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

Cheshire · Cheshire

Just seen this response on a professional forum to, lets just say, someone who was acting as less than professional by acting beyond their abilities/too lazy to do any research. Was a spit the coffee out on to the PC screen giggle moment. ''Have you considered retraining as a dog walker?''

Cheshire · Cheshire

Copied and pasted 1) HMRC has advised that agents should not use client credentials to apply for grants in behalf of clients and that doing so may trigger HMRC fraud checks and delay payment. Using client credentials is, in most circumstances, a breach of Professional Conduct in Relation to Tax (P...

haymac · haymac

Is anyone charging extra for this ? The reason I ask is one of my VAT clients who has their accountant do PAYE for them has reported being charged an additional £90.00 per month to process 3 x employees. Am I missing something here ? I have not charged any of my PAYE clients for this, feeling that as we ar...

Nocturnal Wolf · Nocturnal Wolf

Good afternoon everyone, New to the forum so I hope my post is allowed? Having a mental block with regards to raising a journal. We have received an invoice from an associate dated 1st May, which contains work done both this month (May) and last month (April) I was going to raise a reversing journal to a...

Artois · Artois

Hi all Just got an email from HMRC concerning the SEISS and asking for us as accountants to help by supporting our clients and advising them on the scheme, they want us to contact them and talk them through it all, I have nearly 50 clients and they want me to contact every one Because none of us are busy are...

Paulraff · Paulraff

Hi Everyone, I hope you are all well. My client ( a sole trader) paid for a small business expense out of his own pocket. I have an invoice with input vat that I would like to claim. In sage 50 I have recorded with invoice in the supplier account. How do I pay this supplier to reflect the payment. (ie I ca...

King SuPah · King SuPah

Hi everyone, I'm looking at the possibility of starting a simple partnership with my wife to roll all rental income and property management expenses into one 'pot' which could be split based on the actual work we each put in to the rentals. HMRC have responded to an enquiry saying "yes it is possible to...

arksstechexpert · arksstechexpert

I would like to introduce myself as spamming f*ckwitI told everyone that I was in the Panama City in Florida in the United States. Sometimes it gets so hard to remember what it looks like outside when one is stuck in a click farm all day, so imagine my surprise when I looked out of the Window and it was actua...

Artois · Artois

Hi all I wanted to get VT final accounts, at the moment I have VT+ but just on the one off payment not the subscription, can I just download the final accounts or do I need to download the whole package, I don't want to delete all my current clients and records which I was worried would happen if I run the new...

WinterWhite · WinterWhite

I am currently doing some voluntary accounts which used to be done on a Cash Book on Excel. I am trying to put these into Sage. I am trying to do Management accounts so use accruals and pre-payments. I have an electricity bill from EDF in February 2019, £443.29 relating to period 27th August 2018 - 7th Feb...

Cheshire · Cheshire

Morning all. News is starting to filter through following the lastest announcement yesterday about the revised/new CBILS loans with the 100% guarantee. £50k or 25% of turnover, whichever is the lower. Due to be released Monday 4 May (thank goodness they move the Bank holiday!) Cannot take out one o...

CuriousBean · CuriousBean

Hello! I'm looking into how to start up a little Bookkeeping side hustle but I am confused as to whether I am actually allowed to or not? I completed AAT Level 4 studies a couple of years ago and moved straight on to ACCA which is what I am currently studying now. I have just recently submitted and received...

kels74 · kels74

Good afternoon, I would be grateful for any advice that can be offered. I am keen to start my own accountancy company. I have completed AAT and ACCA and currently work as an Finance Director in industry. My plan is to run an outsourced finance department, covering in management accounting,...

ca_malik · ca_malik

we are a chartered accountants firm based in India and want to do online book keeping. we have no knowledge of law but full aware of accountancy. we want to associate with a frim for procuring this work. is any body interested or guide us in this regard

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...

Michael C · Michael C

My company has just received £10,000 from the local authority under the small business grant fund scheme. I know that FRS102 (section 24) covers grants - in the context of them being either revenue or capital related. As far as I can see the SBGF falls in neither of these categories but is 'universal'...

atterol · atterol

Good morning. I hope you are not suffering too much with the current coronavirus crisis and that this request for help is not inappropriate at this time. I would be very grateful for some help with my husband's business bank reconciliation as I don't have much experience. The customers account (...

pargrey · pargrey

Hi could anyone please tell me how I enter an opening stock figure for a new company into sage instant accounts. Thanks

rafapak · rafapak

Hi guys I am recently studying manufacturing account. In my exercise I have raw materials account with 8000 debit balance. 5000 worth of raw materials left raw materials account on credit side and 3000 went to work in process acount on debit side and 2000 went to manufacturing overhead account also...

rafapak · rafapak

Hi I know that abnormal loss should be valued just like output is valued , at full cost but I have troubles to find the reason why it should be valued like this. Normal loss can be defective unit of production and no value is given to this unit (I excluded scrap value here). Abnormal loss can also be defecti...

Topic		Started By	Replies	Views	Last Post
	Giggle moments (Preview) Just seen this response on a professional forum to, lets just say, someone who was acting as less than professional by acting beyond their abilities/too lazy to do any research. Was a spit the coffee out on to the PC screen giggle moment. ''Have you considered retraining as a dog walker?''	Cheshire	32	2604	Fri May 8 08:26 2020 by Artois
	SEISS & Furlough - couple of updates from last couple of days (Preview) Copied and pasted 1) HMRC has advised that agents should not use client credentials to apply for grants in behalf of clients and that doing so may trigger HMRC fraud checks and delay payment. Using client credentials is, in most circumstances, a breach of Professional Conduct in Relation to Tax (P...	Cheshire	2	369	Wed May 6 11:53 2020 by Leger
	Furlough - Anyone charging extra for this ? (Preview) Is anyone charging extra for this ? The reason I ask is one of my VAT clients who has their accountant do PAYE for them has reported being charged an additional £90.00 per month to process 3 x employees. Am I missing something here ? I have not charged any of my PAYE clients for this, feeling that as we ar...	haymac	7	512	Wed May 6 10:06 2020 by Cheshire
	General Journal Questions (Preview) Good afternoon everyone, New to the forum so I hope my post is allowed? Having a mental block with regards to raising a journal. We have received an invoice from an associate dated 1st May, which contains work done both this month (May) and last month (April) I was going to raise a reversing journal to a...	Nocturnal Wolf	5	502	Tue May 5 16:29 2020 by Cheshire
	HMRC email on SEISS (Preview) Hi all Just got an email from HMRC concerning the SEISS and asking for us as accountants to help by supporting our clients and advising them on the scheme, they want us to contact them and talk them through it all, I have nearly 50 clients and they want me to contact every one Because none of us are busy are...	Artois	4	413	Tue May 5 10:34 2020 by haymac
	owner paying with cash (Preview) Hi Everyone, I hope you are all well. My client ( a sole trader) paid for a small business expense out of his own pocket. I have an invoice with input vat that I would like to claim. In sage 50 I have recorded with invoice in the supplier account. How do I pay this supplier to reflect the payment. (ie I ca...	Paulraff	10	541	Mon May 4 18:56 2020 by Cheshire
	Rental Income / Property Management (Preview) Hi everyone, I'm looking at the possibility of starting a simple partnership with my wife to roll all rental income and property management expenses into one 'pot' which could be split based on the actual work we each put in to the rentals. HMRC have responded to an enquiry saying "yes it is possible to...	King SuPah	7	488	Mon May 4 16:40 2020 by King SuPah
	Spam spam spam spam..... (Preview) I would like to introduce myself as spamming f*ckwitI told everyone that I was in the Panama City in Florida in the United States. Sometimes it gets so hard to remember what it looks like outside when one is stuck in a click farm all day, so imagine my surprise when I looked out of the Window and it was actua...	arksstechexpert	7	614	Mon May 4 14:12 2020 by Shamus
	VT Final accounts (Preview) Hi all I wanted to get VT final accounts, at the moment I have VT+ but just on the one off payment not the subscription, can I just download the final accounts or do I need to download the whole package, I don't want to delete all my current clients and records which I was worried would happen if I run the new...	Artois	5	415	Fri May 1 07:29 2020 by Artois
	Electricity bill in Management Accounts (Preview) I am currently doing some voluntary accounts which used to be done on a Cash Book on Excel. I am trying to put these into Sage. I am trying to do Management accounts so use accruals and pre-payments. I have an electricity bill from EDF in February 2019, £443.29 relating to period 27th August 2018 - 7th Feb...	WinterWhite	1	262	Thu Apr 30 14:51 2020 by Cheshire
	New style CBILS (Preview) Morning all. News is starting to filter through following the lastest announcement yesterday about the revised/new CBILS loans with the 100% guarantee. £50k or 25% of turnover, whichever is the lower. Due to be released Monday 4 May (thank goodness they move the Bank holiday!) Cannot take out one o...	Cheshire	8	546	Thu Apr 30 14:44 2020 by johnhemming
	AAT Bookkeeping Licence BUT ACCA student - Can I still practice Bookkeeping as an AATQB?? ACCA AAT Bookkeeping Startup Practice (Preview) Hello! I'm looking into how to start up a little Bookkeeping side hustle but I am confused as to whether I am actually allowed to or not? I completed AAT Level 4 studies a couple of years ago and moved straight on to ACCA which is what I am currently studying now. I have just recently submitted and received...	CuriousBean	5	829	Mon Apr 27 11:42 2020 by Cheshire
	Starting own business (Preview) Good afternoon, I would be grateful for any advice that can be offered. I am keen to start my own accountancy company. I have completed AAT and ACCA and currently work as an Finance Director in industry. My plan is to run an outsourced finance department, covering in management accounting,...	kels74	2	488	Sat Apr 25 10:24 2020 by Cheshire
	Chartered Accountant from India wants an association (Preview) we are a chartered accountants firm based in India and want to do online book keeping. we have no knowledge of law but full aware of accountancy. we want to associate with a frim for procuring this work. is any body interested or guide us in this regard	ca_malik	2	1912	Tue Apr 21 20:51 2020 by Shamus
	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	2	311	Tue Apr 21 18:02 2020 by GCW
	Small Business Grant (Covid-19 relief) (Preview) My company has just received £10,000 from the local authority under the small business grant fund scheme. I know that FRS102 (section 24) covers grants - in the context of them being either revenue or capital related. As far as I can see the SBGF falls in neither of these categories but is 'universal'...	Michael C	3	499	Sat Apr 18 12:35 2020 by Casu
	bank reconciliation (Preview) Good morning. I hope you are not suffering too much with the current coronavirus crisis and that this request for help is not inappropriate at this time. I would be very grateful for some help with my husband's business bank reconciliation as I don't have much experience. The customers account (...	atterol	5	292	Thu Apr 16 13:35 2020 by Casu
	Opening stock (Preview) Hi could anyone please tell me how I enter an opening stock figure for a new company into sage instant accounts. Thanks	pargrey	6	542	Wed Apr 15 13:43 2020 by pargrey
	manufacturing account and actual overheads (Preview) Hi guys I am recently studying manufacturing account. In my exercise I have raw materials account with 8000 debit balance. 5000 worth of raw materials left raw materials account on credit side and 3000 went to work in process acount on debit side and 2000 went to manufacturing overhead account also...	rafapak	5	554	Tue Apr 14 09:45 2020 by rafapak
	normal losses and abnormal losses (Preview) Hi I know that abnormal loss should be valued just like output is valued , at full cost but I have troubles to find the reason why it should be valued like this. Normal loss can be defective unit of production and no value is given to this unit (I excluded scrap value here). Abnormal loss can also be defecti...	rafapak	0	223	Mon Apr 13 20:48 2020 by rafapak
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