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

KBS · KBS

Hi, One of my clients has been asked for a "Crown position confirmation (VAT/PAYE) from his bank. I have never heard of this, does anyone have any idea what it is and if this is something I need to contact HMRC for?!! Forgive me if this is a stupid question!!!!

abacus12345 · abacus12345

Hi, do the IAB hold regional meetings as the AAT and ICB do? In particular the Midlands area? Thanks

Clairey T · Clairey T

Hi I have recently set a paypal business account that sales orders will be paid into with a charge/commision included in these receipts. Can you tell me what nominal to set up the paypal account with am I right in thinking 1231 along side Petty Cash? Thanks Cx

CarolineS · CarolineS

Hi, I am currently in the process of setting up on my own and have my first potential client. He is a sole trader, working from home. My query is regarding capital allowances. In the 2013/14 tax year he purchased a new car on finance (in September). I am trying to calculate whether he would be better...

Sassy2 · Sassy2

Hello I have just started posting financial charges that take a percentage of each credit transaction, card machine rental, Sage Gateway for on-line payments and a web hosting fee. Whew all that just to earn a buck. I presume the financial charges and on-line payments fee should go to 7905...

Jenniejo · Jenniejo

Hi All - I am meeting with a new client in the next few days. Currently has a farm and is VAT registered on that. Has taken up a farm diversification grant and the new side of the business is about to open to the public in the next few days. He doesn't know if this should be classed as a totally separate busi...

DAMR · DAMR

Hi any help appreciated. One of our employees borrowed £300.00 from the company for car repairs and we agreed to deduct it from his wages. So what I need to know is how to post this deduction. Effectively he gets paid net £1250.00 and has deducted £100.00 per month. Im using Sage50 and his wages are...

yellowsenska · yellowsenska

Hi everyone, May I ask for help with the following I have Director Expenses Account overpaid for £ 1,624 and new expenses to pay for £ 2,219.97. How do I record this in Sage to reconcile the account please ? Many Thanks Kamilla

Janearmstrong1987 · Janearmstrong1987

Hi can someone please help me with the below problem. Mr A buys equipement for £215.00 and pays in cash. I put the receipt in as a purchase invoice and pay for this using NC 1230 (I know this is petty cash, but just changed to a cash account). I then did a journal entry from 1230 to 2301 (directors loan) but n...

Pennant · Pennant

If a supplier has been overpaid and agreed to clear the account to nil be sending a check for the full amount, how is this entered in Sage? Thanks

Pennant · Pennant

Should a bookkeeper take on a Ltd Co mid year, at what point would you start if starting a fresh set of accounts for them, Would you work back to day 1 of financial year and input all transactions? Would you start from the first day of assignment and take all balances as they are known on that day? Or C: other...

BBookkeeping · BBookkeeping

Hello, I'm new to QB, I love it so far, but just wondering how I can enter the bank statement transcations or upload them if the bank institution is not listed in the downloads bit? I'm using Premier Accountant Edition Thanks in advance

Roy Haines · Roy Haines

I was wondering about the general principles of allocating to to the COA the costs of setting up and running your own practice webiste. I've seen comments that business cards should be allocated to Advertising rather than Office Expenses/General Overheads etc and was wondering if the same should a...

Sammy76 · Sammy76

Client has purchased a computer which I have posted to Computer Equipment: Cost (Fixed Asset) - Is this correct or should it go to expense as it was only £400?. On QB there is a Computer Equipment: Depreciation account as well. How do i journal the depreciation of the computer? Will the journal reflect...

Sammy76 · Sammy76

Me again!!!! Same client runs two companies - this is possibly a question I have asked before as well!! Company A has an account with C Computers. He has ordered stuff for Company B from C Computers but they have invoices Company A for the goods. As I said on Telephone bills post, he is rubbish with paperw...

MaryChristina · MaryChristina

Hi everyone, Hoping someone can advise on the following..... I have a new client who uses a business bank account for his business which only a small amount of transactions are put through. The majority of his expenses are paid for by a credit card which is used for both business and personal. He giv...

blueeyes · blueeyes

If a business is registered and started trading from Aug 13, how long do you think is acceptable to make purchases for the preparation of the business?

Arunas154 · Arunas154

Hi there,i wonder if anyone could help me with this question ? Parcel delivery courier driver (VAT registered) uses self employed subcontractors services ( other courier drivers) to deliveries in his area as he himself can not cope with the amount of work.How to treat the payment to the subcontrac...

Sophie1b · Sophie1b

Hi All I have recently qualified at AAT, and I am working full time as a Management Accountant, starting CIMA in August. For a while now I have been toying with the idea of quitting my 3 nights a week in a pub, to use that time working for my self as a bookkeeper if I could find the clients (which I am sure I can)...

Kitty37 · Kitty37

I started a thread a while back about claiming mortgage interest as an allowable expense on our rental property, bearing in mind that the remortgage was on our main residence and not on the rental property. I have since found some documentation BIM45685 which states that 'a loan need not be secured on...

Topic		Started By	Replies	Views	Last Post
	Crown position confirmation (VAT/PAYE) (Preview) Hi, One of my clients has been asked for a "Crown position confirmation (VAT/PAYE) from his bank. I have never heard of this, does anyone have any idea what it is and if this is something I need to contact HMRC for?!! Forgive me if this is a stupid question!!!!	KBS	6	959	Mon Jun 30 23:20 2014 by FoxAccountancyServices
	IAB meetings (Preview) Hi, do the IAB hold regional meetings as the AAT and ICB do? In particular the Midlands area? Thanks	abacus12345	2	665	Sun Jun 29 21:34 2014 by abacus12345
	Paypal (Preview) Hi I have recently set a paypal business account that sales orders will be paid into with a charge/commision included in these receipts. Can you tell me what nominal to set up the paypal account with am I right in thinking 1231 along side Petty Cash? Thanks Cx	Clairey T	1	829	Sat Jun 28 22:12 2014 by FoxAccountancyServices
	Capital Allowances - Cars (Sole Trader) (Preview) Hi, I am currently in the process of setting up on my own and have my first potential client. He is a sole trader, working from home. My query is regarding capital allowances. In the 2013/14 tax year he purchased a new car on finance (in September). I am trying to calculate whether he would be better...	CarolineS	1	1294	Sat Jun 28 22:00 2014 by Unwize Owl
	Nominal codes for web hosting and all that goes with it! (Preview) Hello I have just started posting financial charges that take a percentage of each credit transaction, card machine rental, Sage Gateway for on-line payments and a web hosting fee. Whew all that just to earn a buck. I presume the financial charges and on-line payments fee should go to 7905...	Sassy2	6	5601	Sat Jun 28 14:56 2014 by Sassy2
	FARM DIVERSIFICATION (Preview) Hi All - I am meeting with a new client in the next few days. Currently has a farm and is VAT registered on that. Has taken up a farm diversification grant and the new side of the business is about to open to the public in the next few days. He doesn't know if this should be classed as a totally separate busi...	Jenniejo	1	763	Sat Jun 28 12:13 2014 by NickCraggs
	DEDUCTION FROM WAGES IN SAGE (Preview) Hi any help appreciated. One of our employees borrowed £300.00 from the company for car repairs and we agreed to deduct it from his wages. So what I need to know is how to post this deduction. Effectively he gets paid net £1250.00 and has deducted £100.00 per month. Im using Sage50 and his wages are...	DAMR	4	785	Fri Jun 27 21:02 2014 by Rochie
	Directors Expenses (Preview) Hi everyone, May I ask for help with the following I have Director Expenses Account overpaid for £ 1,624 and new expenses to pay for £ 2,219.97. How do I record this in Sage to reconcile the account please ? Many Thanks Kamilla	yellowsenska	1	650	Fri Jun 27 16:01 2014 by FoxAccountancyServices
	Paying in cash and showing in Directors loan... (Preview) Hi can someone please help me with the below problem. Mr A buys equipement for £215.00 and pays in cash. I put the receipt in as a purchase invoice and pay for this using NC 1230 (I know this is petty cash, but just changed to a cash account). I then did a journal entry from 1230 to 2301 (directors loan) but n...	Janearmstrong1987	9	1333	Fri Jun 27 00:08 2014 by EPF_Solutions
	Sage Supplier in Dr (Preview) If a supplier has been overpaid and agreed to clear the account to nil be sending a check for the full amount, how is this entered in Sage? Thanks	Pennant	2	647	Thu Jun 26 09:31 2014 by Pennant
	New Client (Preview) Should a bookkeeper take on a Ltd Co mid year, at what point would you start if starting a fresh set of accounts for them, Would you work back to day 1 of financial year and input all transactions? Would you start from the first day of assignment and take all balances as they are known on that day? Or C: other...	Pennant	11	1178	Wed Jun 25 23:52 2014 by EPF_Solutions
	How to enter bank statements in QB? (Preview) Hello, I'm new to QB, I love it so far, but just wondering how I can enter the bank statement transcations or upload them if the bank institution is not listed in the downloads bit? I'm using Premier Accountant Edition Thanks in advance	BBookkeeping	5	1107	Tue Jun 24 08:59 2014 by Princess
	Where in the COA do you allocate your website costs? (Preview) I was wondering about the general principles of allocating to to the COA the costs of setting up and running your own practice webiste. I've seen comments that business cards should be allocated to Advertising rather than Office Expenses/General Overheads etc and was wondering if the same should a...	Roy Haines	6	1502	Mon Jun 23 08:45 2014 by Roy Haines
	QB question re Fixed assets and depreciation (Preview) Client has purchased a computer which I have posted to Computer Equipment: Cost (Fixed Asset) - Is this correct or should it go to expense as it was only £400?. On QB there is a Computer Equipment: Depreciation account as well. How do i journal the depreciation of the computer? Will the journal reflect...	Sammy76	8	1267	Sun Jun 22 18:12 2014 by Unwize Owl
	intercompany transfers (Preview) Me again!!!! Same client runs two companies - this is possibly a question I have asked before as well!! Company A has an account with C Computers. He has ordered stuff for Company B from C Computers but they have invoices Company A for the goods. As I said on Telephone bills post, he is rubbish with paperw...	Sammy76	4	1159	Sat Jun 21 20:29 2014 by Howtobookkeep
	Receipts (Preview) Hi everyone, Hoping someone can advise on the following..... I have a new client who uses a business bank account for his business which only a small amount of transactions are put through. The majority of his expenses are paid for by a credit card which is used for both business and personal. He giv...	MaryChristina	11	1530	Sat Jun 21 20:25 2014 by Howtobookkeep
	Purchases before start opf business (Preview) If a business is registered and started trading from Aug 13, how long do you think is acceptable to make purchases for the preparation of the business?	blueeyes	3	771	Sat Jun 21 20:12 2014 by Howtobookkeep
	How to treat payment to subcontractors (Preview) Hi there,i wonder if anyone could help me with this question ? Parcel delivery courier driver (VAT registered) uses self employed subcontractors services ( other courier drivers) to deliveries in his area as he himself can not cope with the amount of work.How to treat the payment to the subcontrac...	Arunas154	3	980	Sat Jun 21 20:11 2014 by Howtobookkeep
	AAT Qualified - Looking to set up a bookkeeping business from home HELP (Preview) Hi All I have recently qualified at AAT, and I am working full time as a Management Accountant, starting CIMA in August. For a while now I have been toying with the idea of quitting my 3 nights a week in a pub, to use that time working for my self as a bookkeeper if I could find the clients (which I am sure I can)...	Sophie1b	2	884	Sat Jun 21 19:59 2014 by Howtobookkeep
	Property owned solely but with joint mortgage (Preview) I started a thread a while back about claiming mortgage interest as an allowable expense on our rental property, bearing in mind that the remortgage was on our main residence and not on the rental property. I have since found some documentation BIM45685 which states that 'a loan need not be secured on...	Kitty37	0	577	Fri Jun 20 18:14 2014 by Kitty37
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