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

Shamus · Shamus

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

Noddy1985 · Noddy1985

Hello I use VT+ for my business. I want to ask what is the best way to record and manage an employee's interest free loan? The loan will be repaid by monthly instalments from deductions from the salary. So, it would be good to have suggestions to how I can modify the payroll journal to a keep a record of the l...

helen19893355 · helen19893355

Hi we have an very old bank account which we can no longer use or have access to. There is a small amount of cash in it. I need to write this off in the balance sheet. Question where does the other side of the entry go to in the P/L. Thanks

Davina · Davina

Hi, director paid for equipment before company started, entering those onto Sage and recording a credit note as invoice paid by director, however the credit note does not include the VAT amount so makes his balance less?? Any suggestions

onlinebookkeeper · onlinebookkeeper

hii...i am new in this book-keeping feild..tell me good book-keeping and accounting related books on internet...by which i can learn new things... thanx and regards,

Salvo · Salvo

Hello, I need to fill up my VAT Returns for the first time. I've been working as delivery driver and I really don't know how to fill the boxes, I mean what can I consider as output(SALES) and what as input(PURCHASES)? I just delivered, I didn't sell anything and buy anything. Thank you

Caspar · Caspar

Hi I wonder if anyone knows the entries for this transaction as I haven't done one of these before: Other Investment B/S (valued at £20,000 in the accounts) Sold for £8,000 to a related party (a valuation was done on the day of sale and it was shown to be now only worth this lower figure, due to the downturn...

AnnAH23 · AnnAH23

Hi, my first post! Does anyone use sage and have sale or return items? Struggling to get my head around how to process! The Co is VAT registered, but the suppliers of the items on SoR are not. Previously, the company has accounted for VAT on the full sales price of the item, however i'm thinking they shoul...

Keelbolt · Keelbolt

I'm new to doing the accounts for a Country Rock Band. There are very few accounts, and it should be quite simple. I've just issued an invoice that is due for payment in July 22. As I'm using double entry, I have credited the Trade Debtors account with the invoice amount because they owe the band, and d...

new start up · new start up

Is this allowed? Say I run a limited company and my rent and lease of the property is in my personal name and I put the invoices though the books as that. Will the accountant who finalizes the books at the end of the year; will the inland revenue as well except this? Thanks

Elaine105 · Elaine105

Hi I have a client who banks with the NatWest and they would like to import the suppliers batch payments from Xero to their NatWest Portal for payment. However, I've found that the NatWest requires a .text document for the import and Xero only exports the date either by csv or BACS file, so these are no...

DoreenL1 · DoreenL1

Non director has bought fuel for his company vehicle and has lost the receipt. I can't claim VAT as no receipt so what tax code do I use T9 or T0?

blueeyes · blueeyes

Hi, I have a client who has raised an invoice and put both the mileage and recharge of parking expenses as materials, therefore not had the deduction made. I just want to confirm both are within the scope of CIS before I say something. TIA

RayRay · RayRay

I'm doing one of those lovely catch-up jobs and there are several receipts which include CIS deductions. I've set the account (xero) up for the new CIS with reverse charge VAT. How do I reconcile these earlier transactions (I have invoice total and CIS deducted figure). Should I create a separat...

Buzzer1975 · Buzzer1975

Hi all, I manage the books for a car garage. We outsource our mots to a garage up the road and then charge the customer. My question is which nominal code would I use. would it be a direct expense or purchase. much appreciated Helen

nadimgaye12 · nadimgaye12

I am in the process of setting up new accounts using sage cloud. The previous accounts were done by another accountant upto 2021. The small business has been paying off a loan. The old accountant used his own software so we now need to setup accounting using the new sage cloud. Can any one tell me how to en...

Harry_GWBI · Harry_GWBI

I stumbled across this fun website, it's a non-existent beverage designed specifically for people who work with spreadsheets... Hopefully, it will offer some light relief to your busy day. https://bizmax.energy/excelr8-business-beverage/

Buzzer1975 · Buzzer1975

Hi all, First time post for me! I have a 2 different companies, a mechanics and a alloy wheel business. I'm frequently paying bills from the alloy wheel business that should really come out of the mechanics but dont due to cash flows etc. I have paid a large bill for materials today. Do I enter it as a...

Community · Community

Hi, working as subcontractor and my contractor informed me that I have to invoice him with ZERO VAT as his new project is ZERO RATED PROJECT. He is not developer (he works for them) I have checked VAT Notice 700 and in one sections it says: 17.4 Subcontractors accepting certificates If youre a contrac...

bluewaterandco · bluewaterandco

Despite the fact that 50% of new firms fail within the first year and 95% fail within the first five years, the SME sector continues to develop despite the economic slump. While no one can predict whether a business will thrive or fail, you can take efforts to ensure that it gets off to the greatest possi...

Topic		Started By	Replies	Views	Last Post
	STICKY: Before Posting (closed) (Preview) http://www.book-keepers.org.uk/t62264820/site-ethics/	Shamus	0	5835	Sat Jun 11 15:07 2016 by Shamus
	Employee loan (Preview) Hello I use VT+ for my business. I want to ask what is the best way to record and manage an employee's interest free loan? The loan will be repaid by monthly instalments from deductions from the salary. So, it would be good to have suggestions to how I can modify the payroll journal to a keep a record of the l...	Noddy1985	1	123	Thu Jun 23 21:04 2022 by Leger
	Write off of inaccessible bank account (Preview) Hi we have an very old bank account which we can no longer use or have access to. There is a small amount of cash in it. I need to write this off in the balance sheet. Question where does the other side of the entry go to in the P/L. Thanks	helen19893355	2	267	Sat Jun 18 23:50 2022 by helen19893355
	Credit note to directors loan does not include tax on directors loan nominal (Preview) Hi, director paid for equipment before company started, entering those onto Sage and recording a credit note as invoice paid by director, however the credit note does not include the VAT amount so makes his balance less?? Any suggestions	Davina	5	520	Wed Jun 15 13:08 2022 by HarryStottle
	book-keeping related books. (Preview) hii...i am new in this book-keeping feild..tell me good book-keeping and accounting related books on internet...by which i can learn new things... thanx and regards,	onlinebookkeeper	8	1976	Fri Jun 10 02:52 2022 by rynaluis
	Delivery Driver VAT Returns (Preview) Hello, I need to fill up my VAT Returns for the first time. I've been working as delivery driver and I really don't know how to fill the boxes, I mean what can I consider as output(SALES) and what as input(PURCHASES)? I just delivered, I didn't sell anything and buy anything. Thank you	Salvo	8	877	Wed Jun 8 21:50 2022 by Leger
	Sale of Investment in Ltd Co and realised loss Double Entries (Preview) Hi I wonder if anyone knows the entries for this transaction as I haven't done one of these before: Other Investment B/S (valued at £20,000 in the accounts) Sold for £8,000 to a related party (a valuation was done on the day of sale and it was shown to be now only worth this lower figure, due to the downturn...	Caspar	0	182	Thu May 19 16:04 2022 by Caspar
	Sage - Sale or Return (Preview) Hi, my first post! Does anyone use sage and have sale or return items? Struggling to get my head around how to process! The Co is VAT registered, but the suppliers of the items on SoR are not. Previously, the company has accounted for VAT on the full sales price of the item, however i'm thinking they shoul...	AnnAH23	0	179	Mon May 16 13:07 2022 by AnnAH23
	Issuing an Invoice for future payment (Preview) I'm new to doing the accounts for a Country Rock Band. There are very few accounts, and it should be quite simple. I've just issued an invoice that is due for payment in July 22. As I'm using double entry, I have credited the Trade Debtors account with the invoice amount because they owe the band, and d...	Keelbolt	2	347	Sun May 8 12:10 2022 by Leger
	Limited company putting invoices though books on personal name (Preview) Is this allowed? Say I run a limited company and my rent and lease of the property is in my personal name and I put the invoices though the books as that. Will the accountant who finalizes the books at the end of the year; will the inland revenue as well except this? Thanks	new start up	2	337	Wed Apr 27 18:32 2022 by new start up
	Xero Batch Supplier Payments & NatWest (Preview) Hi I have a client who banks with the NatWest and they would like to import the suppliers batch payments from Xero to their NatWest Portal for payment. However, I've found that the NatWest requires a .text document for the import and Xero only exports the date either by csv or BACS file, so these are no...	Elaine105	0	210	Tue Apr 26 10:06 2022 by Elaine105
	What SAGE tax code to use (Preview) Non director has bought fuel for his company vehicle and has lost the receipt. I can't claim VAT as no receipt so what tax code do I use T9 or T0?	DoreenL1	1	283	Fri Apr 22 20:53 2022 by Artois
	Recharge of parking, is it within the scope of CIS? (Preview) Hi, I have a client who has raised an invoice and put both the mileage and recharge of parking expenses as materials, therefore not had the deduction made. I just want to confirm both are within the scope of CIS before I say something. TIA	blueeyes	2	331	Tue Apr 19 19:15 2022 by Artois
	Entering CIS deducted for old 2020 receipts (Preview) I'm doing one of those lovely catch-up jobs and there are several receipts which include CIS deductions. I've set the account (xero) up for the new CIS with reverse charge VAT. How do I reconcile these earlier transactions (I have invoice total and CIS deducted figure). Should I create a separat...	RayRay	1	382	Mon Apr 11 14:22 2022 by Leger
	Which Nominal Code (Preview) Hi all, I manage the books for a car garage. We outsource our mots to a garage up the road and then charge the customer. My question is which nominal code would I use. would it be a direct expense or purchase. much appreciated Helen	Buzzer1975	1	317	Mon Apr 11 14:13 2022 by Leger
	Entering new sage cloud accounts (Preview) I am in the process of setting up new accounts using sage cloud. The previous accounts were done by another accountant upto 2021. The small business has been paying off a loan. The old accountant used his own software so we now need to setup accounting using the new sage cloud. Can any one tell me how to en...	nadimgaye12	1	374	Wed Apr 6 11:55 2022 by Shamus
	Some light relief. This product does NOT exist, but maybe you wished it did. excel humour (Preview) I stumbled across this fun website, it's a non-existent beverage designed specifically for people who work with spreadsheets... Hopefully, it will offer some light relief to your busy day. https://bizmax.energy/excelr8-business-beverage/	Harry_GWBI	2	397	Tue Mar 29 12:09 2022 by Shamus
	newbie help with nominal code (Preview) Hi all, First time post for me! I have a 2 different companies, a mechanics and a alloy wheel business. I'm frequently paying bills from the alloy wheel business that should really come out of the mechanics but dont due to cash flows etc. I have paid a large bill for materials today. Do I enter it as a...	Buzzer1975	6	580	Tue Mar 29 11:36 2022 by Buzzer1975
	CIS VAT zero rated projects (Preview) Hi, working as subcontractor and my contractor informed me that I have to invoice him with ZERO VAT as his new project is ZERO RATED PROJECT. He is not developer (he works for them) I have checked VAT Notice 700 and in one sections it says: 17.4 Subcontractors accepting certificates If youre a contrac...	Community	3	411	Wed Mar 23 21:31 2022 by Artois
	How to make small business successful? (Preview) Despite the fact that 50% of new firms fail within the first year and 95% fail within the first five years, the SME sector continues to develop despite the economic slump. While no one can predict whether a business will thrive or fail, you can take efforts to ensure that it gets off to the greatest possi...	bluewaterandco	1	327	Mon Mar 14 13:29 2022 by Leger
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