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

Chux · Chux

For those who would like a simple and practical exposition of how to do basic management accounts using dead simple and basic examples, this book can teach you that in a matter of hours. "Zen and the Basics of Management Accounting" out now. Link is below:- http://www.lulu.com/shop/chu...

Mel LT · Mel LT

Hi all, I hope you can help/reassure me. I've just taken on my first client and I'm clueless about where to start. I've already had sleepless nights and am wondering whether to just ask him to find someone more experienced. Basically his acccounts are a mess. He has been trading for two years, he has be...

Kitty37 · Kitty37

My client is providing a new kitchen to a new dwelling - we are going to split our supply between (i) goods incorported into the building e.g. fitted kitchen furniture and (ii) goods not incorporated e.g. microwave. I will zero rate the supply of goods that will be incorporated and standard rate the re...

Rhianrach · Rhianrach

If you go on a business trip and buy snacks to eat on the drive over, is there any way this can be classed as subsistence?

Sharon Eyre · Sharon Eyre

I have a client who has a window cleaning round- he also is into motor biking He has put receipts in for thermal leggings etc - now I know he probably wears them for both working and biking- general opinion- would you split the cost 50/50 or disallow completely ?

Rhianrach · Rhianrach

Hi I'm putting together a cashflow forecast starting with actual cashflow. Would all receipts and payments be inclusive of vat with every quarter the vat being paid out or would they all be net as the vat you have received isn't really yours and the vat on purchases overstates how much you have trully...

Cheshire · Cheshire

Hi all thought I had to share this with you all...just seen my dream job posted on this website....Sandals is looking to hire a Regional Financial Controller in St Lucia, UK although didn't know St Lucia was in the UK! If it's the Caribbean, I'm defo off. Anybody wanting to join me then get your ca...

Nimac · Nimac

Hi I have done an exercise a few times for my current employer to work out the hourly charge out rate he should be charging for his engineers. Up until now i have been using a fairly simple method 1. Collate all the overheads 2. Divide overheads by the number of productive hours to give you a overhead rate...

Elaine Rae · Elaine Rae

Can anyone confirm my understand that charges made by Dropbox (a US company supplying a service) is outside the scope of VAT and therefore should not appear on the VAT return at all. Thanks

TheOldOakTree · TheOldOakTree

Hi all, I have a friend who runs his own business and his accounts are basically non-existent. It's been running for a couple of years now, is there any way to pick a point and just start the books from there? how would we represent that? it's a very small one-man business so he was able to submit three line...

Corry · Corry

Hi, One of my clients uses their ISA account to save for their tax and other large unexpected business expenses. They want the ISA account linked with their accounts show it shows in the balance sheet as an asset at year end. My question is, how do I account for the interest earned as it is not subject to...

MichaelWGroves · MichaelWGroves

http://www.hmrc.gov.uk/manuals/pimmanual/PIM3215.htm

Kazza · Kazza

We have started using a company to enable us to take payments over the phone. They take 2.5% from the customer payment & then pay us the remaining amount. What would be the best way for me to log this on our accounts as the payment from the customer into our bank will not be the full amount & will the...

katebrown · katebrown

Morning all - I wonder if anyone can help with this please? I have a client who is planning to pay bursaries to his children who are at university. These will be available to the children of all employees. There are two things I need to find out: 1. Are the bursaries taxable income for the children, or a cha...

tarcon · tarcon

Hi all. First post and its looking for help! On Sage Instant accounts, the numbering when in customer receipt view suddenly jumps from 68 to 124. On the invoice list it shows the invoices numbered perfectly but not on customer receipts. Any ideas how to resolve this? BTW, the receipt number 68 was in...

Jay3 · Jay3

Hi, Help needed please. I have posted the following Cost of Goods Sold calc: Cost Of Sales Opening Stock 1,357.30+ Purchases 3,401.46Less Closing Stock 1,576.91 3,181.85 The problem is the closing stock figure is based on a year end stock take? I think I needed to post some kind of stock a...

choccly-pops · choccly-pops

Hi All, I am hoping someone can help me. I know that you can charge 8.5% interest on overdue invoices. Is that the most you can charge? A friend of mine in business has been charging a client 10% interest per month, and is saying that she's been told she can charge up to 15%. I don't want her to be charging to...

Count1314 · Count1314

There are a few methods of taking payment electronially these days and normally every sales item has an associated 'Fee' which I had been in the habit of booking as bank charges. When it comes to PayPal, there is a neat summary page for the month that totals these fees as well as totalling sales and provi...

jmorjaria · jmorjaria

I am new to accounting.. I have acquired VT book keeper program to do my own tax returns. Please can someone help me as I do not know how to account for the NIC contributions I make to HMRC... do they go as expenses or in the capital account and as what drawings???

elephantshow1984 · elephantshow1984

Hello, We changed from a sole trader to a Ltd company in April this year which coincided with the year end. my accountant gave me journals to enter for year end, which credited all supplier and customer records, a new bank was set up etc. We have since made payments to the suppliers as a ltd company, these...

Topic		Started By	Replies	Views	Last Post
	Doing management accounts (Preview) For those who would like a simple and practical exposition of how to do basic management accounts using dead simple and basic examples, this book can teach you that in a matter of hours. "Zen and the Basics of Management Accounting" out now. Link is below:- http://www.lulu.com/shop/chu...	Chux	16	1265	Fri Oct 24 09:05 2014 by Chux
	Bitten off more than I can chew? (Preview) Hi all, I hope you can help/reassure me. I've just taken on my first client and I'm clueless about where to start. I've already had sleepless nights and am wondering whether to just ask him to find someone more experienced. Basically his acccounts are a mess. He has been trading for two years, he has be...	Mel LT	3	1068	Thu Oct 23 14:20 2014 by Elaine Rae
	Reclaiming Input VAT on supply of goods for a new dwelling which is zero rated (Preview) My client is providing a new kitchen to a new dwelling - we are going to split our supply between (i) goods incorported into the building e.g. fitted kitchen furniture and (ii) goods not incorporated e.g. microwave. I will zero rate the supply of goods that will be incorporated and standard rate the re...	Kitty37	0	692	Thu Oct 23 10:05 2014 by Kitty37
	Subsistence (Preview) If you go on a business trip and buy snacks to eat on the drive over, is there any way this can be classed as subsistence?	Rhianrach	4	957	Wed Oct 22 11:51 2014 by FoxAccountancyServices
	To Include or not (Preview) I have a client who has a window cleaning round- he also is into motor biking He has put receipts in for thermal leggings etc - now I know he probably wears them for both working and biking- general opinion- would you split the cost 50/50 or disallow completely ?	Sharon Eyre	17	1058	Tue Oct 21 20:59 2014 by Sharon Eyre
	Cash flow forecast (Preview) Hi I'm putting together a cashflow forecast starting with actual cashflow. Would all receipts and payments be inclusive of vat with every quarter the vat being paid out or would they all be net as the vat you have received isn't really yours and the vat on purchases overstates how much you have trully...	Rhianrach	3	612	Tue Oct 21 18:15 2014 by Cheshire
	Just seen my dream job (Preview) Hi all thought I had to share this with you all...just seen my dream job posted on this website....Sandals is looking to hire a Regional Financial Controller in St Lucia, UK although didn't know St Lucia was in the UK! If it's the Caribbean, I'm defo off. Anybody wanting to join me then get your ca...	Cheshire	15	1296	Tue Oct 21 09:48 2014 by VinceH
	Which method of costing do you use? (Preview) Hi I have done an exercise a few times for my current employer to work out the hourly charge out rate he should be charging for his engineers. Up until now i have been using a fairly simple method 1. Collate all the overheads 2. Divide overheads by the number of productive hours to give you a overhead rate...	Nimac	3	742	Tue Oct 21 09:36 2014 by Nimac
	Service from USA (Preview) Can anyone confirm my understand that charges made by Dropbox (a US company supplying a service) is outside the scope of VAT and therefore should not appear on the VAT return at all. Thanks	Elaine Rae	11	840	Mon Oct 20 18:57 2014 by Dinky
	Very patchy accounts (Preview) Hi all, I have a friend who runs his own business and his accounts are basically non-existent. It's been running for a couple of years now, is there any way to pick a point and just start the books from there? how would we represent that? it's a very small one-man business so he was able to submit three line...	TheOldOakTree	10	991	Mon Oct 20 07:23 2014 by Unwize Owl
	Interest Earned on an ISA Account (Preview) Hi, One of my clients uses their ISA account to save for their tax and other large unexpected business expenses. They want the ISA account linked with their accounts show it shows in the balance sheet as an asset at year end. My question is, how do I account for the interest earned as it is not subject to...	Corry	2	722	Sun Oct 19 15:45 2014 by Corry
	PIM3215 - Furnished lettings: Wear & tear allowance: Claiming -2011/12 onwards (Preview) http://www.hmrc.gov.uk/manuals/pimmanual/PIM3215.htm	MichaelWGroves	1	856	Thu Oct 16 23:52 2014 by MarkS
	Writing off an underpayment (Preview) We have started using a company to enable us to take payments over the phone. They take 2.5% from the customer payment & then pay us the remaining amount. What would be the best way for me to log this on our accounts as the payment from the customer into our bank will not be the full amount & will the...	Kazza	3	805	Thu Oct 16 14:52 2014 by FoxAccountancyServices
	Bursaries to employees' children (Preview) Morning all - I wonder if anyone can help with this please? I have a client who is planning to pay bursaries to his children who are at university. These will be available to the children of all employees. There are two things I need to find out: 1. Are the bursaries taxable income for the children, or a cha...	katebrown	2	810	Wed Oct 15 11:01 2014 by katebrown
	Sage Instant, customer receipt numbering issue (Preview) Hi all. First post and its looking for help! On Sage Instant accounts, the numbering when in customer receipt view suddenly jumps from 68 to 124. On the invoice list it shows the invoices numbered perfectly but not on customer receipts. Any ideas how to resolve this? BTW, the receipt number 68 was in...	tarcon	5	932	Wed Oct 15 08:35 2014 by VinceH
	Closing Stock Adjustment / Value (Preview) Hi, Help needed please. I have posted the following Cost of Goods Sold calc: Cost Of Sales Opening Stock 1,357.30+ Purchases 3,401.46Less Closing Stock 1,576.91 3,181.85 The problem is the closing stock figure is based on a year end stock take? I think I needed to post some kind of stock a...	Jay3	3	2331	Wed Oct 15 08:21 2014 by richard2013
	Interest on overdue invoices (Preview) Hi All, I am hoping someone can help me. I know that you can charge 8.5% interest on overdue invoices. Is that the most you can charge? A friend of mine in business has been charging a client 10% interest per month, and is saying that she's been told she can charge up to 15%. I don't want her to be charging to...	choccly-pops	2	675	Tue Oct 14 09:45 2014 by choccly-pops
	PayPal charges and others of that type...... (Preview) There are a few methods of taking payment electronially these days and normally every sales item has an associated 'Fee' which I had been in the habit of booking as bank charges. When it comes to PayPal, there is a neat summary page for the month that totals these fees as well as totalling sales and provi...	Count1314	5	930	Mon Oct 13 19:34 2014 by FoxAccountancyServices
	Accounting for NIC in VT book keeper for a self employed person (Preview) I am new to accounting.. I have acquired VT book keeper program to do my own tax returns. Please can someone help me as I do not know how to account for the NIC contributions I make to HMRC... do they go as expenses or in the capital account and as what drawings???	jmorjaria	1	834	Mon Oct 13 19:00 2014 by VinceH
	Supplier posting (sole - LTD Company) (Preview) Hello, We changed from a sole trader to a Ltd company in April this year which coincided with the year end. my accountant gave me journals to enter for year end, which credited all supplier and customer records, a new bank was set up etc. We have since made payments to the suppliers as a ltd company, these...	elephantshow1984	2	870	Sun Oct 12 17:31 2014 by Stardoe
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