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

Cheshire · Cheshire

Hi What nominal code is best for cost of Job adverts? Is the sun over the yard-arm yet?

rachel_mclean · rachel_mclean

Hi I don't have any clients that run hotels and B&B's does anyone else? can you tell me if most are vat registered? I'm thinking of all sorts of advertising at the minute and sending out letters to all local businesses. Tempting them in with offers - for pubs I am offering free weekly or monthly payro...

Crina · Crina

Good morning, everyone! I'm using Sage 50. There comes a question that I need your help. I am going to compare the profit and loss for this quarter and the same quarter of last year. But I can only get the data for this year. How can I get the data for last year or only previous years? Thank you!

numbnumber · numbnumber

This may be old news but I have 3 clients whose payroll I complete and each has a payment outstanding on the HMRC website for the November period due 20 December despite the amount being paid to HMRC. After contacting HMRC they say there is a problem with the RTI at their end for information and payments...

paul1015 · paul1015

Hi All, I own a small business and use sage 50 accounts to post all transactions. I've borrowed £235.00 from a friend who transferred the payment into my business bank account from his bank account. Can someone advise how I can enter the payment please. I have a directors loan account setup but I'm no...

Chris1974 · Chris1974

Hi One of my clients has acquired a couple of large machines which would have cost him around 10K. He purchased a £30K machine from one of his suppliers and had quite a few problems and they gave him these two machines by way of compensation. I am not sure how to show these in the accounts as I have no invoice...

Samilou67 · Samilou67

Hi, not sure if this is the right place to post this but hopefully someone can help. I was working for a company that provided a bookkeeping service (I was solely responsible for that side of the business) but have since left as I was made redundant and the company is no longer offering the service and jus...

rachel_mclean · rachel_mclean

I am selling Tolley's ATT Taxation Technician correspondence course manuals for: Paper 2 Business Tax & Accounting Principles Paper 3 Business Compliance For the May & October 2014 exams. Selling on ebay for £150.00 each (cost £249.50) they are both brand new and shrink wrapped. Each s...

books2013 · books2013

Hello all, I am preparing some rental accounts and there is a management company for this block of flats where the client pays service charges. I have the accounts for this for the year ended 30.09.2012. The flat was rented out from 30.11.12 and so I think that the amount of service charges paid contai...

Blue_bird · Blue_bird

Hi,I'm fairly sure this is a very simple question and would really appreciate if someone could give me a little help. I'm not sure which box to put my balance brought forward in my abbreviated accounts with companies house.I have a small company with no income for the last 2 years, with a small amount of...

Sian · Sian

Hi, I am wanting to put drawings through Sage Instant Accounts, do I go into Bank - Payment - Nominal code 3001 (drawing) - amount? Hope someone can help.......?

Ayah · Ayah

Hi all, could you please help with advice :) intro - charity, there has been received grant of 6k for next financial year however it is posted as income when it's been received: Dr 1200 Bank 6,000.00 Cr 4100 Grant 6,000.00 ... year's end process, I receive email from auditors with info to post followin...

Princess · Princess

I have a client that travels a lot with her job. Are her vaccinations allowable?

FoxAccountancyServices · FoxAccountancyServices

Here's an interesting one (I hope) I have a client who, last year, started doing a spot of mystery shopping. They are reimbursed for whatever they have bought, and given a small fee. Works out as peanuts, really. Read the articles on the net, and they are all saying you can claim this, you can claim th...

paul1015 · paul1015

Hi All, I have a small company and I would like to know how I would enter a wage payment for myself using Sage. The monthly earning I'm trying to post is £130.00. I was going to setup a supplier account in my name and post the payment via the supplier account but that does not seem right as I'm not a supplier. T...

HumanShale · HumanShale

OK, I have a slightly strange situation in which I have records for a company from a certain point but none for a previous era of trading. It is impossible to get the records from the earlier period. Now, luckily things are very simple in that company has just one asset, a bank account that starts at bala...

Sammy76 · Sammy76

I am just completing the books for a friends part time cake making business. She has bought two hand mixers over the year, which are less than £10. Can I class these as Renewals? Also She makes, on average 2 cakes a week which takes her about 4hrs each cake, so total of 8 hrs. Can I claim back the £4 a week home...

Pickle · Pickle

A builder has got subcontractors he regularly uses & takes the CIS tax off them so their payments are coded to 6002. Which code do I use for when the builder for example uses a one off plasterer as part of the house he is doing up? Would it be code 6000 productive labour or 5000 materials? Many thanks

KeeperOfBooks · KeeperOfBooks

I'm new to bookkeeping and I'm setting up my own chart of accounts template to use for future exercises. I want my chart to be as generic as possible so that I can use it for many different theoretical businesses. This is what I've got so far but I know I'm missing some fundamental accounts: Balance shee...

Princess · Princess

I went to see a new sole trader client yesterday. I had a look at the records and saw that he had been using QB incorrectly resulting in a much higher COGS than it should be. It looks like this has been happening for a few years now and the previous accountant didn't notice it. He has disappeared off the...

Topic		Started By	Replies	Views	Last Post
	Nominal code query - brain block (Preview) Hi What nominal code is best for cost of Job adverts? Is the sun over the yard-arm yet?	Cheshire	4	2749	Mon Feb 3 09:07 2014 by Amanda
	Are most B&B's and hotels vat registered? (Preview) Hi I don't have any clients that run hotels and B&B's does anyone else? can you tell me if most are vat registered? I'm thinking of all sorts of advertising at the minute and sending out letters to all local businesses. Tempting them in with offers - for pubs I am offering free weekly or monthly payro...	rachel_mclean	6	1029	Sun Feb 2 09:26 2014 by Violet2005
	Previous year data (Preview) Good morning, everyone! I'm using Sage 50. There comes a question that I need your help. I am going to compare the profit and loss for this quarter and the same quarter of last year. But I can only get the data for this year. How can I get the data for last year or only previous years? Thank you!	Crina	3	788	Sat Feb 1 16:48 2014 by Cheshire
	RTI Glitch - HMRC problem (Preview) This may be old news but I have 3 clients whose payroll I complete and each has a payment outstanding on the HMRC website for the November period due 20 December despite the amount being paid to HMRC. After contacting HMRC they say there is a problem with the RTI at their end for information and payments...	numbnumber	2	896	Sat Feb 1 16:42 2014 by Cheshire
	Borrowing cash to pay into the business account (Preview) Hi All, I own a small business and use sage 50 accounts to post all transactions. I've borrowed £235.00 from a friend who transferred the payment into my business bank account from his bank account. Can someone advise how I can enter the payment please. I have a directors loan account setup but I'm no...	paul1015	2	958	Sat Feb 1 14:37 2014 by Cheshire
	Machinery Acquired (Preview) Hi One of my clients has acquired a couple of large machines which would have cost him around 10K. He purchased a £30K machine from one of his suppliers and had quite a few problems and they gave him these two machines by way of compensation. I am not sure how to show these in the accounts as I have no invoice...	Chris1974	1	644	Sat Feb 1 14:33 2014 by Cheshire
	Legal issue with a clients accounts (Preview) Hi, not sure if this is the right place to post this but hopefully someone can help. I was working for a company that provided a bookkeeping service (I was solely responsible for that side of the business) but have since left as I was made redundant and the company is no longer offering the service and jus...	Samilou67	3	962	Sat Feb 1 14:28 2014 by Cheshire
	SELLING: Tolley's ATT Taxation Technician correspondence course manuals Paper 2 & 3 for May & October 2014 exams (Preview) I am selling Tolley's ATT Taxation Technician correspondence course manuals for: Paper 2 Business Tax & Accounting Principles Paper 3 Business Compliance For the May & October 2014 exams. Selling on ebay for £150.00 each (cost £249.50) they are both brand new and shrink wrapped. Each s...	rachel_mclean	4	949	Fri Jan 31 10:03 2014 by Violet2005
	Rental accounts (Preview) Hello all, I am preparing some rental accounts and there is a management company for this block of flats where the client pays service charges. I have the accounts for this for the year ended 30.09.2012. The flat was rented out from 30.11.12 and so I think that the amount of service charges paid contai...	books2013	3	811	Wed Jan 29 22:37 2014 by FoxAccountancyServices
	Balance brought forward - abbreviated accounts (Preview) Hi,I'm fairly sure this is a very simple question and would really appreciate if someone could give me a little help. I'm not sure which box to put my balance brought forward in my abbreviated accounts with companies house.I have a small company with no income for the last 2 years, with a small amount of...	Blue_bird	2	794	Wed Jan 29 19:56 2014 by matt123
	Posting Drawings (Preview) Hi, I am wanting to put drawings through Sage Instant Accounts, do I go into Bank - Payment - Nominal code 3001 (drawing) - amount? Hope someone can help.......?	Sian	6	944	Wed Jan 29 09:49 2014 by Sian
	Deffered Income, Prepayment or Accrual? (Preview) Hi all, could you please help with advice :) intro - charity, there has been received grant of 6k for next financial year however it is posted as income when it's been received: Dr 1200 Bank 6,000.00 Cr 4100 Grant 6,000.00 ... year's end process, I receive email from auditors with info to post followin...	Ayah	2	787	Wed Jan 29 09:08 2014 by Ayah
	Vaccinations as an expense (Preview) I have a client that travels a lot with her job. Are her vaccinations allowable?	Princess	2	680	Tue Jan 28 14:43 2014 by Princess
	Mystery shopper (Preview) Here's an interesting one (I hope) I have a client who, last year, started doing a spot of mystery shopping. They are reimbursed for whatever they have bought, and given a small fee. Works out as peanuts, really. Read the articles on the net, and they are all saying you can claim this, you can claim th...	FoxAccountancyServices	4	1016	Tue Jan 28 14:38 2014 by Shamus
	Paying Wages in Sage 50 Accounts (Preview) Hi All, I have a small company and I would like to know how I would enter a wage payment for myself using Sage. The monthly earning I'm trying to post is £130.00. I was going to setup a supplier account in my name and post the payment via the supplier account but that does not seem right as I'm not a supplier. T...	paul1015	10	5148	Tue Jan 28 11:24 2014 by paul1015
	Opening Balances and Incomplete Records (Preview) OK, I have a slightly strange situation in which I have records for a company from a certain point but none for a previous era of trading. It is impossible to get the records from the earlier period. Now, luckily things are very simple in that company has just one asset, a bank account that starts at bala...	HumanShale	6	1393	Tue Jan 28 09:26 2014 by Shamus
	Renewals (Preview) I am just completing the books for a friends part time cake making business. She has bought two hand mixers over the year, which are less than £10. Can I class these as Renewals? Also She makes, on average 2 cakes a week which takes her about 4hrs each cake, so total of 8 hrs. Can I claim back the £4 a week home...	Sammy76	2	650	Mon Jan 27 19:51 2014 by Sammy76
	Which Sage code? (Preview) A builder has got subcontractors he regularly uses & takes the CIS tax off them so their payments are coded to 6002. Which code do I use for when the builder for example uses a one off plasterer as part of the house he is doing up? Would it be code 6000 productive labour or 5000 materials? Many thanks	Pickle	5	920	Mon Jan 27 14:42 2014 by Pickle
	Chart of accounts (Preview) I'm new to bookkeeping and I'm setting up my own chart of accounts template to use for future exercises. I want my chart to be as generic as possible so that I can use it for many different theoretical businesses. This is what I've got so far but I know I'm missing some fundamental accounts: Balance shee...	KeeperOfBooks	2	1337	Mon Jan 27 11:29 2014 by bro0010
	bookkeeping errors dating back several years (Preview) I went to see a new sole trader client yesterday. I had a look at the records and saw that he had been using QB incorrectly resulting in a much higher COGS than it should be. It looks like this has been happening for a few years now and the previous accountant didn't notice it. He has disappeared off the...	Princess	2	878	Mon Jan 27 10:49 2014 by Princess
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