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

Shamus · Shamus

Before posting in this section of the site please refer to :http://www.book-keepers.org.uk/t10583966/forum-rules-and-privacy-policy-please-read-before-making-a-p/ for the site rulesAnd http://www.book-keepers.org.uk/t62264820/site-ethics/ for the site ethics. It is assumed...

abacus12345 · abacus12345

Hi guys. My questions are based upon the entries for Hire Purchase(s) If for example : Mr X acquires an asset, principal is £10,000 Interest shall be 12% PA, repaid over 12 months. What are the entries? I figure.... Debit the asset account £10,000 Credit the HP company with £11200 THEN - Create a bal...

Cheshire · Cheshire

hi Anyone know how to get read only access to online banking for balances and entries and downloading bank statements? Barclays numpties cannot seem to answer the question. Might be because its a Sunday and all their brains are still in Saturday nights beer! Or just because it's 'service' staff are...

Alinurts · Alinurts

hi, I have helped a friend move from Free Agent to Xero for free the accountant gave me conversion balances but also an "opening balance journal". I've posted both but it seems like the conversion balances are doubled up on accounts with the manual journal adjustments. Not sure what I've done wron...

thebigbojo · thebigbojo

Hey, been lurking in the forums these past few days trying to figure out my options. Basically, I've been offered some IT contract work for the next few months. I'm just coming out of uni so have no other earnings this financial year and total will be under any NI thresholds (full or proportional to the a...

Coles · Coles

Hi all Can anyone point me in the right direction for a new client checklist please? I am a virtual assistant also offering basic bookkeeping and need to have something in place for compliance. TIA

JasonB · JasonB

Can someone help offer an insight? I have a friend who has been working as a sole trader providing videography services. He has now set up a Ltd company with a partner and is a director in this new company providing the same services. He was advised by some business guru to invoice himself as a sole trader...

Bristol_al · Bristol_al

Hi everyone I was retired a year ago at the grand age of 31 as I got too sick to work. I'm looking to the future now and would like to retrain in a field where I can be self-employed and work part-time flexibly to suit my health issues. I have zero experience of or qualifications in book keeping and was hoping...

Cheshire · Cheshire

Hi Any ideas how I can setup a formula in excel to create a 'last payment date' from a start date. I have eg customer making payments to a client on a lease agreement for 24 months, so need to set up recurring payments, all have differing direct debit payment dates So far I have Col a Col b ...

lorrylau · lorrylau

A friend has asked me to look at their business, they sell band mechandise, T-shirts, posters etc. and are VAT registered. Sales in shopify include a separate shipping cost that the customer pays. They charge VAT on the goods (UK and EU sales) but not on the shipping. So £20 goods + £4 VAT plus £5 shi...

Louise84 · Louise84

Hi All, I have a client (sole trader). They have two trades.... second trade new in YE 19. The second trade made a loss due to start up costs. My question is can the loss be offset against the profitable trade in given tax year. Thanks Louise

Russky · Russky

The 3rd party is in the US is a newco & albeit 1 director is the same it is not a subsid. The US ledger was factored in the UK & now transferred to the the US. All figures $ The 110k is an introduction of cash to facilitate the shortfall in reserves to the existing lender. This was via transfer to the...

JEM · JEM

Hi, I'm new to my current position and have to run the year end reconciliations for the Year End Accounts. We have private health care policy for managers (BUPA) and I code the BUPA invoices to 8817 Private Healthcare Liability NC; we also have a health insurance policy for employees (Health Shield)...

accountonus · accountonus

Hi everyone, So a little about me .. I am a 31 year old mother of two - youngest being 6 months! i have a equine degree and veterinary physio diploma however after that industry and owning my own restaurant i decided to change career totally to fit around family life!! i have always been fascinated by bus...

cristeen · cristeen

Hi, I'm new to the forum and am seeking some general advice I have recently been employed as a bookkeeper for a small but rapidly growing Ltd company, mainly internet sales, two directors and now me. I am not formally qualified, my bosses are aware of this, but have some experience with Sage Line 50 fro...

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...

ZoesBookkeeping · ZoesBookkeeping

HI, I use QuickBooks Pro 2016 (desktop) at a clients premises. Their accountant would like me to send her the end of year reports as excel spreadsheets. Is there an easy secure way to do this please? I have BT and Gmail emails. I can do the reports it's sending them securely I'm not sure about. Hear from yo...

haymac · haymac

Hi All, Just wondering how everyone deals with customers paperwork, do you collect or have them drop off, or have it posted ? The reason I ask is that I have always popped into majority of my customers to collect their paperwork, this gives me the opportunity to build up relations and gets me out of the o...

accountonus · accountonus

Hi everyone, Is accounting for everyone 12 module online course for £50 any good?? Anyone recommend this, reading the website it looks very interesting and clear way of learning. Sometimes reading my Kaplan text books and testing on myaat can get a little tedious this could just give my knowledge...

Shamus · Shamus

From Accounting Today (Thats "Accounting Today", not "Accounting" today which is a different publication). The UK and US markets are very sililar so this is applicable. https://www.accountingtoday.com/list/the-state-of-bookkeeping-in-2019?utm_source=newsletter&utm_medium=...

Topic		Started By	Replies	Views	Last Post
	STICKY: Before Posting (closed) (Preview) Before posting in this section of the site please refer to :http://www.book-keepers.org.uk/t10583966/forum-rules-and-privacy-policy-please-read-before-making-a-p/ for the site rulesAnd http://www.book-keepers.org.uk/t62264820/site-ethics/ for the site ethics. It is assumed...	Shamus	0	3157	Sat Jun 11 15:07 2016 by Shamus
	HP Purchase / Interest entries... (Preview) Hi guys. My questions are based upon the entries for Hire Purchase(s) If for example : Mr X acquires an asset, principal is £10,000 Interest shall be 12% PA, repaid over 12 months. What are the entries? I figure.... Debit the asset account £10,000 Credit the HP company with £11200 THEN - Create a bal...	abacus12345	15	2062	Tue Aug 13 15:30 2019 by Leger
	Barclays online access for 3rd party (Preview) hi Anyone know how to get read only access to online banking for balances and entries and downloading bank statements? Barclays numpties cannot seem to answer the question. Might be because its a Sunday and all their brains are still in Saturday nights beer! Or just because it's 'service' staff are...	Cheshire	6	292	Tue Aug 13 12:04 2019 by Cheshire
	opening balance journal causing pain conversiob balances opening balance journals suspense account (Preview) hi, I have helped a friend move from Free Agent to Xero for free the accountant gave me conversion balances but also an "opening balance journal". I've posted both but it seems like the conversion balances are doubled up on accounts with the manual journal adjustments. Not sure what I've done wron...	Alinurts	5	275	Tue Aug 6 20:00 2019 by Alinurts
	managing own accounts for a ltd (Preview) Hey, been lurking in the forums these past few days trying to figure out my options. Basically, I've been offered some IT contract work for the next few months. I'm just coming out of uni so have no other earnings this financial year and total will be under any NI thresholds (full or proportional to the a...	thebigbojo	8	455	Tue Aug 6 15:12 2019 by Cheshire
	New Client Checklist, UK (Preview) Hi all Can anyone point me in the right direction for a new client checklist please? I am a virtual assistant also offering basic bookkeeping and need to have something in place for compliance. TIA	Coles	14	805	Fri Aug 2 13:11 2019 by Ally2019
	Director & subcontractor in same company ?! (Preview) Can someone help offer an insight? I have a friend who has been working as a sole trader providing videography services. He has now set up a Ltd company with a partner and is a director in this new company providing the same services. He was advised by some business guru to invoice himself as a sole trader...	JasonB	15	667	Thu Aug 1 17:26 2019 by Cheshire
	Considering re-training as a bookeeper - what should I know? (Preview) Hi everyone I was retired a year ago at the grand age of 31 as I got too sick to work. I'm looking to the future now and would like to retrain in a field where I can be self-employed and work part-time flexibly to suit my health issues. I have zero experience of or qualifications in book keeping and was hoping...	Bristol_al	13	521	Thu Aug 1 17:04 2019 by Cheshire
	Excel help (Preview) Hi Any ideas how I can setup a formula in excel to create a 'last payment date' from a start date. I have eg customer making payments to a client on a lease agreement for 24 months, so need to set up recurring payments, all have differing direct debit payment dates So far I have Col a Col b ...	Cheshire	6	353	Wed Jul 31 08:27 2019 by Cheshire
	Shopify: shipping costs and VAT shopify VAT Revenue (Preview) A friend has asked me to look at their business, they sell band mechandise, T-shirts, posters etc. and are VAT registered. Sales in shopify include a separate shipping cost that the customer pays. They charge VAT on the goods (UK and EU sales) but not on the shipping. So £20 goods + £4 VAT plus £5 shi...	lorrylau	8	501	Mon Jul 29 10:25 2019 by Cheshire
	Sole trader with two trades (Preview) Hi All, I have a client (sole trader). They have two trades.... second trade new in YE 19. The second trade made a loss due to start up costs. My question is can the loss be offset against the profitable trade in given tax year. Thanks Louise	Louise84	16	792	Sat Jul 27 17:40 2019 by YLB-HO
	Double entry on the sale of ID trade receivebles to a 3rd party (Preview) The 3rd party is in the US is a newco & albeit 1 director is the same it is not a subsid. The US ledger was factored in the UK & now transferred to the the US. All figures $ The 110k is an introduction of cash to facilitate the shortfall in reserves to the existing lender. This was via transfer to the...	Russky	4	406	Sat Jul 20 19:30 2019 by Cheshire
	Reconciliation of Private Healthcare Nominal Account (Preview) Hi, I'm new to my current position and have to run the year end reconciliations for the Year End Accounts. We have private health care policy for managers (BUPA) and I code the BUPA invoices to 8817 Private Healthcare Liability NC; we also have a health insurance policy for employees (Health Shield)...	JEM	3	392	Mon Jul 15 19:13 2019 by Cheshire
	New, Overwhelmed & Honest... (Preview) Hi everyone, So a little about me .. I am a 31 year old mother of two - youngest being 6 months! i have a equine degree and veterinary physio diploma however after that industry and owning my own restaurant i decided to change career totally to fit around family life!! i have always been fascinated by bus...	accountonus	17	906	Mon Jul 8 16:18 2019 by Leger
	Transactions from previous years, how to deal with them? (Preview) Hi, I'm new to the forum and am seeking some general advice I have recently been employed as a bookkeeper for a small but rapidly growing Ltd company, mainly internet sales, two directors and now me. I am not formally qualified, my bosses are aware of this, but have some experience with Sage Line 50 fro...	cristeen	8	843	Sat Jul 6 17:49 2019 by YLB-HO
	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	29	1193	Sat Jul 6 17:19 2019 by YLB-HO
	Sending Excel reports securely (Preview) HI, I use QuickBooks Pro 2016 (desktop) at a clients premises. Their accountant would like me to send her the end of year reports as excel spreadsheets. Is there an easy secure way to do this please? I have BT and Gmail emails. I can do the reports it's sending them securely I'm not sure about. Hear from yo...	ZoesBookkeeping	3	332	Thu Jul 4 10:55 2019 by ZoesBookkeeping
	How do you collect your customers paperwork ? (Preview) Hi All, Just wondering how everyone deals with customers paperwork, do you collect or have them drop off, or have it posted ? The reason I ask is that I have always popped into majority of my customers to collect their paperwork, this gives me the opportunity to build up relations and gets me out of the o...	haymac	10	478	Wed Jul 3 18:45 2019 by Leger
	Accounting for everyone? (Preview) Hi everyone, Is accounting for everyone 12 module online course for £50 any good?? Anyone recommend this, reading the website it looks very interesting and clear way of learning. Sometimes reading my Kaplan text books and testing on myaat can get a little tedious this could just give my knowledge...	accountonus	6	462	Mon Jul 1 16:44 2019 by Cheshire
	The state of bookkeeping 2019 (Preview) From Accounting Today (Thats "Accounting Today", not "Accounting" today which is a different publication). The UK and US markets are very sililar so this is applicable. https://www.accountingtoday.com/list/the-state-of-bookkeeping-in-2019?utm_source=newsletter&utm_medium=...	Shamus	4	389	Fri Jun 28 16:24 2019 by Shamus
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