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

PamelaG · PamelaG

I have been asked how to account for second hand items bought to resell which do not come with a receipt? How would I account for this in the books? Thanks and apologies if this is a silly question quite new to the game on my own and bit unsure!

Apollo · Apollo

Hi Everyone! I have a quandry. If you are presented with quarterly sales revenue results and you are asked to adjust these to take a/c of price rises based on an index, due you just inflate results relative to base period, or discount back to base period, to give true value of raw data? EG: Base Index: 151...

Nikki P · Nikki P

Is it an accounting practice, or accountancy practice?

yar trams · yar trams

Hey all... Just wondering if any of you have a clue how to set the rate? I know it changes all the time but I would love to know how to actually change the rate as needed.

Marky65 · Marky65

Hi again I know I should know the answer to this but that doesn't help finding the answer. I am just completing a set of management accounts and I need to post a journal for the directors dividends that they have declared to pay themselves during the current year. Do I Dr Dividends (P&L) Cr Directors...

CGA Bookkeeping Services · CGA Bookkeeping Services

Has anyone experience of any of the courses offered by Payroll Alliance (part of Lexis Nexis)? We recently became a member and one of the guys is interested in studying for the Diploma in Payroll Management.

lor · lor

I have entered auth code for client, but forgot to get do the 64-8 what can I do now!!!!!!!, I think i have completely messed up!!!now i can't send it!

philippawatt · philippawatt

Hello, I have had an enquiry from a business in Ireland who want me to complete their books monthly. I have trained and qualified in England, are there different regulations for book-keeping e.g. VAT rules etc. in Ireland or are they similar to that of the UK?? Any advice will be appreciated. Kind...

Ita · Ita

Hello Everbody! I'm working for a small window contracting company that does not have an inventory. They pick up their windows from suppliers and deliver them to customers. I record every purchase through a purchasing account. It happens that the company made a mistake on one of their orders and n...

gerry · gerry

Hi there Having read a few posts recently I wonder are all clients a little bit dishonest in one way or another. I don't mean really dodgy,(although I think there are those too) I mean the pretty legal client, who tries to do most things by the book, but also tries to slip the odd cash sale in or ways to avoid...

Pegs · Pegs

I'm sure these kind of posts appear on here all the time but I am coming to the end of my AAT Level 4 and my youngest child is off to Nursery in a couple of months leaving me with a bit more spare time. With that spare time I would like to start working on setting up my own business as a bookkeeper to sole traders a...

lor · lor

I am now having a bit of a rest, and just working full time employed with one monthly customer in my self employed work, I do hope to get more soon but am appreciating the rest lol how is everyone else getting on, are u over the jan rush! -- Edited by lor on Saturday 6th of February 2010 02:34:12 PM

Wella · Wella

I'd like to once more dip my toe into this great pool of knowledge. Can any one tell me, if, when working out the liquidity ratio/ acid test ratio of a partnership, are the partners current accounts classed as current liabilities (assuming credit balances) and included in the current liabilities...

Pegs · Pegs

I am hopefully taking over the accounts of a small business, but they are in a bit of a mess. There is limited records of previous transactions, debtors, creditors etc and his previous attempt at keeping records is poor. So need to overhaul his whole system. This is my first proper client and am keen t...

Marky65 · Marky65

Hi I have a client who is registered self employed and they have been offered and accepted a job as an employee, they will continue with their self employed work. They have been given a p46 to complete and have asked me which box a, b, or c should they tick. I think it is c as they do have another job albeit not...

Amanda · Amanda

Hi Everyone, Just wondering can I claim paying for a Payroll exam as expenses??? Would this be classed as continuous learning??? Its only £41, but if claimable then I would claim it as will then help to reduce next years Tax bill!!! Used to do Computerised Payroll but decided to learn the Manual side...

Doug12 · Doug12

Hi all, I am hoping someone would be good enough to clarify something to me about drawings that are made from a business account. At the end of the year would the drawings figure come off the profit figure or would it be taken off later. i have been thinking about it and i am sure it would be afte...

lor · lor

Hi All, if a self employed/employed person received money from a relative that has died, then would that mean that they would have to declare this under income, what has happened is they received about 8k, used 2k to pay off overdraft, put the max they could into an isa 3.6k then the remainder into a savi...

Jane · Jane

I have a client who has a self contained annex to her home which she rents out as a holiday let as well as having B&B in her own home. I assume the annex should be treated as furnished holiday lettings and the B&B treated as a self employed business. Realise this may sound like a simple question bu...

ProBowlUK · ProBowlUK

Hi I've been having a problem with some "pre-course" excersises. By default, Excel seems to round up. As far as I know, VAT is always rounded down. How do you get around this ? cheers

Topic		Started By	Replies	Views	Last Post
	Accounting for stock without receipts? (Preview) I have been asked how to account for second hand items bought to resell which do not come with a receipt? How would I account for this in the books? Thanks and apologies if this is a silly question quite new to the game on my own and bit unsure!	PamelaG	10	2700	Sat Feb 20 12:52 2010 by Shamus
	Adjusting Sales Revenue [in questions] to Take a/c of Price Rises (Preview) Hi Everyone! I have a quandry. If you are presented with quarterly sales revenue results and you are asked to adjust these to take a/c of price rises based on an index, due you just inflate results relative to base period, or discount back to base period, to give true value of raw data? EG: Base Index: 151...	Apollo	5	1682	Thu Feb 18 15:31 2010 by Shamus
	Silly Question? (Preview) Is it an accounting practice, or accountancy practice?	Nikki P	3	1789	Thu Feb 18 13:26 2010 by RobH
	Casio MS-80VER - How do you set the Euro conversion? (Preview) Hey all... Just wondering if any of you have a clue how to set the rate? I know it changes all the time but I would love to know how to actually change the rate as needed.	yar trams	1	17549	Thu Feb 18 11:24 2010 by Shamus
	Directors Dividends (Preview) Hi again I know I should know the answer to this but that doesn't help finding the answer. I am just completing a set of management accounts and I need to post a journal for the directors dividends that they have declared to pay themselves during the current year. Do I Dr Dividends (P&L) Cr Directors...	Marky65	4	1693	Wed Feb 17 08:41 2010 by Marky65
	Payroll Alliance (Preview) Has anyone experience of any of the courses offered by Payroll Alliance (part of Lexis Nexis)? We recently became a member and one of the guys is interested in studying for the Diploma in Payroll Management.	CGA Bookkeeping Services	9	3552	Mon Feb 15 22:54 2010 by CGA Bookkeeping Services
	no 64-8 (Preview) I have entered auth code for client, but forgot to get do the 64-8 what can I do now!!!!!!!, I think i have completely messed up!!!now i can't send it!	lor	14	12573	Mon Feb 15 18:40 2010 by lor
	Book-keeping in Ireland (Preview) Hello, I have had an enquiry from a business in Ireland who want me to complete their books monthly. I have trained and qualified in England, are there different regulations for book-keeping e.g. VAT rules etc. in Ireland or are they similar to that of the UK?? Any advice will be appreciated. Kind...	philippawatt	12	8800	Mon Feb 15 14:30 2010 by Shamus
	losses (Preview) Hello Everbody! I'm working for a small window contracting company that does not have an inventory. They pick up their windows from suppliers and deliver them to customers. I record every purchase through a purchasing account. It happens that the company made a mistake on one of their orders and n...	Ita	2	4631	Sun Feb 14 12:21 2010 by lor
	Are all clients a little bit dishonest. (Preview) Hi there Having read a few posts recently I wonder are all clients a little bit dishonest in one way or another. I don't mean really dodgy,(although I think there are those too) I mean the pretty legal client, who tries to do most things by the book, but also tries to slip the odd cash sale in or ways to avoid...	gerry	7	2391	Fri Feb 12 12:36 2010 by Amanda
	Advice on setting up as a bookkeeper please! (Preview) I'm sure these kind of posts appear on here all the time but I am coming to the end of my AAT Level 4 and my youngest child is off to Nursery in a couple of months leaving me with a bit more spare time. With that spare time I would like to start working on setting up my own business as a bookkeeper to sole traders a...	Pegs	18	8491	Thu Feb 11 16:46 2010 by chellawson
	is happy the jan rush is over! (Preview) I am now having a bit of a rest, and just working full time employed with one monthly customer in my self employed work, I do hope to get more soon but am appreciating the rest lol how is everyone else getting on, are u over the jan rush! -- Edited by lor on Saturday 6th of February 2010 02:34:12 PM	lor	15	5424	Thu Feb 11 16:11 2010 by Julie
	Liquidity Ratio/ Acid Test Ratio (Preview) I'd like to once more dip my toe into this great pool of knowledge. Can any one tell me, if, when working out the liquidity ratio/ acid test ratio of a partnership, are the partners current accounts classed as current liabilities (assuming credit balances) and included in the current liabilities...	Wella	9	4606	Wed Feb 10 14:23 2010 by Wella
	Accounts in a mess (Preview) I am hopefully taking over the accounts of a small business, but they are in a bit of a mess. There is limited records of previous transactions, debtors, creditors etc and his previous attempt at keeping records is poor. So need to overhaul his whole system. This is my first proper client and am keen t...	Pegs	5	5380	Mon Feb 8 22:23 2010 by stephen72
	Self employed & p46 (Preview) Hi I have a client who is registered self employed and they have been offered and accepted a job as an employee, they will continue with their self employed work. They have been given a p46 to complete and have asked me which box a, b, or c should they tick. I think it is c as they do have another job albeit not...	Marky65	3	12751	Mon Feb 8 17:16 2010 by BackOfficeGroup
	Can Paying for an exam count as expenses??.. (Preview) Hi Everyone, Just wondering can I claim paying for a Payroll exam as expenses??? Would this be classed as continuous learning??? Its only £41, but if claimable then I would claim it as will then help to reduce next years Tax bill!!! Used to do Computerised Payroll but decided to learn the Manual side...	Amanda	2	4278	Sun Feb 7 22:01 2010 by Amanda
	Drawings (Preview) Hi all, I am hoping someone would be good enough to clarify something to me about drawings that are made from a business account. At the end of the year would the drawings figure come off the profit figure or would it be taken off later. i have been thinking about it and i am sure it would be afte...	Doug12	4	5810	Fri Feb 5 11:16 2010 by Doug12
	inheritance money (Preview) Hi All, if a self employed/employed person received money from a relative that has died, then would that mean that they would have to declare this under income, what has happened is they received about 8k, used 2k to pay off overdraft, put the max they could into an isa 3.6k then the remainder into a savi...	lor	6	6904	Tue Feb 2 20:45 2010 by lor
	Furnished holdiay letting & B&B in same house - how do you treat it? (Preview) I have a client who has a self contained annex to her home which she rents out as a holiday let as well as having B&B in her own home. I assume the annex should be treated as furnished holiday lettings and the B&B treated as a self employed business. Realise this may sound like a simple question bu...	Jane	3	2153	Tue Feb 2 11:12 2010 by Jane
	Rounding on Excel spreadsheets (Preview) Hi I've been having a problem with some "pre-course" excersises. By default, Excel seems to round up. As far as I know, VAT is always rounded down. How do you get around this ? cheers	ProBowlUK	6	8068	Mon Feb 1 13:40 2010 by Shamus
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