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

KAZ · KAZ

Hello my fellow bookkeepers! I am having a blonde moment but ..... I have just posted 425 purchase transactions, a lot of which are payments on account as no invoices (!). My problem is when I have run the PNL only one (!) them is showing despite being applied to a range of 5000 codes. The COA looks fine...

lizg78 · lizg78

Afternoon! I have a partnership on my books who have started making losses......can I carry forward these losses indefinitely, or is there a time limit on it? They hadn't made enough profit in prior years to warrant carrying the loss back. Thanks, Liz

Cheshire · Cheshire

Hello I used to get a transaction report from a client's paypal that showed gross, fee and net for his sales. Now he is telling me that paypal have changed their processes and he cant get it any more. What I really need is something showing gross, net, fees and what has actually been sold because some of...

flowchart · flowchart

Hello, Its my first time here, but i have been searching for some time for an answer and found this place, i hope its the right place to ask as i'm not an accountant. Anyway, I am self employed and on a low income, as such i have recently started to receive Housing benefit that i need to top up each month to cov...

Roy Haines · Roy Haines

I have an upcoming meeting with what I hope will be my first client - a local fish and chip shop. Any advice of specific issues with this type of business please? I assume it would be defined as 'manly cash based' for MLR purposes, but how do you handle stock, not just the potatoes and fish but all the other i...

Mad Liz · Mad Liz

I received a phonecall this morning from a criminal lawyer friend of mine. She has a new client who wants to ensure that her new business stays the right side of the criminal law and the civil law too. My friend suggested my practice for keeping her business transactions above the law. So here's the game...

Plover · Plover

I am assisting a friend with her first years tax return and I wondered if someone could cast their eye over my Miles v Fuel workings (including capital allowances for the car) and advise me if I am on the right lines?Car Insurance 165.00 Miles x 1552.40 698.58 MOT 95.35 Car...

Cluck · Cluck

Hi I have taken over the bookkeeping for a small Ltd Co - Director & two employees. Previously, there was no bookkeeper - the director collated all of the financial information on spreadsheets sometimes backed up by receipts but not necessarily. He would then pass everything to his accountan...

Samilou67 · Samilou67

Please can someone explain how I clear down a misposting account that has purchase invoices and credits in Sage? Also the accountant has asked for the reports below but I can't find them in Sage, there doesn't seem to be an option.1. Detailed profit & loss profit i.e. one which shows a breakdown by...

Eilef · Eilef

i have a self employed friend who I have been helping with her books. She is a registered childminder with the local council and has about 4 different children a week. She gets paid manly cash but the odd cheque now and again which she banks. Should she she have a separate bank account? not that there w...

Trojan1970 · Trojan1970

Hi All - I am helping a self employed hairdresser complete her SA. She set up in November 2013 and still works part time at the Council too. She bought a Summer House which she uses as a 'salon' in her Mum's garden. Can she claim any Captial Allowances for this? I've read and re read the HMRC site and I'm...

Meadowlands · Meadowlands

Morning, I have a client who is selling a truck the business owns and wants to know how to invoice for it. They use Quickbooks. it is not in the fixed asset item list so we can't create an invoice from there. They are selling it for what they bought it for in March so no depreciation needs to be accounted...

Corry · Corry

Hi, I have recently taken on a new client to complete his Limited Company accounts and personal tax return. I thought this would begin next year, however, he has sprung on me that he has a rental property. He rents it out to his son and his girlfriend but it is below the market value and some months he recei...

blueeyes · blueeyes

Hi All, How do I account for stock being introduced into a business. £2440.00. The business is a sole trader. Am I right in thinking if it was a LTD company then it would be Directors Loan in/Capital introduced. Thanks in advance

corientbs · corientbs

Corient Business Solutions Limited offers a comprehensive range of services including- Book-keeping, Payroll, Management Reporting Services and compliances. Kindly visit corients.co.uk Follow us on linkedin at << link removed by moderator >> Like us on FB << link r...

books2013 · books2013

Hi all, would appreciate a second opinion, new co formed 8.10.12 filed tax return from 8.10.12-7.10.13 on 30.10.14 and accounts to 31.10.2013. HMRC have sent penalty notice, should we have filed a second return from 8.10.13-31.10.13 with accounts or is ok that only covered 12m?

Rhianrach · Rhianrach

Hi all If I send a pro-forma out and it gets paid then am I right in thinking that all I have to do is then send a receipt? I have done it this way for a long time but now someone is asking for a vat invoice, and I think they have everything they need with the pro-forma and receipt, so now I am beginning to doubt my...

Eilef · Eilef

Hi I am using Sage Accounts 50, I am unsure if I should post £240 in 7500 Printing or 6201 Advetising For Advertising Posters? this is clearly a printing and I would say that advertising would be the cost incurred from displaying them but I'm unsure? thanks

choccly-pops · choccly-pops

Ok, so this one is a bit of an odd query, so hopefully someone can help me! One of my clients runs a truck stop. When she puts sales through the till, it is just a number depending on if it's food, drink, overnight stay, parking etc. However, occasionally there has been the odd mis-key. I just get the end of d...

choccly-pops · choccly-pops

Evenin' all Well what an interesting day. I have been called upon as a down to earth bookkeeper (I wear brightly coloured doc martens to most meetings!) to stand up in front of around 20 people and give them advice on setting up as self employed! Eek! Now usually you can't shut me up for longer than 2 min...

Topic		Started By	Replies	Views	Last Post
	5000 code items not appearing on PNL in SAGE Line 50 (Preview) Hello my fellow bookkeepers! I am having a blonde moment but ..... I have just posted 425 purchase transactions, a lot of which are payments on account as no invoices (!). My problem is when I have run the PNL only one (!) them is showing despite being applied to a range of 5000 codes. The COA looks fine...	KAZ	3	855	Tue Dec 23 19:35 2014 by KAZ
	Losses (Preview) Afternoon! I have a partnership on my books who have started making losses......can I carry forward these losses indefinitely, or is there a time limit on it? They hadn't made enough profit in prior years to warrant carrying the loss back. Thanks, Liz	lizg78	1	1291	Thu Dec 18 22:24 2014 by MarkS
	Paypal - help pleasssse (Preview) Hello I used to get a transaction report from a client's paypal that showed gross, fee and net for his sales. Now he is telling me that paypal have changed their processes and he cant get it any more. What I really need is something showing gross, net, fees and what has actually been sold because some of...	Cheshire	20	1329	Wed Dec 17 14:14 2014 by Cheshire
	Housing benefit, WTC Help needed Please Housing benefit Working tax credit (Preview) Hello, Its my first time here, but i have been searching for some time for an answer and found this place, i hope its the right place to ask as i'm not an accountant. Anyway, I am self employed and on a low income, as such i have recently started to receive Housing benefit that i need to top up each month to cov...	flowchart	1	1027	Tue Dec 16 16:29 2014 by rachel_mclean
	Chip Shop - First Client (Preview) I have an upcoming meeting with what I hope will be my first client - a local fish and chip shop. Any advice of specific issues with this type of business please? I assume it would be defined as 'manly cash based' for MLR purposes, but how do you handle stock, not just the potatoes and fish but all the other i...	Roy Haines	1	904	Mon Dec 15 22:48 2014 by Amanda
	New Naughty Client Game (Preview) I received a phonecall this morning from a criminal lawyer friend of mine. She has a new client who wants to ensure that her new business stays the right side of the criminal law and the civil law too. My friend suggested my practice for keeping her business transactions above the law. So here's the game...	Mad Liz	15	1582	Mon Dec 15 10:20 2014 by Mad Liz
	Capital Allowances workings (Preview) I am assisting a friend with her first years tax return and I wondered if someone could cast their eye over my Miles v Fuel workings (including capital allowances for the car) and advise me if I am on the right lines?Car Insurance 165.00 Miles x 1552.40 698.58 MOT 95.35 Car...	Plover	9	1371	Fri Dec 12 14:49 2014 by 111 Bookkeeping and Payroll
	Am I being too picky???? (Preview) Hi I have taken over the bookkeeping for a small Ltd Co - Director & two employees. Previously, there was no bookkeeper - the director collated all of the financial information on spreadsheets sometimes backed up by receipts but not necessarily. He would then pass everything to his accountan...	Cluck	10	2017	Fri Dec 12 11:22 2014 by Shamus
	Misposting account in Sage (Preview) Please can someone explain how I clear down a misposting account that has purchase invoices and credits in Sage? Also the accountant has asked for the reports below but I can't find them in Sage, there doesn't seem to be an option.1. Detailed profit & loss profit i.e. one which shows a breakdown by...	Samilou67	4	5221	Wed Dec 10 18:51 2014 by Tangfastic
	Self Employed friend (Preview) i have a self employed friend who I have been helping with her books. She is a registered childminder with the local council and has about 4 different children a week. She gets paid manly cash but the odd cheque now and again which she banks. Should she she have a separate bank account? not that there w...	Eilef	2	786	Wed Dec 10 17:12 2014 by Eilef
	Self Employed Hairdresser, Capital Allowances for buying a Summer House Studio? (Preview) Hi All - I am helping a self employed hairdresser complete her SA. She set up in November 2013 and still works part time at the Council too. She bought a Summer House which she uses as a 'salon' in her Mum's garden. Can she claim any Captial Allowances for this? I've read and re read the HMRC site and I'm...	Trojan1970	4	1374	Tue Dec 9 21:15 2014 by Shamus
	how to invoice for sale of asset in QB (Preview) Morning, I have a client who is selling a truck the business owns and wants to know how to invoice for it. They use Quickbooks. it is not in the fixed asset item list so we can't create an invoice from there. They are selling it for what they bought it for in March so no depreciation needs to be accounted...	Meadowlands	3	990	Mon Dec 8 14:12 2014 by Meadowlands
	Rental Income - normal market value (Preview) Hi, I have recently taken on a new client to complete his Limited Company accounts and personal tax return. I thought this would begin next year, however, he has sprung on me that he has a rental property. He rents it out to his son and his girlfriend but it is below the market value and some months he recei...	Corry	6	980	Sun Dec 7 16:01 2014 by Shamus
	Accounting for stock introduced into new business (Preview) Hi All, How do I account for stock being introduced into a business. £2440.00. The business is a sole trader. Am I right in thinking if it was a LTD company then it would be Directors Loan in/Capital introduced. Thanks in advance	blueeyes	1	1057	Sun Dec 7 13:46 2014 by Shamus
	accounting an bookkeeping services (Preview) Corient Business Solutions Limited offers a comprehensive range of services including- Book-keeping, Payroll, Management Reporting Services and compliances. Kindly visit corients.co.uk Follow us on linkedin at << link removed by moderator >> Like us on FB << link r...	corientbs	3	1250	Fri Dec 5 09:53 2014 by RobH
	Corporation tax dates (Preview) Hi all, would appreciate a second opinion, new co formed 8.10.12 filed tax return from 8.10.12-7.10.13 on 30.10.14 and accounts to 31.10.2013. HMRC have sent penalty notice, should we have filed a second return from 8.10.13-31.10.13 with accounts or is ok that only covered 12m?	books2013	3	833	Fri Dec 5 09:49 2014 by RobH
	Pro-forma and Receipt (Preview) Hi all If I send a pro-forma out and it gets paid then am I right in thinking that all I have to do is then send a receipt? I have done it this way for a long time but now someone is asking for a vat invoice, and I think they have everything they need with the pro-forma and receipt, so now I am beginning to doubt my...	Rhianrach	5	1197	Thu Dec 4 20:40 2014 by Stardoe
	Advertising Posters Nominal code (Preview) Hi I am using Sage Accounts 50, I am unsure if I should post £240 in 7500 Printing or 6201 Advetising For Advertising Posters? this is clearly a printing and I would say that advertising would be the cost incurred from displaying them but I'm unsure? thanks	Eilef	2	1978	Wed Dec 3 22:55 2014 by Eilef
	Truck stop sales receipts (Preview) Ok, so this one is a bit of an odd query, so hopefully someone can help me! One of my clients runs a truck stop. When she puts sales through the till, it is just a number depending on if it's food, drink, overnight stay, parking etc. However, occasionally there has been the odd mis-key. I just get the end of d...	choccly-pops	6	1176	Mon Dec 1 16:08 2014 by choccly-pops
	Mentoring (Preview) Evenin' all Well what an interesting day. I have been called upon as a down to earth bookkeeper (I wear brightly coloured doc martens to most meetings!) to stand up in front of around 20 people and give them advice on setting up as self employed! Eek! Now usually you can't shut me up for longer than 2 min...	choccly-pops	7	1215	Mon Dec 1 14:21 2014 by choccly-pops
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