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

468Bookkeeping · 468Bookkeeping

Hi, Looking for some help with the insurance situation at one of my Clients. Year end is 31st March 2015. The insurance payments commenced in October 2014. The total premium is £70,979.75 add projected interest at £5.09 per £100 (APR 15.52%) and a facility fee of £50 = £74642.62. The 1st DD payme...

ATM Business Services · ATM Business Services

I would be most grateful if anyone could provide and example of Chart of Accounts for Furnished Holiday Lettings business. Also any other tips/advice would be most welcome. Many thanks in advance.

Npn · Npn

Hi was wondering if someone could help me with some postings? one of the partners of the company paid for a retirement gift to a staff member on his personal credit credit card so will need paying back to himself! He also needs to split the cost with the other partner on their own drawings account. Can so...

jaybag · jaybag

Hi all I am after a little assistance. I am looking after a partnership business books and have had a load of receipts for fuel from both partners, splitting out who's receipt is who that have gone through the business account. How would you think that this could be recorded? I was thinking adding 2 nomi...

Elaine Rae · Elaine Rae

I have a client who has a pension with Standard Life; Standard Live gave them some shares some time ago, in May 2013 my client sold the majority of these share through Capita Asset Services and received £1231.85. I believe that the shares were original worth 10p each so the value of the gift was £30.0...

Eilef · Eilef

What happens to the assets that are purchased for a sole Trader When the business closes? If the business closes for trade and the owner now keeps all the assets for personal use do you have to transfer the current value to income or something?

richard2013 · richard2013

Hi I'm just reading Paul Gorman's How to Out-Advertise etc. book and he says that using a freephone telephone number increases response rates from adverts. Since I'm new to "business" I wanted to ask the community whether anyone tried this or anything similar. I'm also looking at eRecep...

Princess · Princess

I have a client who is currently a sole trader whose financial year ends in Sept. On April 1 he and a friend became a partnership. I would have thought that as there would need to be a partnership tax return done that I should probably start a new bookkeeping file for the partnership but the accountant...

Sammy76 · Sammy76

How far back can you claim purchase invoices before you started officially trading? I have a new client with a brand new business. They officially started trading in August and registered as a business with HMRC, which is when they made their first sales. However they started buying equipment back I...

111 Bookkeeping and Payroll · 111 Bookkeeping and Payroll

I've been thinking for some time now of changing the name of my business to something more appropriate for the area I live. 111 came about when I saw the letters on the side of a van about 8 years ago when I was doing part time web design and kept it with a slight name change when I went into bookkeeping. I've...

Nimac · Nimac

Hi all I do a bit of voluntary work in my local community and i have been asked to sit on the management committee of a local voluntary group. They got wind of the fact i work in accounts and they have asked me to act as Treasurer!! I know some of you on here fulfil this role and i was hoping i could get a bit of adv...

Elaine R · Elaine R

Hi All, does anyone know if you can extract data from VT cashbook? I am doing the books for a client and then a property self-assessment. The revenue and costs have to be split. Husband owned house from Aug 13 then it was joint ownership from Jan 14 onwards. I need to be able to enter all details and the...

lizg78 · lizg78

Morning all, and happy new year! One of my new years resolutions is to expand my business so I was thinking about contacting some local practices to see if they would sub contract their bookkeeping clients. I've already spoken to one and he seemed keen so I'm thinking there may be more out there willi...

Eilef · Eilef

OK, So I have a friend who has been let down by her customer for payment of her childminding bill. she is on a monthly contract and has always paid monthly on time as a rule, however as of late the payments are getting late and she is always asking for days and times that she is billed for. My friend is having...

A

Hello, I'm just about to file my first year end accounts to Companies House. As we're small limited company and will be filing abbreviated accounts only. I've bought quite a lot of computer equipment when I was still a sole trader. I've transferred it all to limited company at the beginning of financi...

MademoisellePauline · MademoisellePauline

Hi There! I have a ltd company, and am the sole director. For now, I fund the business myself and pay most expenses with my own card as the company often doesn't have enough cash. I expense the receipts, and I dont want to get repaid for now (again, the company doesn't have any cash anyway!). I would have a...

Elaine R · Elaine R

Happy New Year everyone, I have just completed my first year trading as a limited company. I have been taking money out of the company throughout the year and now I want to declare a dividend. I have got my profit figure and have deducted 20% for Corporation Tax so it is the net figure that I can declare t...

Rhianrach · Rhianrach

Hi All I think they don't but do proformas need sequential numbers?

Life_is_too_hard · Life_is_too_hard

Hi all, A little confused about what to do for a bank reconciliation when the only adjustments required are outstanding lodgements and unrepresented cheques (i.e only bank statement adjustments required). Most bank reconciliation statements entail that you have the bank statement amount at th...

aruna · aruna

Acid test ratio is a measure of short term assets to meet current liabilities.....Now my doubt is what and all will be considered as current liabilities here? -- Edited by Shamus on Wednesday 24th of December 2014 12:58:01 PM

Topic		Started By	Replies	Views	Last Post
	Insurance Finance (Preview) Hi, Looking for some help with the insurance situation at one of my Clients. Year end is 31st March 2015. The insurance payments commenced in October 2014. The total premium is £70,979.75 add projected interest at £5.09 per £100 (APR 15.52%) and a facility fee of £50 = £74642.62. The 1st DD payme...	468Bookkeeping	2	893	Tue Jan 13 10:04 2015 by 468Bookkeeping
	Furnished Holiday Lets (FHL) Chart of Accounts FHL Furnished Holiday Let Chart of Accounts (Preview) I would be most grateful if anyone could provide and example of Chart of Accounts for Furnished Holiday Lettings business. Also any other tips/advice would be most welcome. Many thanks in advance.	ATM Business Services	0	1443	Mon Jan 12 20:40 2015 by ATM Business Services
	Credit card expense (Preview) Hi was wondering if someone could help me with some postings? one of the partners of the company paid for a retirement gift to a staff member on his personal credit credit card so will need paying back to himself! He also needs to split the cost with the other partner on their own drawings account. Can so...	Npn	1	1054	Sun Jan 11 12:15 2015 by FoxAccountancyServices
	Fuel used partnership (Preview) Hi all I am after a little assistance. I am looking after a partnership business books and have had a load of receipts for fuel from both partners, splitting out who's receipt is who that have gone through the business account. How would you think that this could be recorded? I was thinking adding 2 nomi...	jaybag	1	842	Sun Jan 11 12:13 2015 by FoxAccountancyServices
	Sale of Share's and Captial Gains Tax (Preview) I have a client who has a pension with Standard Life; Standard Live gave them some shares some time ago, in May 2013 my client sold the majority of these share through Capita Asset Services and received £1231.85. I believe that the shares were original worth 10p each so the value of the gift was £30.0...	Elaine Rae	3	977	Sun Jan 11 12:08 2015 by FoxAccountancyServices
	What happens to the assests when sole trader closes (Preview) What happens to the assets that are purchased for a sole Trader When the business closes? If the business closes for trade and the owner now keeps all the assets for personal use do you have to transfer the current value to income or something?	Eilef	2	1102	Sat Jan 10 21:57 2015 by Eilef
	Advertising / Freephone question (Preview) Hi I'm just reading Paul Gorman's How to Out-Advertise etc. book and he says that using a freephone telephone number increases response rates from adverts. Since I'm new to "business" I wanted to ask the community whether anyone tried this or anything similar. I'm also looking at eRecep...	richard2013	4	883	Sat Jan 10 18:43 2015 by Shamus
	Moing from sole trader to partnership (Preview) I have a client who is currently a sole trader whose financial year ends in Sept. On April 1 he and a friend became a partnership. I would have thought that as there would need to be a partnership tax return done that I should probably start a new bookkeeping file for the partnership but the accountant...	Princess	3	942	Thu Jan 8 17:12 2015 by Princess
	claiming invoices before officially trading (Preview) How far back can you claim purchase invoices before you started officially trading? I have a new client with a brand new business. They officially started trading in August and registered as a business with HMRC, which is when they made their first sales. However they started buying equipment back I...	Sammy76	3	939	Thu Jan 8 12:11 2015 by Sammy76
	Whats in a name? (Preview) I've been thinking for some time now of changing the name of my business to something more appropriate for the area I live. 111 came about when I saw the letters on the side of a van about 8 years ago when I was doing part time web design and kept it with a slight name change when I went into bookkeeping. I've...	111 Bookkeeping and Payroll	13	1451	Wed Jan 7 14:17 2015 by 111 Bookkeeping and Payroll
	Treasurer for voluntary group (Preview) Hi all I do a bit of voluntary work in my local community and i have been asked to sit on the management committee of a local voluntary group. They got wind of the fact i work in accounts and they have asked me to act as Treasurer!! I know some of you on here fulfil this role and i was hoping i could get a bit of adv...	Nimac	0	750	Wed Jan 7 11:34 2015 by Nimac
	Extracting data from VT cashbook (Preview) Hi All, does anyone know if you can extract data from VT cashbook? I am doing the books for a client and then a property self-assessment. The revenue and costs have to be split. Husband owned house from Aug 13 then it was joint ownership from Jan 14 onwards. I need to be able to enter all details and the...	Elaine R	1	1042	Tue Jan 6 21:27 2015 by Shamus
	Contacting Accountants (Preview) Morning all, and happy new year! One of my new years resolutions is to expand my business so I was thinking about contacting some local practices to see if they would sub contract their bookkeeping clients. I've already spoken to one and he seemed keen so I'm thinking there may be more out there willi...	lizg78	11	1369	Tue Jan 6 17:18 2015 by Cheshire
	Late payment fee (Preview) OK, So I have a friend who has been let down by her customer for payment of her childminding bill. she is on a monthly contract and has always paid monthly on time as a rule, however as of late the payments are getting late and she is always asking for days and times that she is billed for. My friend is having...	Eilef	2	940	Sun Jan 4 09:05 2015 by Cheshire
	First Year Accounts - Tangible fixed assets note (Preview) Hello, I'm just about to file my first year end accounts to Companies House. As we're small limited company and will be filing abbreviated accounts only. I've bought quite a lot of computer equipment when I was still a sole trader. I've transferred it all to limited company at the beginning of financi...	A	8	2559	Sat Jan 3 16:13 2015 by A
	Funds Introduced vs Director's loans - Ltd company funds introduced director's loan ltd withdrawing (Preview) Hi There! I have a ltd company, and am the sole director. For now, I fund the business myself and pay most expenses with my own card as the company often doesn't have enough cash. I expense the receipts, and I dont want to get repaid for now (again, the company doesn't have any cash anyway!). I would have a...	MademoisellePauline	3	9283	Sat Jan 3 01:04 2015 by Shamus
	Confusion over paying myself dividends (Preview) Happy New Year everyone, I have just completed my first year trading as a limited company. I have been taking money out of the company throughout the year and now I want to declare a dividend. I have got my profit figure and have deducted 20% for Corporation Tax so it is the net figure that I can declare t...	Elaine R	2	839	Fri Jan 2 15:26 2015 by Elaine R
	Proforma (Preview) Hi All I think they don't but do proformas need sequential numbers?	Rhianrach	3	1056	Tue Dec 30 11:01 2014 by Donna CBK
	Bank reconciliation when no cash book adjustments are required. (Preview) Hi all, A little confused about what to do for a bank reconciliation when the only adjustments required are outstanding lodgements and unrepresented cheques (i.e only bank statement adjustments required). Most bank reconciliation statements entail that you have the bank statement amount at th...	Life_is_too_hard	2	905	Wed Dec 24 20:41 2014 by Life_is_too_hard
	Current liabilities in acid test ratio (Preview) Acid test ratio is a measure of short term assets to meet current liabilities.....Now my doubt is what and all will be considered as current liabilities here? -- Edited by Shamus on Wednesday 24th of December 2014 12:58:01 PM	aruna	1	897	Wed Dec 24 12:56 2014 by Shamus
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