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

Ellie16 · Ellie16

Hi, what tax code would you use in Sage 50 Accounts v 23 for a sale invoice -it is a sale of transport services to another EU country, Seller is UK VAT register and buyer in another EU country is not VAT registered at all. The amount of invoice is £170. Thank you, Ellie

MAG1307 · MAG1307

Hello, I have to perform the accounting entries of below transactions:3. Invoice VAT from X for construction works regarding warehouse constructed by our company:a) net 100000b) VAT 8% 8000c) total 1008004. We have taken (drawn) the bank loan from which the construction works were paidsh...

Mark99 · Mark99

Hi Everyone Can anyone give me some advice on what is probably quite a common problem? I have just taken over accounting for a micro company and, after checking through the trial balance figures from the previous accountant, have found a few balance sheet errors: - (1) Corporation tax from a previou...

jumper · jumper

we have now started selling our own gift cards and redeeming them what are the entries in sage 01/01/20 BP 1245 giftcard1 10.00 T9 tax code (for gift cards that are sold) 15/02/21 BR 1245 giftcard1 10.00 T1 tax code (for gift cards that are redeemed)

Sharee · Sharee

Hello, could someone please tell me what n/c I should use for key cutting and a kettle in Sage 50?

JPollard · JPollard

Hello, In Quickbooks online, when creating a budget for the current financial year for a grant received in the last financial year how do I make sure that the unspent portion of the grant is included? Any help would be greatly appreciated. Regards, Jonathan

Angela Flanagan · Angela Flanagan

Hi there, I'm at my wits end. Does anyone know how to change the date on a bank reconciliation in Sageone? Thanks in advance

KChally · KChally

Hi All, Just wondering if someone could advise please. The net profit for 2019/2020 is a very small £7,000 ish, but during the same tax year the client withdrew all of a small personal pension so that he could purchase a new tractor for £17,000. His full personal allowance was used against the pension w...

ClareD · ClareD

Hi, I'm after some advice.... I finished AAT back in 2012 and i did not renew my membership. I have now decided i want to start up on my own as a self employed bookkeeper and unfortunately for me i have to go through the process of renewing my membership with AAT. I have recently started the application...

KMBookkeeping · KMBookkeeping

I am a self employed BK and have been asked to quote on bookkeeping and quarterly VAT for an independent financial advisor trading as a sole director ltd company Income and outgoings very straightforward from preliminary chat and VAT is currently being done by the accountant supplying stat accou...

Alice0411 · Alice0411

hello, I apologise if this is not the place to ask this question, but maybe you will be able to help me out.... I'm looking for an information /reliable source for the situation below: My friend (self-employed) sells children books, clothing, board games, jigsaw that she buys in the EU. Her order is no...

Amanda · Amanda

HI Everyone, Well with 2020 nearly over, what are people's business plans for the new year? Like me I expect a lot of you are really hacked off with the furlough being extended, when on earth is it really going to end, I am expecting it to get extended yet again! Anyone feel like giving up at all? I have fe...

NA_AA · NA_AA

Please confirm if the below is correct. If you have paid for the share capital then you would: DR Bank CR Share Capital If you have not yet paid for the share capital then you would: DR Directors Loan Account CR Share Capital

VickyC · VickyC

Hi I have just joined and I need help with VT accounts. The company I work for has opened a savings account I need to know how to enter the interest earned. Thankyou

Fredja · Fredja

Hi I need to get a report from sage 50 pro showing P&L on a month by month basis which also shows same periods for prior year on month by month basis. Any idea how I get the report? Just actuals for comparison. -- Edited by Fredja on Friday 9th of October 2020 10:55:19 AM

Osama79 · Osama79

I am attending classes online through Zoom software due to covid 19 issues . They have taught me Accounting equation Journal Ledger and Trial balance Since the classes are online , the teaching methods are not of the highest quality . I still have to do a lot of self learning after they end the class bec...

Osama79 · Osama79

Are both the same ?

Samilou67 · Samilou67

Hi everyone, I hope you are all keeping well and not too fed up. I have taken over the bookkeeping for a Ltd company that has been trading for a few years. My question is how do I introduce/account for the assets that were purchased in 2017 in Sage. The director used to do very basic bookkeeping and hadn't e...

Danillon · Danillon

Hello Customer pays deposits for service to be provided after year end. Deposits allocated to liability account. Will re-allocate to sales as service is delivered. One customer cancelled service. Deposit is non refundable. Is this allocated to sales in this year?

rafapak · rafapak

Hi We incur expenses when we consume our resources. I have trouble to understand this in relation to debts written off. If you write off your receivable you incur expense - you record it on irrecoverable debt expense account. Receivable is your resource, your asset. Since we have expense it makes me...

Topic		Started By	Replies	Views	Last Post
	sale invoice to EC country - tax code in Sage 50 Accounts v 23? (Preview) Hi, what tax code would you use in Sage 50 Accounts v 23 for a sale invoice -it is a sale of transport services to another EU country, Seller is UK VAT register and buyer in another EU country is not VAT registered at all. The amount of invoice is £170. Thank you, Ellie	Ellie16	15	2792	Wed Feb 17 16:20 2021 by Jules7
	posting journal entries (basics), T-accounts journal entry t-account jorunal accounting basics (Preview) Hello, I have to perform the accounting entries of below transactions:3. Invoice VAT from X for construction works regarding warehouse constructed by our company:a) net 100000b) VAT 8% 8000c) total 1008004. We have taken (drawn) the bank loan from which the construction works were paidsh...	MAG1307	7	2629	Tue Feb 16 17:34 2021 by MAG1307
	Prior year adjustments - Working them into current year's accounts (Preview) Hi Everyone Can anyone give me some advice on what is probably quite a common problem? I have just taken over accounting for a micro company and, after checking through the trial balance figures from the previous accountant, have found a few balance sheet errors: - (1) Corporation tax from a previou...	Mark99	6	1382	Mon Feb 8 21:40 2021 by Mark99
	gift cards - entries in sage (Preview) we have now started selling our own gift cards and redeeming them what are the entries in sage 01/01/20 BP 1245 giftcard1 10.00 T9 tax code (for gift cards that are sold) 15/02/21 BR 1245 giftcard1 10.00 T1 tax code (for gift cards that are redeemed)	jumper	1	1762	Mon Feb 8 17:14 2021 by Maat
	Nominal code (Preview) Hello, could someone please tell me what n/c I should use for key cutting and a kettle in Sage 50?	Sharee	2	2084	Tue Feb 2 13:24 2021 by AC
	Quickbooks online: How do I include unspent grant from the last FY in this year's budget? Quickbooks online budgets grants (Preview) Hello, In Quickbooks online, when creating a budget for the current financial year for a grant received in the last financial year how do I make sure that the unspent portion of the grant is included? Any help would be greatly appreciated. Regards, Jonathan	JPollard	1	2159	Tue Feb 2 13:20 2021 by AC
	SAGEONE (Preview) Hi there, I'm at my wits end. Does anyone know how to change the date on a bank reconciliation in Sageone? Thanks in advance	Angela Flanagan	2	1502	Fri Jan 29 12:47 2021 by Maat
	Claim tax against a large purchase (Preview) Hi All, Just wondering if someone could advise please. The net profit for 2019/2020 is a very small £7,000 ish, but during the same tax year the client withdrew all of a small personal pension so that he could purchase a new tractor for £17,000. His full personal allowance was used against the pension w...	KChally	2	1473	Mon Jan 25 16:39 2021 by Shamus
	AAT Membership (Preview) Hi, I'm after some advice.... I finished AAT back in 2012 and i did not renew my membership. I have now decided i want to start up on my own as a self employed bookkeeper and unfortunately for me i have to go through the process of renewing my membership with AAT. I have recently started the application...	ClareD	3	1626	Sun Jan 24 17:18 2021 by Maat
	Bookkeeping client who is an IFA (Preview) I am a self employed BK and have been asked to quote on bookkeeping and quarterly VAT for an independent financial advisor trading as a sole director ltd company Income and outgoings very straightforward from preliminary chat and VAT is currently being done by the accountant supplying stat accou...	KMBookkeeping	14	2732	Fri Jan 15 14:21 2021 by Leger
	brexit - importing goods from EU (Preview) hello, I apologise if this is not the place to ask this question, but maybe you will be able to help me out.... I'm looking for an information /reliable source for the situation below: My friend (self-employed) sells children books, clothing, board games, jigsaw that she buys in the EU. Her order is no...	Alice0411	1	1501	Wed Jan 13 16:28 2021 by Maat
	What's everyone's plans for their businesses in the New Year (Preview) HI Everyone, Well with 2020 nearly over, what are people's business plans for the new year? Like me I expect a lot of you are really hacked off with the furlough being extended, when on earth is it really going to end, I am expecting it to get extended yet again! Anyone feel like giving up at all? I have fe...	Amanda	15	2551	Thu Jan 7 22:04 2021 by Amanda
	Share capital double entry (Preview) Please confirm if the below is correct. If you have paid for the share capital then you would: DR Bank CR Share Capital If you have not yet paid for the share capital then you would: DR Directors Loan Account CR Share Capital	NA_AA	7	12096	Mon Dec 28 17:53 2020 by freenrg
	VT entries for interest earned on a savings account. (Preview) Hi I have just joined and I need help with VT accounts. The company I work for has opened a savings account I need to know how to enter the interest earned. Thankyou	VickyC	9	2230	Wed Dec 23 13:29 2020 by Leger
	P&L reports - Sage (Preview) Hi I need to get a report from sage 50 pro showing P&L on a month by month basis which also shows same periods for prior year on month by month basis. Any idea how I get the report? Just actuals for comparison. -- Edited by Fredja on Friday 9th of October 2020 10:55:19 AM	Fredja	7	7351	Fri Dec 11 21:56 2020 by Kamranbsh
	I have started learning accounting through online classes , Please help . (Preview) I am attending classes online through Zoom software due to covid 19 issues . They have taught me Accounting equation Journal Ledger and Trial balance Since the classes are online , the teaching methods are not of the highest quality . I still have to do a lot of self learning after they end the class bec...	Osama79	6	1501	Wed Dec 2 14:12 2020 by Osama79
	What is difference between bookkeeping and accounting ? (Preview) Are both the same ?	Osama79	3	1869	Tue Nov 24 19:21 2020 by Artois
	Recording assets purchase in a previous accounting period. (Preview) Hi everyone, I hope you are all keeping well and not too fed up. I have taken over the bookkeeping for a Ltd company that has been trading for a few years. My question is how do I introduce/account for the assets that were purchased in 2017 in Sage. The director used to do very basic bookkeeping and hadn't e...	Samilou67	7	2267	Fri Oct 30 18:24 2020 by Shamus
	Deposits (Preview) Hello Customer pays deposits for service to be provided after year end. Deposits allocated to liability account. Will re-allocate to sales as service is delivered. One customer cancelled service. Deposit is non refundable. Is this allocated to sales in this year?	Danillon	5	2004	Wed Oct 21 09:56 2020 by Leger
	incurring expenses-resource consumption (Preview) Hi We incur expenses when we consume our resources. I have trouble to understand this in relation to debts written off. If you write off your receivable you incur expense - you record it on irrecoverable debt expense account. Receivable is your resource, your asset. Since we have expense it makes me...	rafapak	3	2072	Tue Oct 13 16:23 2020 by rafapak
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