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

Shamus · Shamus

http://www.book-keepers.org.uk/t62264820/site-ethics/

arielwilson · arielwilson

Begin with working on research data and on chapter guidelines. Plan the article in a way that every section of it is properly researched and written in the most effective manner possible. Be sure to check that you are on track continuously and you are good to go. This way, it becomes easier to organize t...

1MoreTerryStone · 1MoreTerryStone

Hello Book-keepers, Here is a question from Book-Keeping for Dummies: Question: On 31 March, you sell £5,000 worth of goods and receive £5,000 in cash. Write down the journal entries for this transaction. My answer is: 31 March Debit the cash account £5,000 31 March Credit the STOCK account £5,000...

Degsy67 · Degsy67

TLDR: Sole trader, cash accounting basis, and questions around accounting for and claiming travel expenses. Annual turnover is small, only around £5,000, with a loss in Year 1 of trading. Under cash basis accounting, as input into the self-assessment tax return, how should travel expenses be acc...

Blonde Accountant · Blonde Accountant

Hello,I have a client who wants to buy a cheap (£4-£5k) through his business. He will use it at least 50% for business. Can anyone kindly confirm the best course of action please? At the moment he claims business mileage at .45mmp. However with he can't claim cap allowances, so would it be better once th...

YassineNinja · YassineNinja

Hi guys,, Im just curious does still your clients send pdf bank statements in pdf Files ? Or you ask for csv excel format / link bank account directly to accounting software ? Or is it just that some clients prefer pdfs ? Thanks

accountonus · accountonus

Hi all, So as I sit here inputting the bank statements on my excel spreadsheet I think surely there is a simpler way.. Is there any way of dropping the statement into excel? I get you may have to tweak coloumns etc and organise the figures as you set out spreadsheet, but surely its better than the time con...

Sasha76 · Sasha76

When preparing a VAT return, my current procedure involves reviewing transactions on the detailed report and agreeing the VAT liability account against the VAT amount on the return. Are there any additional steps I should consider implementing? Also, why could somebody provide some examples...

DazedNConfused · DazedNConfused

My husband is a partner in a small family owned business. Recently the bank put the business accounts on hold, so that no bills could be paid. (Mother-in-law, who was a silent partner, passed away and some bank confusion ensued)Several of the business bills were paid out of our personal joint account...

Diona · Diona

Hello all,I hope you will be able to help.Is it ok to clear very old creditors balances from the ledger?If the amount are real confirmed balances do we need to keep them on the ledger or we can clear them after 6 months?Thank you!

hvrservices · hvrservices

Hi, I'm probably going to sound like an idiot posting this! But I've been dealing with the intricacies of Payroll for so long that my bookkeeping knowledge is relegated to theory! I've been contacted by a possible client who's recently started a small clothes shop business. She wanted to know about t...

Sasha76 · Sasha76

A client of mine, who is a hairdresser, gives us a record of her daily takings which she then adds up at the end of the week. Can I input the total weekly amount instead of daily entries? I was under the impression that the tax should be recorded when the service is completed, not at the end of the week.

Sasha76 · Sasha76

A client of mine, who is a hairdresser, gives us a record of her daily takings which she then adds up at the end of the week. Can I input the total weekly amount instead of daily entries? I was under the impression that the tax should be recorded when the service is completed, not at the end of the week.

stav · stav

I'm using quickbooks my home currency is GBP on 1/1/2024 i purchased from a store in USA $100 stock which my bank converted to 90 GBP and utilized my GBP balance. on 1/10/2024 i asked for a refund, but upon refund...my bank (revolut) Opened a new balance in my bank in USD and deposited the $100 there (a...

Sasha76 · Sasha76

I was hoping someone could tell me how I write-off multiple purchase invoices, that have been allocated to different nominals, on one suppliers acc. For example: Supplier A has a balance of £2000 in o/s invoices. This amount includes charges that have been made to various nominals e.g repairs, proj...

Aboo · Aboo

I have recently starting using accounting software, which means I now have to categorise all of my expenses in a way that I wasn't doing before! In my business I run a lot of pottery hen parties, and a local bar gives us a room for free, in exchange for buying a glass of prosecco for each of the hens who come t...

Claire79 · Claire79

Hi I was just wondering what nominal code you use when you receive and invoice from a supplier who done nightshift for you but used your lorry?

einna · einna

Hi, If this is a duplicate sorry my internet crashed. My question was post charges on a sales invoices to a customer, is this a cost of sale or expense. The customer receives an invoice with £400 for the table, Dr A/R Cr Revenue and the £50 goes the cost of sales or expense? If it goes to the cost of sales i...

FingerBob · FingerBob

Hi, new here. I own a micro business that's been meandering along for 10 years. I accept I should know the answer to this, but I've forgotten The company has fixed assets of 100Total assets less current liabilities 100Creditors: amounts falling due after more than one year (£441,378)Total net ass...

KAZ · KAZ

Good morning all! I have a client who is looking pay his employee a bonus which he is sacrificing to NEST. I am really struggling to post it and Xero has still not answered the query. Has anyone processed it and able to advise me? Kaz -- Edited by KAZ on Tuesday 26th of March 2024 09:19:53 AM

Topic		Started By	Replies	Views	Last Post
	STICKY: Before Posting (closed) (Preview) http://www.book-keepers.org.uk/t62264820/site-ethics/	Shamus	0	8881	Sat Jun 11 15:07 2016 by Shamus
	The Importance of Planning for Do My Dissertation (Preview) Begin with working on research data and on chapter guidelines. Plan the article in a way that every section of it is properly researched and written in the most effective manner possible. Be sure to check that you are on track continuously and you are good to go. This way, it becomes easier to organize t...	arielwilson	0	150	Fri Aug 30 07:22 2024 by arielwilson
	Question from Book-Keeping for Dummies (Preview) Hello Book-keepers, Here is a question from Book-Keeping for Dummies: Question: On 31 March, you sell £5,000 worth of goods and receive £5,000 in cash. Write down the journal entries for this transaction. My answer is: 31 March Debit the cash account £5,000 31 March Credit the STOCK account £5,000...	1MoreTerryStone	0	186	Sat Aug 24 15:54 2024 by 1MoreTerryStone
	Sole trader and unpaid travel expenses (Preview) TLDR: Sole trader, cash accounting basis, and questions around accounting for and claiming travel expenses. Annual turnover is small, only around £5,000, with a loss in Year 1 of trading. Under cash basis accounting, as input into the self-assessment tax return, how should travel expenses be acc...	Degsy67	0	200	Fri Aug 23 15:14 2024 by Degsy67
	Sole trader buying a cheap car through business (Preview) Hello,I have a client who wants to buy a cheap (£4-£5k) through his business. He will use it at least 50% for business. Can anyone kindly confirm the best course of action please? At the moment he claims business mileage at .45mmp. However with he can't claim cap allowances, so would it be better once th...	Blonde Accountant	0	195	Mon Aug 19 12:05 2024 by Blonde Accountant
	Convert bank statements to QBO, CSV (Preview) Hi guys,, Im just curious does still your clients send pdf bank statements in pdf Files ? Or you ask for csv excel format / link bank account directly to accounting software ? Or is it just that some clients prefer pdfs ? Thanks	YassineNinja	0	287	Sun Aug 4 23:22 2024 by YassineNinja
	Bank Statements to Excel - There must be an easier way!! (Preview) Hi all, So as I sit here inputting the bank statements on my excel spreadsheet I think surely there is a simpler way.. Is there any way of dropping the statement into excel? I get you may have to tweak coloumns etc and organise the figures as you set out spreadsheet, but surely its better than the time con...	accountonus	34	5559	Thu Jul 25 22:17 2024 by Sasha76
	Preparation of VAT return (Preview) When preparing a VAT return, my current procedure involves reviewing transactions on the detailed report and agreeing the VAT liability account against the VAT amount on the return. Are there any additional steps I should consider implementing? Also, why could somebody provide some examples...	Sasha76	0	254	Thu Jul 25 22:15 2024 by Sasha76
	Business Partner Paid Bills out of Personal Account, How to Pay Him Back? using MoneyWorks Express paying business bills out of personal accounts (Preview) My husband is a partner in a small family owned business. Recently the bank put the business accounts on hold, so that no bills could be paid. (Mother-in-law, who was a silent partner, passed away and some bank confusion ensued)Several of the business bills were paid out of our personal joint account...	DazedNConfused	0	355	Fri Jul 19 16:05 2024 by DazedNConfused
	Principles of writing off old creditors (Preview) Hello all,I hope you will be able to help.Is it ok to clear very old creditors balances from the ledger?If the amount are real confirmed balances do we need to keep them on the ledger or we can clear them after 6 months?Thank you!	Diona	2	1225	Fri Jul 12 10:00 2024 by zaynventure
	Sole Trader Bookkeeping..... (Preview) Hi, I'm probably going to sound like an idiot posting this! But I've been dealing with the intricacies of Payroll for so long that my bookkeeping knowledge is relegated to theory! I've been contacted by a possible client who's recently started a small clothes shop business. She wanted to know about t...	hvrservices	7	4337	Tue Jul 9 05:16 2024 by hasib
	Daily takings (Preview) A client of mine, who is a hairdresser, gives us a record of her daily takings which she then adds up at the end of the week. Can I input the total weekly amount instead of daily entries? I was under the impression that the tax should be recorded when the service is completed, not at the end of the week.	Sasha76	0	441	Thu Jun 20 22:32 2024 by Sasha76
	Daily takings (Preview) A client of mine, who is a hairdresser, gives us a record of her daily takings which she then adds up at the end of the week. Can I input the total weekly amount instead of daily entries? I was under the impression that the tax should be recorded when the service is completed, not at the end of the week.	Sasha76	0	400	Thu Jun 20 22:25 2024 by Sasha76
	How do i journal this multicurrency transactions? (Preview) I'm using quickbooks my home currency is GBP on 1/1/2024 i purchased from a store in USA $100 stock which my bank converted to 90 GBP and utilized my GBP balance. on 1/10/2024 i asked for a refund, but upon refund...my bank (revolut) Opened a new balance in my bank in USD and deposited the $100 there (a...	stav	0	645	Wed May 1 17:43 2024 by stav
	Multiple p/invoices write off (Preview) I was hoping someone could tell me how I write-off multiple purchase invoices, that have been allocated to different nominals, on one suppliers acc. For example: Supplier A has a balance of £2000 in o/s invoices. This amount includes charges that have been made to various nominals e.g repairs, proj...	Sasha76	2	824	Fri Apr 19 09:01 2024 by Shaun60
	Is this an exempt business expense? business expense (Preview) I have recently starting using accounting software, which means I now have to categorise all of my expenses in a way that I wasn't doing before! In my business I run a lot of pottery hen parties, and a local bar gives us a room for free, in exchange for buying a glass of prosecco for each of the hens who come t...	Aboo	1	822	Sun Apr 14 07:49 2024 by Jayne Jinx
	Invoice for nightshift (Preview) Hi I was just wondering what nominal code you use when you receive and invoice from a supplier who done nightshift for you but used your lorry?	Claire79	1	750	Sat Apr 13 12:23 2024 by Jayne Jinx
	Question postage on a sales invoice (Preview) Hi, If this is a duplicate sorry my internet crashed. My question was post charges on a sales invoices to a customer, is this a cost of sale or expense. The customer receives an invoice with £400 for the table, Dr A/R Cr Revenue and the £50 goes the cost of sales or expense? If it goes to the cost of sales i...	einna	1	744	Sat Apr 13 07:26 2024 by Jayne Jinx
	Is my limited co insolvent? (Preview) Hi, new here. I own a micro business that's been meandering along for 10 years. I accept I should know the answer to this, but I've forgotten The company has fixed assets of 100Total assets less current liabilities 100Creditors: amounts falling due after more than one year (£441,378)Total net ass...	FingerBob	3	1075	Tue Apr 2 17:02 2024 by FingerBob
	Bonus Sacrifice to NEST Pension Xero Payroll (Preview) Good morning all! I have a client who is looking pay his employee a bonus which he is sacrificing to NEST. I am really struggling to post it and Xero has still not answered the query. Has anyone processed it and able to advise me? Kaz -- Edited by KAZ on Tuesday 26th of March 2024 09:19:53 AM	KAZ	1	856	Thu Mar 28 09:35 2024 by BooksByCharlotte
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