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Directors salary
(Preview)
Hi everybody. I have recently taken over the payroll for a dental practice from a previous bookkeeper and am starting the year end process now. The owner of the practice pays himself a certain salary every month, i can see this from the bank statements however it is not showing in the sage payroll pack...
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Nimac
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4
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3674
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Host Family Income
(Preview)
Does anybody know how much you can earn being a host family to a foreign student. Duration 28 days. Is this taxable income?
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Silly Digits
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2
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7459
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bank reconciliation
(Preview)
To whom it may concern: It is my first posting on this forum. I am an accounting student currently doing bookkeeping for my friend who just started her own business. Because she doesn't have enough funds on her newly opened business account (and she can't arranged a line of credit for that account) she...
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Ita
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3
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2538
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Annual Investment Allowance
(Preview)
I have a client who is a self employed sole trader. Year end is 28 February 2009 I had included capital allowances in his 2007-8 return for his van/tools etc. As from 6 April 2008 HMRC introduced Annual Investment Allowance. Just getting that hang of things, nevermind. I understand a limit of £500...
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Silly Digits
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1
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3357
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Help closin g an account !!
(Preview)
Hello just starting a course level icb 1 and came accross an account i had to close but has money outstanding cant find how to write this! mr 1 bought goods for £2000 on credit on jan 1st, then pays £1000 on 15th jan. leaves £1000 outstanding how do i close this ?? DOUBLE ENTRY HELP!! sorry to shout. Please a...
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katew
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2
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1894
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Pub bookkeeping (vat question) - help needed?
(Preview)
I have just started doing the books for a pub (using Sage). The pub is VAT registered - I am ok with the supplier invoices. What I would like to know is when entering the takings - cash/cheque & cr cards, do I have to take the gross figures, work out the vat & then include net figure (to ensure that w...
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terriwardell
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2
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5442
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limited company ceased trading
(Preview)
I am a bit confused on preparing the accounts for a company that ceased trading prior to its year end. Will i prepare a full statement up to year end, or just up to date that it ceased trading? There are no fixed assets to start with, and only few creditors. Will it be in comparatives? please help.
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lola112705
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2
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3669
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lease agreement
(Preview)
My client has a lease agreement for some equipment, a fixed amount of money being paid to the leasing company over a fixed amount of time. I am familiar with the process of recording a loan in Sage but was just wondering if a lease agreement was any different. Thanks. Nigel.
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Nimac
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1
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2703
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Home Use Adjustments
(Preview)
Hi How do you process home use adjustments, say £2 a week? Would it be DR Home expenses and CR cash/bank so that the amount is physically paid to the person concerned or is it ok just to adjust the accounts by DR Home expenses and CR the P&L? Many thanks for your help! Wendy
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Wendy_BK
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3
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1872
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Help with when client registered as a limited company.
(Preview)
Hi I have just picked up a book-keeping job. The company started trading as a limited company from 4th July 2008. However the bank account was opened March 08 when it was a sole trader up until 4th July. I have all the records to enter onto SAGE. Do I treat the sole trader expenses as pre-trading expen...
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kc
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2
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2178
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petrol expenses for Limited Company
(Preview)
hi I do the book-keeping for a limited company. The directors car is not in the accounts as an asset. She does not do much mileage for business as she mainly works from home but she does do some. Should she be keeping a track of what business journeys she does do and the miles and then I can calculate a cos...
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kc
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2
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2925
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A quick question for you
(Preview)
A ltd company that has just been set up and one of the directors has just put 50k in the bank acc. Accounts are being entered onto sage instant accounts. Do you dr bank and cr directors loan acc? If this is right do you have to set up a nominal code for this? Which code would be best to use?
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Ami
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2
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2089
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Accrual Accounting - what is it??
(Preview)
Hi, Wonering if someone could help? I was looking on some info about accrual accounting. I am doing a question on my course at the moment and it wants me to use the accrual accounting method but i have never done this before so don't know what kind of entries to do? I think I got the prepayment sorted out...
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missscotia
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2
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1880
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breakeven point
(Preview)
I have just started doing a clients books in the last few weeks and am getting a handle on his income and expenditure. He wants me to help him work out how much he needs to be earning to breakeven and from that set targets for his staff. I have done income and expenditure analysis before so will be able to he...
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Nimac
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1
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4946
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Credit Note - CIS
(Preview)
I am rarely do credit notes and cannot get my head around something, would anyone be so kind as to advise me? I will explain it as simply as possible but appreciate it may be difficult to advise on something so specific, I have attached the C/N workings so far! I need to issue a credit note on an invoice tha...
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hamster_tango
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1
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7006
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Ways of gaining experience
(Preview)
Hello, this is my first post on any bookkeeping forum as i could do with some advice. From the posts i've read so far there seems to be a number of forum members who are new to bookkeeping so i'm sorry if this question has been asked before. Basically I finished the AAT Technician in December and have sta...
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GLegend
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2
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3681
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Exemptions from ICB
(Preview)
Hello all, I am hoping to start a bookkeeping business at home. I am already employed full-time and was hoping to do this part-time focusing on sole traders and then hopefully move on to bigger things. I did my AAT foundation and intermediate level about seven years ago but not the Advanced level. No...
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Balina
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1
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2407
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messy accounts
(Preview)
I have been bringing the books up-to-date on a business for a client that started about 2 months before he contacted me. The method of bookkeeping he employed was fairly erractic so i have had to do a lot of digging around to balance everything - not a lot of fun!!! It turns out he guessed his staffs net wa...
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Nimac
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3
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2524
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I am new in UK having Intermediate Level Accounting (No Computerised)
(Preview)
Hi Friends its really nice being with you all fellows here, please I need HELP HELP HELP well friends I am new in UK and seeking job but still no success,Although I have Intermediate Level Bookkeeping Study, Wherever I apply for the post of Bookkeeper or assistant bookkeeper or bookkeeping clerk I,m h...
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nadeem786
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2
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2072
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Career Change
(Preview)
I have passed AAT Certificate in Bookkeeping Level 2, City & Guilds Certificate in Computerised Accounts Level 2, ACCA-CAT Introductory Certificate and I am studying towards the ACCA-CAT Intermediate Certificate. I want to Become Self Employed Bookkeeper. Can I use the above qualificat...
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kboansi1
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3
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2160
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