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

rafapak · rafapak

Do you know guys any websites that teach how to calculate VAT from both the net figures (not inclusive of VAT) and the gross figures (inclusive of VAT) ? I have some problems with understanding this one.

rafapak · rafapak

Extended Accounting Equation - 3 1. CAPITAL + (INCOME - EXPENSES) - DRAWINGS = ASSETS - LIABILITIES 2. ASSETS + EXPENSES + DRAWINGS = CAPITAL + LIABILITIES + INCOME I dont know what is the rule according to which we can rearrange equation number one so that we arrive at equation number two where ever...

StuartAnder · StuartAnder

Hi. can anyone recommend an internal system I could set up for managing and paying invoices for EU Subsidiary companies? Thanks stuart

maggie123 · maggie123

I've taken on a new client - chiropodist. He runs three clinics in different areas and wants to claim train travel to one of them and bus fares to the other two. I'm concerned that these will not be classed as allowable. Although the travel is necessary to carry out the work he does, would it not be clas...

woodlandview · woodlandview

Hi I'm using quickbooks Pro 2010 and have encountered this problem for the first time. Having filed a vat return online for last quarter, QB is flagging up in the VAT 100 report for that period an unassigned vat amount - this is identical to the net VAT to pay amount. I have run the unassigned vat amounts d...

Cheshire · Cheshire

Hi I took over a client a few months ago and Ive been merrily matching a gazzillion and one remits to invoices until today when Ive come across two that are not showing. Customer only started using this software in Aug 14 and these invoices are from 2013 and the previous bookkeeper clearly thought they...

Rhianrach · Rhianrach

No matter how hard I try I can't seem to get my cash flow actuals to give a correct balance, it always seems to be a pound or 2 out. Does anyone get them down to the penny?

Sammy76 · Sammy76

I've had a client for two years. He's one of those that expects things done the second he calls, but gives serious lack of info, then takes months to give you that info and then has a go that you are taking too long. In July I completed everything (as best I could with the information given) to the end of Marc...

angelesydan · angelesydan

Hello, Last year I was self employed for half of the year. My contractors were taking the 20% from my labour for the CIS tax. I have all the statements. Now I am trying to close my books. I know I have to add the total that was taking from me to the tax return. I was entering the CIS discounted amounts like it fo...

Blonde Accountant · Blonde Accountant

A ltd company client is considering getting a corporate gym membership for herself and employees. As it's a corporate membership, the fees would be offered at a cheaper rate to the employees. My questions are, which is better for the employees, for the cost to be declared on a p11d or to be put through a...

TrevorD · TrevorD

I think its really cool .... all the people that hang about the forum, answer questions and give their advice free .... As a newbie, I check the forum out and post as needed ...... Love the banter ... humor .... etc Regards Trevor

Kazza · Kazza

We have invoiced a client which is new build work. We have invoiced several invoices now with vat which should have been zero rated. How can we now remove the vat?

Kazza · Kazza

We have paid for a subscription by uk debit card to a us supplier. The receipt is in dollars. The amount taken out is in pounds & there is a non sterling bank charge. How do I log the bank charge?

StuartAnder · StuartAnder

Hi, Im confusing my self here.. When entering opening balances do you use the first day of the new period or the last day for the previous period (as in Balance sheet accounts) Thanks STuart

Ben89 · Ben89

Hi all I have a client who owns a cleaning company who sub contracts out some work to her friend...her friend has registered as self employed and done all the correct things. My client has been told by her accountant that it's basically bit of a grey area...The sub contractor shouldn't work the same job...

Sharon Eyre · Sharon Eyre

aaaaarrrggggghhhhhh don't you just love clients !! just want to rant a little ! Got one who is trying to claim around £5000 of things that are clearly not business expenses -I have accepted £2k of them because I have given her benefit of the doubt -she still isn't happy and is now asking can I put them thro...

Elaine R · Elaine R

I have a client (Sole Trader) who died in July this year. Only found out when his wife emailed me. She had decided she wants to keep the business going so have set her up with her own Self Assessment Account. My problem is getting the closing stock balance for the Tax Year end. I have asked the wife if she...

Sharon Eyre · Sharon Eyre

Am I right in thinking that if someone buys a property but puts it in his partners name then decides (after I point it out that she is the one that gets taxed on the rental income) she will gift it back to him there is no Capital Gains Tax due to their relationship

Justdee · Justdee

Need advice how to account for a new van purchase on finance with part exchange of old van (old van wasn't accounted for on sage instant) and what do i need do with regard to depreciation and the interest on payments? Fairly new to Sage so simple explanations would be useful :) Thank you in advance!

Milly · Milly

We are about to post our end of year accounts, however before we do can anyone let us know what information should be included on our sage accounts to do this please? We are a limited company and I have all our invoices, salaries, directors' loans and purchases on Sage however I have never put mileage ont...

Topic		Started By	Replies	Views	Last Post
	vat calculations (Preview) Do you know guys any websites that teach how to calculate VAT from both the net figures (not inclusive of VAT) and the gross figures (inclusive of VAT) ? I have some problems with understanding this one.	rafapak	5	1035	Mon Nov 10 13:32 2014 by Shamus
	extended accounting equation (Preview) Extended Accounting Equation - 3 1. CAPITAL + (INCOME - EXPENSES) - DRAWINGS = ASSETS - LIABILITIES 2. ASSETS + EXPENSES + DRAWINGS = CAPITAL + LIABILITIES + INCOME I dont know what is the rule according to which we can rearrange equation number one so that we arrive at equation number two where ever...	rafapak	4	1432	Sun Nov 9 21:58 2014 by MarkS
	managing and paying invoices for EU Subsidiary companies (Preview) Hi. can anyone recommend an internal system I could set up for managing and paying invoices for EU Subsidiary companies? Thanks stuart	StuartAnder	0	815	Sun Nov 9 18:18 2014 by StuartAnder
	Travel to work expenses vs commuting (Preview) I've taken on a new client - chiropodist. He runs three clinics in different areas and wants to claim train travel to one of them and bus fares to the other two. I'm concerned that these will not be classed as allowable. Although the travel is necessary to carry out the work he does, would it not be clas...	maggie123	9	1224	Sat Nov 8 21:23 2014 by MarkS
	Quickbooks Unassigned Vat Amount (Preview) Hi I'm using quickbooks Pro 2010 and have encountered this problem for the first time. Having filed a vat return online for last quarter, QB is flagging up in the VAT 100 report for that period an unassigned vat amount - this is identical to the net VAT to pay amount. I have run the unassigned vat amounts d...	woodlandview	1	5479	Fri Nov 7 16:38 2014 by Zoe
	Missing invoice /opening balance help pls (Preview) Hi I took over a client a few months ago and Ive been merrily matching a gazzillion and one remits to invoices until today when Ive come across two that are not showing. Customer only started using this software in Aug 14 and these invoices are from 2013 and the previous bookkeeper clearly thought they...	Cheshire	4	909	Thu Nov 6 21:10 2014 by Cheshire
	Cash flow (Preview) No matter how hard I try I can't seem to get my cash flow actuals to give a correct balance, it always seems to be a pound or 2 out. Does anyone get them down to the penny?	Rhianrach	7	1063	Thu Nov 6 12:38 2014 by Rhianrach
	Do I take the hint? (Preview) I've had a client for two years. He's one of those that expects things done the second he calls, but gives serious lack of info, then takes months to give you that info and then has a go that you are taking too long. In July I completed everything (as best I could with the information given) to the end of Marc...	Sammy76	9	1410	Wed Nov 5 09:34 2014 by Shamus
	Bookkeeping CIS (Preview) Hello, Last year I was self employed for half of the year. My contractors were taking the 20% from my labour for the CIS tax. I have all the statements. Now I am trying to close my books. I know I have to add the total that was taking from me to the tax return. I was entering the CIS discounted amounts like it fo...	angelesydan	3	869	Sun Nov 2 20:52 2014 by richard2013
	Corporate Gym Membership PAYE implications (Preview) A ltd company client is considering getting a corporate gym membership for herself and employees. As it's a corporate membership, the fees would be offered at a cheaper rate to the employees. My questions are, which is better for the employees, for the cost to be declared on a p11d or to be put through a...	Blonde Accountant	7	2097	Sun Nov 2 20:26 2014 by Blonde Accountant
	its Mad (Preview) I think its really cool .... all the people that hang about the forum, answer questions and give their advice free .... As a newbie, I check the forum out and post as needed ...... Love the banter ... humor .... etc Regards Trevor	TrevorD	4	1178	Fri Oct 31 10:16 2014 by choccly-pops
	VAT Help (Preview) We have invoiced a client which is new build work. We have invoiced several invoices now with vat which should have been zero rated. How can we now remove the vat?	Kazza	1	1158	Thu Oct 30 22:10 2014 by Energise Accounting
	foreign currency (Preview) We have paid for a subscription by uk debit card to a us supplier. The receipt is in dollars. The amount taken out is in pounds & there is a non sterling bank charge. How do I log the bank charge?	Kazza	1	820	Thu Oct 30 22:07 2014 by Energise Accounting
	Opening Balances (Preview) Hi, Im confusing my self here.. When entering opening balances do you use the first day of the new period or the last day for the previous period (as in Balance sheet accounts) Thanks STuart	StuartAnder	2	1105	Thu Oct 30 16:09 2014 by StuartAnder
	Sub-contracting (Preview) Hi all I have a client who owns a cleaning company who sub contracts out some work to her friend...her friend has registered as self employed and done all the correct things. My client has been told by her accountant that it's basically bit of a grey area...The sub contractor shouldn't work the same job...	Ben89	24	1679	Tue Oct 28 20:48 2014 by Energise Accounting
	Annoying clients (Preview) aaaaarrrggggghhhhhh don't you just love clients !! just want to rant a little ! Got one who is trying to claim around £5000 of things that are clearly not business expenses -I have accepted £2k of them because I have given her benefit of the doubt -she still isn't happy and is now asking can I put them thro...	Sharon Eyre	27	1670	Tue Oct 28 20:09 2014 by Amanda
	Closing Stock and balance sheet (Preview) I have a client (Sole Trader) who died in July this year. Only found out when his wife emailed me. She had decided she wants to keep the business going so have set her up with her own Self Assessment Account. My problem is getting the closing stock balance for the Tax Year end. I have asked the wife if she...	Elaine R	3	1178	Mon Oct 27 14:58 2014 by Energise Accounting
	Capital Gains Tax (Preview) Am I right in thinking that if someone buys a property but puts it in his partners name then decides (after I point it out that she is the one that gets taxed on the rental income) she will gift it back to him there is no Capital Gains Tax due to their relationship	Sharon Eyre	4	761	Mon Oct 27 13:27 2014 by Sharon Eyre
	Purchase of van on finance, help needed (sage instant) (Preview) Need advice how to account for a new van purchase on finance with part exchange of old van (old van wasn't accounted for on sage instant) and what do i need do with regard to depreciation and the interest on payments? Fairly new to Sage so simple explanations would be useful :) Thank you in advance!	Justdee	1	1083	Fri Oct 24 13:08 2014 by FoxAccountancyServices
	End of Year Accounts (Preview) We are about to post our end of year accounts, however before we do can anyone let us know what information should be included on our sage accounts to do this please? We are a limited company and I have all our invoices, salaries, directors' loans and purchases on Sage however I have never put mileage ont...	Milly	5	955	Fri Oct 24 09:19 2014 by FoxAccountancyServices
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