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

JPollard · JPollard

Hello, In Quickbooks online, when creating a budget for the current financial year for a grant received in the last financial year how do I make sure that the unspent portion of the grant is included? Any help would be greatly appreciated. Regards, Jonathan

Angela Flanagan · Angela Flanagan

Hi there, I'm at my wits end. Does anyone know how to change the date on a bank reconciliation in Sageone? Thanks in advance

KChally · KChally

Hi All, Just wondering if someone could advise please. The net profit for 2019/2020 is a very small £7,000 ish, but during the same tax year the client withdrew all of a small personal pension so that he could purchase a new tractor for £17,000. His full personal allowance was used against the pension w...

ClareD · ClareD

Hi, I'm after some advice.... I finished AAT back in 2012 and i did not renew my membership. I have now decided i want to start up on my own as a self employed bookkeeper and unfortunately for me i have to go through the process of renewing my membership with AAT. I have recently started the application...

KMBookkeeping · KMBookkeeping

I am a self employed BK and have been asked to quote on bookkeeping and quarterly VAT for an independent financial advisor trading as a sole director ltd company Income and outgoings very straightforward from preliminary chat and VAT is currently being done by the accountant supplying stat accou...

Alice0411 · Alice0411

hello, I apologise if this is not the place to ask this question, but maybe you will be able to help me out.... I'm looking for an information /reliable source for the situation below: My friend (self-employed) sells children books, clothing, board games, jigsaw that she buys in the EU. Her order is no...

Amanda · Amanda

HI Everyone, Well with 2020 nearly over, what are people's business plans for the new year? Like me I expect a lot of you are really hacked off with the furlough being extended, when on earth is it really going to end, I am expecting it to get extended yet again! Anyone feel like giving up at all? I have fe...

NA_AA · NA_AA

Please confirm if the below is correct. If you have paid for the share capital then you would: DR Bank CR Share Capital If you have not yet paid for the share capital then you would: DR Directors Loan Account CR Share Capital

VickyC · VickyC

Hi I have just joined and I need help with VT accounts. The company I work for has opened a savings account I need to know how to enter the interest earned. Thankyou

Fredja · Fredja

Hi I need to get a report from sage 50 pro showing P&L on a month by month basis which also shows same periods for prior year on month by month basis. Any idea how I get the report? Just actuals for comparison. -- Edited by Fredja on Friday 9th of October 2020 10:55:19 AM

Osama79 · Osama79

I am attending classes online through Zoom software due to covid 19 issues . They have taught me Accounting equation Journal Ledger and Trial balance Since the classes are online , the teaching methods are not of the highest quality . I still have to do a lot of self learning after they end the class bec...

Osama79 · Osama79

Are both the same ?

Samilou67 · Samilou67

Hi everyone, I hope you are all keeping well and not too fed up. I have taken over the bookkeeping for a Ltd company that has been trading for a few years. My question is how do I introduce/account for the assets that were purchased in 2017 in Sage. The director used to do very basic bookkeeping and hadn't e...

Gena Sanford · Gena Sanford

I have been searching for software that can help me manage my accounting and bookkeeping tasks, have researched on google as well. Just want more suggestions to be more clear about it.

Danillon · Danillon

Hello Customer pays deposits for service to be provided after year end. Deposits allocated to liability account. Will re-allocate to sales as service is delivered. One customer cancelled service. Deposit is non refundable. Is this allocated to sales in this year?

rafapak · rafapak

Hi We incur expenses when we consume our resources. I have trouble to understand this in relation to debts written off. If you write off your receivable you incur expense - you record it on irrecoverable debt expense account. Receivable is your resource, your asset. Since we have expense it makes me...

Ollieg · Ollieg

Hi All, I'm sure this topic has been covered but I struggled to find anything specific so I thought I'd start a post. I have a small ltd company which has made around £500 profit for the year. I have had a letter from HMRC regarding corporation tax. I have not paid any corporation tax as of yet. So would I...

Neil1980 · Neil1980

Please excuse my ignorance. I run and do the bookkeeping for my sole trader company and have recently started a dormant Ltd company of the same name of which I am the sole director. My question or questions to you all are: 1. Should I run the sole trader company as a subsidiary of the Ltd company once the LT...

Blonde Accountant · Blonde Accountant

Hello, I am wondering if anyone can help please? I have taken over the accounts for a partnership and they have a bank account and a savings account both in the company name. However in the balance sheet from last year, there is no sign of the saving account. It was a substantial balance of £25000 last yea...

kingaa · kingaa

Hi, I would like to ask what documents I need to run bookkeeping when company act on Amazon. Is reports in csv would be enough to book sales? Also I get from Amazon summary of every month in pdf. Amount showed in section expenses is different than amount showed on invoices I get from Amazon. Can I book...

Topic		Started By	Replies	Views	Last Post
	Quickbooks online: How do I include unspent grant from the last FY in this year's budget? Quickbooks online budgets grants (Preview) Hello, In Quickbooks online, when creating a budget for the current financial year for a grant received in the last financial year how do I make sure that the unspent portion of the grant is included? Any help would be greatly appreciated. Regards, Jonathan	JPollard	1	357	Tue Feb 2 13:20 2021 by AC
	SAGEONE (Preview) Hi there, I'm at my wits end. Does anyone know how to change the date on a bank reconciliation in Sageone? Thanks in advance	Angela Flanagan	2	421	Fri Jan 29 12:47 2021 by Maat
	Claim tax against a large purchase (Preview) Hi All, Just wondering if someone could advise please. The net profit for 2019/2020 is a very small £7,000 ish, but during the same tax year the client withdrew all of a small personal pension so that he could purchase a new tractor for £17,000. His full personal allowance was used against the pension w...	KChally	2	415	Mon Jan 25 16:39 2021 by Shamus
	AAT Membership (Preview) Hi, I'm after some advice.... I finished AAT back in 2012 and i did not renew my membership. I have now decided i want to start up on my own as a self employed bookkeeper and unfortunately for me i have to go through the process of renewing my membership with AAT. I have recently started the application...	ClareD	3	538	Sun Jan 24 17:18 2021 by Maat
	Bookkeeping client who is an IFA (Preview) I am a self employed BK and have been asked to quote on bookkeeping and quarterly VAT for an independent financial advisor trading as a sole director ltd company Income and outgoings very straightforward from preliminary chat and VAT is currently being done by the accountant supplying stat accou...	KMBookkeeping	14	1061	Fri Jan 15 14:21 2021 by Leger
	brexit - importing goods from EU (Preview) hello, I apologise if this is not the place to ask this question, but maybe you will be able to help me out.... I'm looking for an information /reliable source for the situation below: My friend (self-employed) sells children books, clothing, board games, jigsaw that she buys in the EU. Her order is no...	Alice0411	1	350	Wed Jan 13 16:28 2021 by Maat
	What's everyone's plans for their businesses in the New Year (Preview) HI Everyone, Well with 2020 nearly over, what are people's business plans for the new year? Like me I expect a lot of you are really hacked off with the furlough being extended, when on earth is it really going to end, I am expecting it to get extended yet again! Anyone feel like giving up at all? I have fe...	Amanda	15	987	Thu Jan 7 22:04 2021 by Amanda
	Share capital double entry (Preview) Please confirm if the below is correct. If you have paid for the share capital then you would: DR Bank CR Share Capital If you have not yet paid for the share capital then you would: DR Directors Loan Account CR Share Capital	NA_AA	7	4464	Mon Dec 28 17:53 2020 by freenrg
	VT entries for interest earned on a savings account. (Preview) Hi I have just joined and I need help with VT accounts. The company I work for has opened a savings account I need to know how to enter the interest earned. Thankyou	VickyC	9	882	Wed Dec 23 13:29 2020 by Leger
	P&L reports - Sage (Preview) Hi I need to get a report from sage 50 pro showing P&L on a month by month basis which also shows same periods for prior year on month by month basis. Any idea how I get the report? Just actuals for comparison. -- Edited by Fredja on Friday 9th of October 2020 10:55:19 AM	Fredja	7	1107	Fri Dec 11 21:56 2020 by Kamranbsh
	I have started learning accounting through online classes , Please help . (Preview) I am attending classes online through Zoom software due to covid 19 issues . They have taught me Accounting equation Journal Ledger and Trial balance Since the classes are online , the teaching methods are not of the highest quality . I still have to do a lot of self learning after they end the class bec...	Osama79	6	807	Wed Dec 2 14:12 2020 by Osama79
	What is difference between bookkeeping and accounting ? (Preview) Are both the same ?	Osama79	3	544	Tue Nov 24 19:21 2020 by Artois
	Recording assets purchase in a previous accounting period. (Preview) Hi everyone, I hope you are all keeping well and not too fed up. I have taken over the bookkeeping for a Ltd company that has been trading for a few years. My question is how do I introduce/account for the assets that were purchased in 2017 in Sage. The director used to do very basic bookkeeping and hadn't e...	Samilou67	7	857	Fri Oct 30 18:24 2020 by Shamus
	What is the best accounting and bookkeeping software that can be used at an affordable cost? (Preview) I have been searching for software that can help me manage my accounting and bookkeeping tasks, have researched on google as well. Just want more suggestions to be more clear about it.	Gena Sanford	2	685	Thu Oct 22 13:22 2020 by Shamus
	Deposits (Preview) Hello Customer pays deposits for service to be provided after year end. Deposits allocated to liability account. Will re-allocate to sales as service is delivered. One customer cancelled service. Deposit is non refundable. Is this allocated to sales in this year?	Danillon	5	648	Wed Oct 21 09:56 2020 by Leger
	incurring expenses-resource consumption (Preview) Hi We incur expenses when we consume our resources. I have trouble to understand this in relation to debts written off. If you write off your receivable you incur expense - you record it on irrecoverable debt expense account. Receivable is your resource, your asset. Since we have expense it makes me...	rafapak	3	757	Tue Oct 13 16:23 2020 by rafapak
	Final Dividend and winding up a Ltd company (Preview) Hi All, I'm sure this topic has been covered but I struggled to find anything specific so I thought I'd start a post. I have a small ltd company which has made around £500 profit for the year. I have had a letter from HMRC regarding corporation tax. I have not paid any corporation tax as of yet. So would I...	Ollieg	11	1215	Thu Oct 8 15:20 2020 by Leger
	Move a Sole Trader bounce Back Loan to a Ltd Company of the same name LTD Company Sole trader Transfer Bounce Back Loans (Preview) Please excuse my ignorance. I run and do the bookkeeping for my sole trader company and have recently started a dormant Ltd company of the same name of which I am the sole director. My question or questions to you all are: 1. Should I run the sole trader company as a subsidiary of the Ltd company once the LT...	Neil1980	2	585	Mon Oct 5 14:18 2020 by Leger
	Business Savings Account (Preview) Hello, I am wondering if anyone can help please? I have taken over the accounts for a partnership and they have a bank account and a savings account both in the company name. However in the balance sheet from last year, there is no sign of the saving account. It was a substantial balance of £25000 last yea...	Blonde Accountant	2	545	Wed Sep 30 20:29 2020 by Blonde Accountant
	Amazon and bookkeeping Amazon (Preview) Hi, I would like to ask what documents I need to run bookkeeping when company act on Amazon. Is reports in csv would be enough to book sales? Also I get from Amazon summary of every month in pdf. Amount showed in section expenses is different than amount showed on invoices I get from Amazon. Can I book...	kingaa	1	571	Tue Sep 29 11:35 2020 by BMM
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