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

McSpurren · McSpurren

Hi guys, I graduated from uni with a BA in Accounting in November past. I am trying to start my own bookkeeping business as I have loads of time as I wait for arrival of a bambino. I have bought the "bookcert business start up kit" but am worried that the degree and this business insight won't be...

winford · winford

My client has just purchased a going concern business, and there is some goodwill included in the purchase price. How do I account for this in the accounts? Many thanks. Winford

Nimac · Nimac

I am doing the accounts for a dental practice, they have several self-employed dentists working there. My question is how to enter the payments that are made to them. Would they be classed as a direct expense and recorded in the 6000 nominal range given they are self-employed. Thanks.

lil miss · lil miss

hi, I've happily been reconciling bank rec each month, have got to Dec 08 and matched everything down to NIL difference but when I click the 'reconcile' button Sage wont update the entries as reconciled! It just doesnt do anything when I press the button.... It lets me save the rec, but not post it..its...

Amanda · Amanda

Hi Everyone, Capital introduced in SAGE V12 Instants should I set up a new code on the 3000 range on SAGE and I presume its a Bank receipt as money is going into the Bank. Any help would be appreciated. Kind regards A x

Amanda · Amanda

Hi, If you need to put an adjustment in at the beginning of a reconcilliation, its only about £150 difference to the bank statement, this is the start of the year, what nominal code would you post it too. I have found a code in the 7000 range which is called adjustments but does this relate to wages etc. Thi...

mj · mj

Hello New to this site and just starting out in bookkeeping. I wonder if anyone could help me with this query? How does deferred income work? Say a sole trader wants to defer income in year-end accounts because the invoices were only issued within the last few days of the tax period. An entry would be mad...

downfield pay · downfield pay

Self employed client is putting through £10 per week as a round sum for pay-as-you-go mobile phone costs and (so far) has not provided receipts. Would this likely raise any questions from HMRC on inspection? I can't find any specific enough guidance on the HMRC website - plenty on employees and BIK e...

JoBooth · JoBooth

Hi everyone, Just needed some help with a new client of mine, the work is done on Sage but the creditors and debtors are in a mess. I need to clear the balances but not sure where to post the dummy invoices and credit notes to. For example, if a purchase invoice was posted to training, it must have been paid b...

Amanda · Amanda

Hi Everyone, Just a quick question, if a client transfers some money into his business account from a personal account thats not linked to the business, do I post it to Shared Captial Account, or do I list it as Misc income?? Or one last thought do I list as drawings, because technically it was taken out o...

Maria Beaton · Maria Beaton

Hi Just a couple of questios I wondered if anyone could help with: How would I post any business mileage payments onto Sage for a sole trader. I know that is paid at 40p/m but wasn't sure how to post this onto Sage. Also the same goes for how I post for any allowance towards elec/gas for a sole trader operati...

g4fne · g4fne

Hi Folks .... i've just found this forum & hoping i can get some advice. I have lots of questions ,,,, so please be patient A quick background of myself. I'm 36 years of age ex-financial advisor & estate agent. In 2002 i had to withdraw from work, to become my wifes full time carer as she was diagno...

DOWGILE · DOWGILE

Hi I have a client who made a claim on his insurance regarding some damage done during a job. He bought the materials worth £1700 personally for the customer then received the insurance claim (£1750) and lodged it in the business bank account. He then transferred £1700 from the business bank...

Sweden · Sweden

Hi, hope someone can help. I work for a charity and am attempting to do the end of year accounts. We've ended our 2008 year with a loss (ie owed money to several customers) but plan to pay these bills from our 2009 funding. How do I record this at the end of 2008 financial year so that we start a deficit for 20...

luci · luci

Hi all, hope you are all okay. Just need to vent my worry really... as a self employed person i have filled in many tax returns in my life so ordered the level 3 exam from the icb only to find myself completely stuck,stressed and panicked!!! After searching the internet for hours for some help or guidance...

McSpurren · McSpurren

Looking for some advice please! I currently hold a BA in Accounting but after being forced to quit my job as a trainee accountant for falling pregnant I have decided to try a home business of bookkeeping. With the degree am I worthwhile doing bookkeeping qualifications or should I do something like Bo...

brog13 · brog13

Hi All I wondered how other bookkeepers quote for new business? I have no problem with my regular weekly/monthly accounts. But how do others quote when someone phones up and asks how much it would cost to do their annual accounts, and they describe the 'box' of receipts they have, and you just know it wi...

terriwardell · terriwardell

I wonder if anyone can help? I have been doing the books for a Ltd company since July 08. They told me their accounting year started April (they had already been using Sage) so I tidied up their accounts on Sage & continued using. I did a year end for April 08 & then started a new year up to date. ...

Emma · Emma

Good morning, Could anyone please explain the correct procedure for debt recovery? We are now looking to take further action from just phone calls and don't know the correct process. Please help!!

Nimac · Nimac

I am dealing with a client who has affiliate companies and needs to set up links between these companies in terms of bookkeeping. I believe this is done by way of intercompany accounts????? Can anybody give me a few pointers on how to set this in the chart of accounts and any other infomation. I am using S...

Topic		Started By	Replies	Views	Last Post
	Is a degree in accounting enough experience? (Preview) Hi guys, I graduated from uni with a BA in Accounting in November past. I am trying to start my own bookkeeping business as I have loads of time as I wait for arrival of a bambino. I have bought the "bookcert business start up kit" but am worried that the degree and this business insight won't be...	McSpurren	2	1769	Mon Feb 23 18:02 2009 by Julie
	How do I account for purchased goodwill? (Preview) My client has just purchased a going concern business, and there is some goodwill included in the purchase price. How do I account for this in the accounts? Many thanks. Winford	winford	3	8460	Fri Feb 20 16:29 2009 by nadeem786
	postings for dental associates. (Preview) I am doing the accounts for a dental practice, they have several self-employed dentists working there. My question is how to enter the payments that are made to them. Would they be classed as a direct expense and recorded in the 6000 nominal range given they are self-employed. Thanks.	Nimac	3	2166	Thu Feb 19 18:51 2009 by Mary
	Sage instant V14 - Strange bank rec issue!! please help! (Preview) hi, I've happily been reconciling bank rec each month, have got to Dec 08 and matched everything down to NIL difference but when I click the 'reconcile' button Sage wont update the entries as reconciled! It just doesnt do anything when I press the button.... It lets me save the rec, but not post it..its...	lil miss	1	2375	Tue Feb 17 13:41 2009 by Julie
	Capital Introduced on SAGE V12 instants (Preview) Hi Everyone, Capital introduced in SAGE V12 Instants should I set up a new code on the 3000 range on SAGE and I presume its a Bank receipt as money is going into the Bank. Any help would be appreciated. Kind regards A x	Amanda	4	5261	Mon Feb 16 20:23 2009 by Amanda
	Bank Adjustment on SAGE V12 instants (Preview) Hi, If you need to put an adjustment in at the beginning of a reconcilliation, its only about £150 difference to the bank statement, this is the start of the year, what nominal code would you post it too. I have found a code in the 7000 range which is called adjustments but does this relate to wages etc. Thi...	Amanda	1	2618	Mon Feb 16 09:55 2009 by TraceyAnn
	Deferred Income Query (Preview) Hello New to this site and just starting out in bookkeeping. I wonder if anyone could help me with this query? How does deferred income work? Say a sole trader wants to defer income in year-end accounts because the invoices were only issued within the last few days of the tax period. An entry would be mad...	mj	5	6193	Tue Feb 10 08:11 2009 by AccountantsCircle
	Round sum on PAYG mobile (Preview) Self employed client is putting through £10 per week as a round sum for pay-as-you-go mobile phone costs and (so far) has not provided receipts. Would this likely raise any questions from HMRC on inspection? I can't find any specific enough guidance on the HMRC website - plenty on employees and BIK e...	downfield pay	1	2098	Thu Feb 5 07:23 2009 by Dustin57
	How To Clear Debtor and Creditor Balances (Preview) Hi everyone, Just needed some help with a new client of mine, the work is done on Sage but the creditors and debtors are in a mess. I need to clear the balances but not sure where to post the dummy invoices and credit notes to. For example, if a purchase invoice was posted to training, it must have been paid b...	JoBooth	3	4606	Sat Jan 31 11:32 2009 by JoBooth
	Capital Introduced (Preview) Hi Everyone, Just a quick question, if a client transfers some money into his business account from a personal account thats not linked to the business, do I post it to Shared Captial Account, or do I list it as Misc income?? Or one last thought do I list as drawings, because technically it was taken out o...	Amanda	2	6208	Tue Jan 27 20:07 2009 by Amanda
	Business Mileage (Preview) Hi Just a couple of questios I wondered if anyone could help with: How would I post any business mileage payments onto Sage for a sole trader. I know that is paid at 40p/m but wasn't sure how to post this onto Sage. Also the same goes for how I post for any allowance towards elec/gas for a sole trader operati...	Maria Beaton	1	2921	Tue Jan 27 10:10 2009 by Fay
	Self Employed Book-Keeping Career Advice Please ?? (Preview) Hi Folks .... i've just found this forum & hoping i can get some advice. I have lots of questions ,,,, so please be patient A quick background of myself. I'm 36 years of age ex-financial advisor & estate agent. In 2002 i had to withdraw from work, to become my wifes full time carer as she was diagno...	g4fne	1	2468	Tue Jan 27 07:22 2009 by Accountsguy
	Posting of Insurance Claims and VAT (Preview) Hi I have a client who made a claim on his insurance regarding some damage done during a job. He bought the materials worth £1700 personally for the customer then received the insurance claim (£1750) and lodged it in the business bank account. He then transferred £1700 from the business bank...	DOWGILE	2	2418	Fri Jan 23 16:33 2009 by DOWGILE
	Year End Loss (Preview) Hi, hope someone can help. I work for a charity and am attempting to do the end of year accounts. We've ended our 2008 year with a loss (ie owed money to several customers) but plan to pay these bills from our 2009 funding. How do I record this at the end of 2008 financial year so that we start a deficit for 20...	Sweden	2	1799	Wed Jan 21 11:38 2009 by Sweden
	Self assessment Level 3 ICB (Preview) Hi all, hope you are all okay. Just need to vent my worry really... as a self employed person i have filled in many tax returns in my life so ordered the level 3 exam from the icb only to find myself completely stuck,stressed and panicked!!! After searching the internet for hours for some help or guidance...	luci	4	2922	Tue Jan 20 11:46 2009 by wesker
	Qualification or Bookcert? (Preview) Looking for some advice please! I currently hold a BA in Accounting but after being forced to quit my job as a trainee accountant for falling pregnant I have decided to try a home business of bookkeeping. With the degree am I worthwhile doing bookkeeping qualifications or should I do something like Bo...	McSpurren	3	2198	Fri Jan 16 14:34 2009 by Tony1978
	Quotes for bookkeeping (Preview) Hi All I wondered how other bookkeepers quote for new business? I have no problem with my regular weekly/monthly accounts. But how do others quote when someone phones up and asks how much it would cost to do their annual accounts, and they describe the 'box' of receipts they have, and you just know it wi...	brog13	5	5007	Fri Jan 16 14:21 2009 by Silly Digits
	SAGE - changing the accounting year (Preview) I wonder if anyone can help? I have been doing the books for a Ltd company since July 08. They told me their accounting year started April (they had already been using Sage) so I tidied up their accounts on Sage & continued using. I did a year end for April 08 & then started a new year up to date. ...	terriwardell	4	3033	Thu Jan 15 20:35 2009 by terriwardell
	Debt Recovery (Preview) Good morning, Could anyone please explain the correct procedure for debt recovery? We are now looking to take further action from just phone calls and don't know the correct process. Please help!!	Emma	2	5348	Wed Jan 14 15:36 2009 by Mary
	intercompany accounts (Preview) I am dealing with a client who has affiliate companies and needs to set up links between these companies in terms of bookkeeping. I believe this is done by way of intercompany accounts????? Can anybody give me a few pointers on how to set this in the chart of accounts and any other infomation. I am using S...	Nimac	5	11249	Mon Jan 12 08:46 2009 by AccountantsCircle
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