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

yellowsenska · yellowsenska

Hi everyone, We run plumbing & heating company and want to buy small car for private and business usage and also have advertising display.My question is what would be the best way to account for the car ? Last question does anyone knows if private car with adds on is treated as business for insura...

yellowsenska · yellowsenska

Hi, I feel like this question is silly

Can we claim VAT on petrol receipts if we claimed at the same time the mileage relief ? Thanks in advance Kamilla

Sammy76 · Sammy76

I am doing a bank reconciliation for a new client on Sage. It is currently showing a difference of Â£570. There are two transactions that add up to this amount and after much delving this is what I have found: The original transactions from 2012 for these amounts which were reconciled, have been dele...

CTCS31 · CTCS31

Hi I am using Sage line 50 Accounts and was wondering how to mark off a refund of £18.72 shown as CR on the Visa statement. When i try to mark it off a message comes up as an unallocated cheque balance of 18.72. Please remove before posting the transaction. Thank you for your help -- Edited by CTCS31 on...

Elaine R · Elaine R

Hi, I am doing the books for a client. He has purchased a franchise and is paying it off with a loan through Tesco bank. How do I record this? I know it's a loan so need to create a loan account under liabilities but how do I record the other side? Sorry to sound thick as I know it's probably straight forward...

Meadowlands · Meadowlands

hi everyone hope you are enjoying the long weekend although I suspect that like me a lot of you are working! Quick question about mileage claims, if I am working on site at a client and I travel there and back from my home office. I don't go every week, sometimes its for 1 day and sometimes more i.e. its agr...

Phoenix52866 · Phoenix52866

Hi, Can someone tell me if i'm right with this or whether I'm getting confused with the carriage Inwards part of stock. If a sole trader buys say flyers for their business for £20 which would then have postage at £5 to total £25 do i do the following: CR Bank - £25 DR: Advertising - £20 DR: Postage - £5 Or C...

Elaine R · Elaine R

Hi All, As I am getting busier and gaining a few more clients I have decided to start to charge a portion of my mobile bill to my business. My contract is £37.00 per month and sometimes goes over this due to certain calls i have had to make ie HMRC etc. I only work part time probably less than 40 hours per month...

FoxAccountancyServices · FoxAccountancyServices

Hey all!! Hope you are all busybusy, and business is good! I feel like I haven't been on in ages! I'm just drawing to a close on a job, and I wondered if I could run something by you, to get your thoughts? Regards - related party note and disclosure of this charge in PL, and any further reaching implicatio...

Adrian99 · Adrian99

Hello ! I would take this opportunity to wish everyone a great bank holiday weekend. If possible, would someone help me with the following: Working as self employed subcontractor I was charged £3 a week by the payroll company for an insurance that had to cover me for public liability and accident. Th...

blueeyes · blueeyes

Hi, Am I correct in thinking on the opening and closing stock balances you exclude the VAT and Duty? Also as the company is not VAT registered, the whole invoice total of an expense is therefore the expense and not to exclude VAT? Thanks in advance

Samilou67 · Samilou67

Hi would the cost of the materials bought for a cleaning company to use to provide a service a cost of the sale or an expense? Thanks Sam

Rick · Rick

Hi , could some one please help , how do I add a Director on an exact percentage method in to Sage 50 payroll please ?. Thank You Rick.

Kitty37 · Kitty37

Hi - I purchased a property last year and am now letting it out. I am unsure as to whether the solicitors fees and survey fees connected with the purchase of the property are allowable expenses and would welcome any advice.

Nicki noos · Nicki noos

Hello, I've recently started working for a new client which has all been going well until he recently told me he's on the cash accounting scheme not the standard scheme. This wouldn't normally be a problem but as I have now entered lots of transactions on sage I cannot change the vat scheme until i'v...

Chanz000 · Chanz000

I am in discussions with my business adviser about starting up my own bookkeeping business. I have my AAT II and have just applied to the ICB for the AIAB but may be granted MIAB status as I completed the OU Financial Accounting module B291. I would like to meet with an experienced accountant that will su...

Sammy76 · Sammy76

Having a mental block moment. Have been given Opening Balance adjustments by clients accountant, for which I am entering a journal. One of the items is Other Debtors which I don't have on my COA and I wondered how to set it up - I'm using quickbooks. Many thanks. -- Edited by Shamus on Tuesday 22nd of Apri...

rachael-pink · rachael-pink

Hi I wondered if someone could help me get my head around this: If I have a car that was purchased under the scheme at £4000 and sold for £6000 but along with this they took a car for £1000 as part exchange. Would my journal look like this? Car sold credit £4000 t9 car sold ...

Vix606 · Vix606

Morning all i have a client who very occasionally makes purchases for materials literally from the cash in his wallet, ie not from his personal a/c or credit card, what's the best way to account for these in Sage? I was thinking :- Dr Petty cash Cr Capital Intro. Dr Purchases Cr Petty Cash Also I need to s...

rachael-pink · rachael-pink

Hi I understand in that there is no 'end of year' button on Quickbooks, Is there anything I need to do for the accountant to prepare quickbooks for end of year? Cheers Rachael

Topic		Started By	Replies	Views	Last Post
	Director's Car (Preview) Hi everyone, We run plumbing & heating company and want to buy small car for private and business usage and also have advertising display.My question is what would be the best way to account for the car ? Last question does anyone knows if private car with adds on is treated as business for insura...	yellowsenska	1	859	Sat May 10 15:59 2014 by RobH
	VAT on Petrol Receipts (Preview) Hi, I feel like this question is silly Can we claim VAT on petrol receipts if we claimed at the same time the mileage relief ? Thanks in advance Kamilla	yellowsenska	2	1146	Sat May 10 09:20 2014 by yellowsenska
	Bank reconciliation (Preview) I am doing a bank reconciliation for a new client on Sage. It is currently showing a difference of Â£570. There are two transactions that add up to this amount and after much delving this is what I have found: The original transactions from 2012 for these amounts which were reconciled, have been dele...	Sammy76	15	1235	Fri May 9 19:39 2014 by EPF_Solutions
	Visa Supplier Refund (Preview) Hi I am using Sage line 50 Accounts and was wondering how to mark off a refund of £18.72 shown as CR on the Visa statement. When i try to mark it off a message comes up as an unallocated cheque balance of 18.72. Please remove before posting the transaction. Thank you for your help -- Edited by CTCS31 on...	CTCS31	3	885	Fri May 9 16:49 2014 by FoxAccountancyServices
	Recording a Franchise in the Accounts (Preview) Hi, I am doing the books for a client. He has purchased a franchise and is paying it off with a loan through Tesco bank. How do I record this? I know it's a loan so need to create a loan account under liabilities but how do I record the other side? Sorry to sound thick as I know it's probably straight forward...	Elaine R	1	547	Fri May 9 16:32 2014 by FoxAccountancyServices
	mileage to clients (Preview) hi everyone hope you are enjoying the long weekend although I suspect that like me a lot of you are working! Quick question about mileage claims, if I am working on site at a client and I travel there and back from my home office. I don't go every week, sometimes its for 1 day and sometimes more i.e. its agr...	Meadowlands	11	1440	Fri May 9 14:27 2014 by JacF
	Postage costs for general expenses (Preview) Hi, Can someone tell me if i'm right with this or whether I'm getting confused with the carriage Inwards part of stock. If a sole trader buys say flyers for their business for £20 which would then have postage at £5 to total £25 do i do the following: CR Bank - £25 DR: Advertising - £20 DR: Postage - £5 Or C...	Phoenix52866	4	748	Wed May 7 16:16 2014 by Phoenix52866
	Business Use of personal mobile phone (Preview) Hi All, As I am getting busier and gaining a few more clients I have decided to start to charge a portion of my mobile bill to my business. My contract is £37.00 per month and sometimes goes over this due to certain calls i have had to make ie HMRC etc. I only work part time probably less than 40 hours per month...	Elaine R	1	701	Wed May 7 14:48 2014 by Peasie
	Who fancies a weird one? (Preview) Hey all!! Hope you are all busybusy, and business is good! I feel like I haven't been on in ages! I'm just drawing to a close on a job, and I wondered if I could run something by you, to get your thoughts? Regards - related party note and disclosure of this charge in PL, and any further reaching implicatio...	FoxAccountancyServices	6	1340	Wed May 7 13:50 2014 by FoxAccountancyServices
	Insurance for cis subcontractor public liability and accident cover is it allowable expense ? (Preview) Hello ! I would take this opportunity to wish everyone a great bank holiday weekend. If possible, would someone help me with the following: Working as self employed subcontractor I was charged £3 a week by the payroll company for an insurance that had to cover me for public liability and accident. Th...	Adrian99	2	1100	Tue May 6 22:40 2014 by Adrian99
	Opening/Closing Stock (Preview) Hi, Am I correct in thinking on the opening and closing stock balances you exclude the VAT and Duty? Also as the company is not VAT registered, the whole invoice total of an expense is therefore the expense and not to exclude VAT? Thanks in advance	blueeyes	5	1220	Tue May 6 15:35 2014 by Shamus
	Cost of Sales or Expenses? (Preview) Hi would the cost of the materials bought for a cleaning company to use to provide a service a cost of the sale or an expense? Thanks Sam	Samilou67	4	812	Tue May 6 14:41 2014 by Shamus
	Sage 50 payroll. (Preview) Hi , could some one please help , how do I add a Director on an exact percentage method in to Sage 50 payroll please ?. Thank You Rick.	Rick	7	7623	Thu May 1 23:39 2014 by Rosi
	Allowable expenses - rental income (Preview) Hi - I purchased a property last year and am now letting it out. I am unsure as to whether the solicitors fees and survey fees connected with the purchase of the property are allowable expenses and would welcome any advice.	Kitty37	2	1141	Tue Apr 29 21:20 2014 by Kitty37
	Sage Vat Expert needed! (Preview) Hello, I've recently started working for a new client which has all been going well until he recently told me he's on the cash accounting scheme not the standard scheme. This wouldn't normally be a problem but as I have now entered lots of transactions on sage I cannot change the vat scheme until i'v...	Nicki noos	3	940	Tue Apr 29 19:16 2014 by Nicki noos
	Mentor Wanted...Please :-) (Preview) I am in discussions with my business adviser about starting up my own bookkeeping business. I have my AAT II and have just applied to the ICB for the AIAB but may be granted MIAB status as I completed the OU Financial Accounting module B291. I would like to meet with an experienced accountant that will su...	Chanz000	11	1404	Tue Apr 29 12:32 2014 by Zoe
	Quickbooks Question - Other Debtors (Preview) Having a mental block moment. Have been given Opening Balance adjustments by clients accountant, for which I am entering a journal. One of the items is Other Debtors which I don't have on my COA and I wondered how to set it up - I'm using quickbooks. Many thanks. -- Edited by Shamus on Tuesday 22nd of Apri...	Sammy76	6	3693	Mon Apr 28 20:32 2014 by Stardoe
	second hand car margin scheme (Preview) Hi I wondered if someone could help me get my head around this: If I have a car that was purchased under the scheme at £4000 and sold for £6000 but along with this they took a car for £1000 as part exchange. Would my journal look like this? Car sold credit £4000 t9 car sold ...	rachael-pink	1	1047	Sat Apr 26 19:12 2014 by BJD
	Cash purchases (Preview) Morning all i have a client who very occasionally makes purchases for materials literally from the cash in his wallet, ie not from his personal a/c or credit card, what's the best way to account for these in Sage? I was thinking :- Dr Petty cash Cr Capital Intro. Dr Purchases Cr Petty Cash Also I need to s...	Vix606	2	836	Sat Apr 26 13:45 2014 by Vix606
	Quickbooks and End of Year Accounts (Preview) Hi I understand in that there is no 'end of year' button on Quickbooks, Is there anything I need to do for the accountant to prepare quickbooks for end of year? Cheers Rachael	rachael-pink	1	739	Fri Apr 25 19:53 2014 by Princess
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