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

Shamus · Shamus

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

stephen72 · stephen72

Hi all , just after a bit of advice on how to deal with takings for a business that have been taken on another businesses card terminal. There are two businesses that operate from the same unit. In error one of the businesses transactions have been put through on the other businesses card terminal so t...

Jpeterson85 · Jpeterson85

I have a query regarding business income for cashback on a VAT registered limited company registered in the UK. We recently opened up a PayPal Business Debit Mastercard and you receive 0.5% cashback on all purchases. We have a separate PayPal account for any business transactions and PayPal pay t...

Roadrunner · Roadrunner

Hi After reading through few of the related the articles I've decided to kindly ask for the opinions. The customer no 1 is a SE baker working from home. Some refurbishment has been performed at two rooms at their house , living room has been converted to a kitchen / production floor. Would it be corr...

citygal5 · citygal5

Hi It seems that Xero only holds data from the last Financial year and the current one. Does anyone know if Xero has an archive ? If you need to look at your accounts records from say 4years ago - it does not seem possible. I am a bit worried that purchase invoices that I have embedded in Xero will disa...

AJones · AJones

I got the Cardnet report with service carges+fees; preparing the VAt but need to trace Cashbacks? Second, what's best method for bookkeeping via Quickbooks for off-licence stores? Do i have to use a clearing account to clearing Banking feeds? or try to post CardNet receipts directly to Sales, th...

Kinbuck · Kinbuck

Hi Everyone One of my sole-trader clients has passed away suddenly and the family will be passing me the records they can find to complete 20/21 which should be straightforward. My brain is now overthinking what to do with 21/22? Any guidance would be much appreciated. Thank you

Digdogs · Digdogs

All I know is that a) cant use capital allowances with cash accounting, b) cash accounting is based on when money is paid and accruals is invoice based, c) not supposed to change from one to the other, d) small companies often better with cash as it helps cash flow yes? Is there anything else to it and how s...

airamae · airamae

Please layout the different conditions in selling online, locally, & internationally from a UK-registered business and an Irish-registered business. Your reply should not be solely Brexit-focused (can be referenced) but rather cover VAT / month-end / year-end points that are different a...

CharlieChav · CharlieChav

Calling all barrack room lawyers. I have been a member of IAB for many years. I am retired and so am not in practice or employed. I recently received a demand from IAB to provide them with a current DBS check at my own expense, I replied telling them if they need one they should apply. I then came over all Vic...

Sheena · Sheena

Hi I haven't been on for a while and hope everyone is okay. I have a client who runs a small hotel, he is just opening up again and has decided to go Pet Friendly. Would Pet charges whilst staying in the Guest rooms be charged at the Lower VAT Rate 5% or would this be classified as Standard VAT. Many Thanks Sh...

KimmyG1984 · KimmyG1984

Hello, I am very new to this and appreciate any help so that I can enter my first salary journal for April wages and get it right

I have come stuck as we have a CIS suffered refund amount (1570.04) and an NIC EA REFUND amount (1501.63) - and it is just confusing the life out of me. GROSS - 17897.49 ERS NI -...

Melissa15 · Melissa15

Hello! I am a registered bookkeeper and have been approached by a CBS in my village to volunteer to carry out a lay audit to assure the administration and records relating to the sale of community shares. Can anyone tell me whether I can go ahead do this without breaking any AML rules? Thanks in advance...

outsourcingbookkeeping · outsourcingbookkeeping

I consider following benefits when outsource bookkeeping services. * Weekly and Monthly Profit and Loss Account and Balance Sheet * Monthly, Quarterly or Yearly Comparison of Incomes and Expenses * Providing profit percentages, trends of Incomes and Expenses * Ratio Analysis Please share your...

Dirky · Dirky

Hi, hope you can help :). I have 2 companies, A and B lets call them. I am using Xero for both. I want company A to loan money to company B, no interest, just a straight forward loan to be paid back at some point. Maybe or maybe not in instalments. I am creating a 'spend money' transaction in A to show the money g...

retsub35 · retsub35

Hi all, I am going round in circle with this so thought I would ask for some ideas: A client runs stock module on Sage 50C. About 12 times a month workshop staff use some of the shop stock for workshop/cleaning use. They have been using the adjustments out module just to alter the stock which needs to chang...

Samalixo · Samalixo

Could someone please help I am stuck on the posting for the salary sacrifice re bike to work scheme the company purchased a bike £500 for an employee to pay back via salalry sacrifice cost of the bike has been posted to assett account The amount of £53 is taken from the employee salary as a pre tax deduct...

Hana26 · Hana26

Hi all! I am student and need little help here Directors of limited company getting weekly, on top of their wages, fixed sum of money. They are using this money for cash purchases for the business. The reason is that the business is seasonal and there is not always enough cash flow to cover the business...

CJR · CJR

Hi everyone, I'm still learning some of the basics of posting donations and I would appreciate any advice or help with this one. If I receive a donation from the company I use to process our online donations, on Sage 50 Accounts Charity option, do I post the donation date as the date we receive the donati...

Count1314 · Count1314

So, I have a client that has grown in the past year and had also has opened a business bank account. I am not experienced in dealing with businesses that don't work with accounting software! In the past he had shown a list of monthly invoices/receipts and a separate tab for sales invoices. Now that he ha...

Topic		Started By	Replies	Views	Last Post
	STICKY: Before Posting (closed) (Preview) http://www.book-keepers.org.uk/t62264820/site-ethics/	Shamus	0	5092	Sat Jun 11 15:07 2016 by Shamus
	transfer of takings (Preview) Hi all , just after a bit of advice on how to deal with takings for a business that have been taken on another businesses card terminal. There are two businesses that operate from the same unit. In error one of the businesses transactions have been put through on the other businesses card terminal so t...	stephen72	2	174	Tue Jul 27 11:58 2021 by stephen72
	Cashback - income for corporation tax and vat, or not? (Preview) I have a query regarding business income for cashback on a VAT registered limited company registered in the UK. We recently opened up a PayPal Business Debit Mastercard and you receive 0.5% cashback on all purchases. We have a separate PayPal account for any business transactions and PayPal pay t...	Jpeterson85	7	352	Sun Jul 25 14:31 2021 by Shamus
	Working from home , subsistence working from home subsistence (Preview) Hi After reading through few of the related the articles I've decided to kindly ask for the opinions. The customer no 1 is a SE baker working from home. Some refurbishment has been performed at two rooms at their house , living room has been converted to a kitchen / production floor. Would it be corr...	Roadrunner	8	486	Fri Jul 23 17:22 2021 by Shamus
	Saving Data in XERO (Preview) Hi It seems that Xero only holds data from the last Financial year and the current one. Does anyone know if Xero has an archive ? If you need to look at your accounts records from say 4years ago - it does not seem possible. I am a bit worried that purchase invoices that I have embedded in Xero will disa...	citygal5	11	879	Tue Jul 20 10:34 2021 by HarryStottle
	Cashbacks tracked on off-licence stores (Preview) I got the Cardnet report with service carges+fees; preparing the VAt but need to trace Cashbacks? Second, what's best method for bookkeeping via Quickbooks for off-licence stores? Do i have to use a clearing account to clearing Banking feeds? or try to post CardNet receipts directly to Sales, th...	AJones	2	275	Fri Jul 9 10:05 2021 by BudgetB
	When a sole trader dies (Preview) Hi Everyone One of my sole-trader clients has passed away suddenly and the family will be passing me the records they can find to complete 20/21 which should be straightforward. My brain is now overthinking what to do with 21/22? Any guidance would be much appreciated. Thank you	Kinbuck	7	481	Sat Jul 3 21:04 2021 by stephen72
	The Difference Between Cash Accounting and Accruals (Preview) All I know is that a) cant use capital allowances with cash accounting, b) cash accounting is based on when money is paid and accruals is invoice based, c) not supposed to change from one to the other, d) small companies often better with cash as it helps cash flow yes? Is there anything else to it and how s...	Digdogs	2	260	Sat Jun 26 14:57 2021 by Digdogs
	Conditions in selling online locally and internationally for UK and Ireland registered business. (Preview) Please layout the different conditions in selling online, locally, & internationally from a UK-registered business and an Irish-registered business. Your reply should not be solely Brexit-focused (can be referenced) but rather cover VAT / month-end / year-end points that are different a...	airamae	3	318	Sat Jun 26 11:39 2021 by Chaz
	IAB Criminal Records Check (Preview) Calling all barrack room lawyers. I have been a member of IAB for many years. I am retired and so am not in practice or employed. I recently received a demand from IAB to provide them with a current DBS check at my own expense, I replied telling them if they need one they should apply. I then came over all Vic...	CharlieChav	5	573	Sat Jun 12 23:30 2021 by CharlieChav
	Temporary Reduced VAT Rate - Pets (Preview) Hi I haven't been on for a while and hope everyone is okay. I have a client who runs a small hotel, he is just opening up again and has decided to go Pet Friendly. Would Pet charges whilst staying in the Guest rooms be charged at the Lower VAT Rate 5% or would this be classified as Standard VAT. Many Thanks Sh...	Sheena	1	236	Mon Jun 7 17:43 2021 by Chaz
	Manual salary Journal - Sage (Preview) Hello, I am very new to this and appreciate any help so that I can enter my first salary journal for April wages and get it right I have come stuck as we have a CIS suffered refund amount (1570.04) and an NIC EA REFUND amount (1501.63) - and it is just confusing the life out of me. GROSS - 17897.49 ERS NI -...	KimmyG1984	1	288	Wed May 19 15:54 2021 by Leger
	Community Benefit Society (Preview) Hello! I am a registered bookkeeper and have been approached by a CBS in my village to volunteer to carry out a lay audit to assure the administration and records relating to the sale of community shares. Can anyone tell me whether I can go ahead do this without breaking any AML rules? Thanks in advance...	Melissa15	8	728	Thu May 6 13:17 2021 by Sun
	Which is the benefits when outsource bookkeeping services bookkeeping (Preview) I consider following benefits when outsource bookkeeping services. * Weekly and Monthly Profit and Loss Account and Balance Sheet * Monthly, Quarterly or Yearly Comparison of Incomes and Expenses * Providing profit percentages, trends of Incomes and Expenses * Ratio Analysis Please share your...	outsourcingbookkeeping	18	7897	Thu May 6 09:44 2021 by BMM
	Inter company loan? (Preview) Hi, hope you can help :). I have 2 companies, A and B lets call them. I am using Xero for both. I want company A to loan money to company B, no interest, just a straight forward loan to be paid back at some point. Maybe or maybe not in instalments. I am creating a 'spend money' transaction in A to show the money g...	Dirky	0	307	Sun May 2 14:47 2021 by Dirky
	Stock supplies used in workshop (Preview) Hi all, I am going round in circle with this so thought I would ask for some ideas: A client runs stock module on Sage 50C. About 12 times a month workshop staff use some of the shop stock for workshop/cleaning use. They have been using the adjustments out module just to alter the stock which needs to chang...	retsub35	8	658	Sun Apr 25 20:23 2021 by phildawtamworth
	Salary sacrifice (Preview) Could someone please help I am stuck on the posting for the salary sacrifice re bike to work scheme the company purchased a bike £500 for an employee to pay back via salalry sacrifice cost of the bike has been posted to assett account The amount of £53 is taken from the employee salary as a pre tax deduct...	Samalixo	0	325	Sat Apr 24 14:24 2021 by Samalixo
	Directors Loan? (Preview) Hi all! I am student and need little help here Directors of limited company getting weekly, on top of their wages, fixed sum of money. They are using this money for cash purchases for the business. The reason is that the business is seasonal and there is not always enough cash flow to cover the business...	Hana26	11	1492	Sat Apr 17 12:25 2021 by Leger
	Posting donations received (Preview) Hi everyone, I'm still learning some of the basics of posting donations and I would appreciate any advice or help with this one. If I receive a donation from the company I use to process our online donations, on Sage 50 Accounts Charity option, do I post the donation date as the date we receive the donati...	CJR	1	448	Wed Mar 31 09:28 2021 by Artois
	Approach to accounts (Preview) So, I have a client that has grown in the past year and had also has opened a business bank account. I am not experienced in dealing with businesses that don't work with accounting software! In the past he had shown a list of monthly invoices/receipts and a separate tab for sales invoices. Now that he ha...	Count1314	2	612	Mon Mar 22 17:00 2021 by BudgetB
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