trader clients has passed away suddenly and the family will be passing me the records they can find to complete 20/21 which should be straightforward. My brain is now overthinking what to do with 21/22? Any guidance would be much appreciated. Thank you

Digdogs · Digdogs

All I know is that a) cant use capital allowances with cash accounting, b) cash accounting is based on when money is paid and accruals is invoice based, c) not supposed to change from one to the other, d) small companies often better with cash as it helps cash flow yes? Is there anything else to it and how s...

airamae · airamae

Please layout the different conditions in selling online, locally, & internationally from a UK-registered business and an Irish-registered business. Your reply should not be solely Brexit-focused (can be referenced) but rather cover VAT / month-end / year-end points that are different a...

Topic		Started By	Replies	Views	Last Post
	County Court Claim claim VAT county court (Preview) Hi, The company I work for received a county court claim which we have now paid, I just need some help on how to post this onto to sage and wether VAT is applicable or not? The original supplier account still has outstanding invoices which relate to the claim but the claims payment was made to a solicito...	stargirl	2	2218	Thu Oct 28 08:26 2021 by Zoorbing
	Unallocated invoices and payments (Preview) Hi All, It has been a few years since I last used Sage 50 and I cannot recall how to allocate payments to a PI that is posted to a supplier account after the payment is posted I have taken on a new job and I have a clean up to do, there are alot of payments and invoices outstanding on my suppliers that I need to al...	Paula1	3	1603	Thu Oct 21 09:38 2021 by Paula1
	The best Restaurant bookkeeping software ? (Preview) Hi guys interested to hear your thoughts and experiences On hwatis the best accounting software for bars and restaurants	adamdylan	1	1730	Mon Oct 11 13:56 2021 by Zoorbing
	Landlord wants to bring in Partner.. Trust (Preview) Hi Guys Landlord sole trader earning @40k no finance whatsoever Refurbing new property income to inc to 80-100k Wants to keep paying basic rate tax and wants to partner with girlfriend who will genuinely be active 5 days pw Whats the best way they can split income 50/50 and keep income basic rate ie 50...	adamdylan	2	1523	Mon Oct 11 13:51 2021 by Zoorbing
	Internal Invoice (Preview) Good morning, We carry out conversion and repair work on our own vehicles but I am unsure how to account for the costs. I have raised an internal zero rated vat invoice so that my stock is adjusted and labour accounted for but not sure if this is correct or if I need to do a journal to clear the balance from my...	Sean Bolton	1	1388	Mon Oct 11 08:34 2021 by Zoorbing
	Directors hotel invoice (Preview) If a director should move to a hotel because his partner has tested positive for Covid. Can this be claimed as a valid business expense?	Sherlock	3	1590	Mon Sep 20 13:10 2021 by Sherlock
	Old vehicle part ex against a new vehicle (Preview) Hello me and my friend are struggling with the below.Supplier asked for sales invoice for full trade in amount of 19000. + vat posted to sale of assets account. Payment Outstanding.New vehicle purchased for 40000 + vatOld vehicle FA of 22000Depreciation 16000Finance balance of 11000The dealersh...	Watson2012	2	1596	Thu Sep 9 16:35 2021 by Watson2012
	Which Gateway ID to use?! (Preview) Hi all, I am registered with HMRC for AML supervision and have a Government Gateway ID for that. Years ago I was self-employed in a different industry but closed that business and thought no more of it. When I tried to register my bookkeeping business for self-assessment it was flagged up that I alrea...	EmmaAlt	6	1971	Sun Sep 5 14:09 2021 by Taxagent
	Employee expenses - allowable? Employees expenses (Preview) Hello. I was always taught, if a Director pays a tip on his allowable subsistence expenses that this tip is not allowable and I process that to DLA. What about Employees? First time this client has taken on employees, there is no expenses policy, told them but they just allow staff to do what they wan...	HelenF02	13	1784	Fri Aug 27 13:37 2021 by Artois
	Looking for nominal code for "Recording Studio" (Preview) Please can somebody advise me, I am doing Sage for my furture son-in-law and he is a Dj and also play with a band, He quite often goes to recording studio's, but I cannot find anything related in the nominal codes. Driving me crazy!	Caroling	4	5742	Mon Aug 16 05:35 2021 by Onion4Sage
	Registering as an agent with HMRC (Preview) Hi everyone, My name's Maggie, I'm AAT qualified and i've a got around 18 years experience in Purchase Ledger and treasury. I'm wondering if anyone would be able to give me a dummies guide to setting up to do some paid bookeeping and payroll on the side. I've been researching the steps I need to take...	MagsMols	2	1688	Fri Aug 6 13:34 2021 by Leger
	Cashback - income for corporation tax and vat, or not? (Preview) I have a query regarding business income for cashback on a VAT registered limited company registered in the UK. We recently opened up a PayPal Business Debit Mastercard and you receive 0.5% cashback on all purchases. We have a separate PayPal account for any business transactions and PayPal pay t...	Jpeterson85	10	4274	Wed Aug 4 12:27 2021 by Shamus
	Sale of a van and purchase of another (Preview) Hi All I am a sole trader NOT VAT registered and run a small electrical repair business I bought a van 5 years and 8 months ago for £8400 (vat included) then sold it a month ago for £5000 in a private sale I then bought a new van on the same day for £16250 (vat included) Can someone clarify if I have to Pay Capit...	Andye	1	1543	Sun Aug 1 19:44 2021 by Artois
	transfer of takings (Preview) Hi all , just after a bit of advice on how to deal with takings for a business that have been taken on another businesses card terminal. There are two businesses that operate from the same unit. In error one of the businesses transactions have been put through on the other businesses card terminal so t...	stephen72	2	1644	Tue Jul 27 11:58 2021 by stephen72
	Working from home , subsistence working from home subsistence (Preview) Hi After reading through few of the related the articles I've decided to kindly ask for the opinions. The customer no 1 is a SE baker working from home. Some refurbishment has been performed at two rooms at their house , living room has been converted to a kitchen / production floor. Would it be corr...	Roadrunner	8	2407	Fri Jul 23 17:22 2021 by Shamus
	Saving Data in XERO (Preview) Hi It seems that Xero only holds data from the last Financial year and the current one. Does anyone know if Xero has an archive ? If you need to look at your accounts records from say 4years ago - it does not seem possible. I am a bit worried that purchase invoices that I have embedded in Xero will disa...	citygal5	11	2390	Tue Jul 20 10:34 2021 by HarryStottle
	Cashbacks tracked on off-licence stores (Preview) I got the Cardnet report with service carges+fees; preparing the VAt but need to trace Cashbacks? Second, what's best method for bookkeeping via Quickbooks for off-licence stores? Do i have to use a clearing account to clearing Banking feeds? or try to post CardNet receipts directly to Sales, th...	AJones	2	1643	Fri Jul 9 10:05 2021 by BudgetB
	When a sole trader dies (Preview) Hi Everyone One of my sole-trader clients has passed away suddenly and the family will be passing me the records they can find to complete 20/21 which should be straightforward. My brain is now overthinking what to do with 21/22? Any guidance would be much appreciated. Thank you	Kinbuck	7	2114	Sat Jul 3 21:04 2021 by stephen72
	The Difference Between Cash Accounting and Accruals (Preview) All I know is that a) cant use capital allowances with cash accounting, b) cash accounting is based on when money is paid and accruals is invoice based, c) not supposed to change from one to the other, d) small companies often better with cash as it helps cash flow yes? Is there anything else to it and how s...	Digdogs	2	1632	Sat Jun 26 14:57 2021 by Digdogs
	Conditions in selling online locally and internationally for UK and Ireland registered business. (Preview) Please layout the different conditions in selling online, locally, & internationally from a UK-registered business and an Irish-registered business. Your reply should not be solely Brexit-focused (can be referenced) but rather cover VAT / month-end / year-end points that are different a...	airamae	3	1817	Sat Jun 26 11:39 2021 by Chaz
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