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

JoBooth · JoBooth

Hi, My client has given me some Orange mobile phone invoices but they are in his personal name, not his company. He is not VAT registered but can I still post his invoices onto Sage or should he just take a proportion? Thanks, Jo

JoBooth · JoBooth

Hi all, I have a client who just set up a year ago and for the first few months, they used their personal bank account and also paid by card from their personal account since. If I have posted purchase invoices which were paid from the personal bank account, how do I pay them off on Sage against the persona...

Summer · Summer

Having a bit of a blonde moment here, but I've just upgraded to Sage Line 50 multicompany at a cost of £850, and I'm not sure whether I should treat it as an expense or a capital item. Obviously I intend to keep it for a few years and would normally capitalise such a large amount, but I'm always reluctant to c...

Boobella · Boobella

My builder client has started a new scaffolding business. He puts up scaffolding for other builders at their sites. My client has bought a substantial amount of scaffolding. What I need to know is whether the scaffolding is classed as a fixed asset or a cost of sale purchase in the accounts? Thanks, Jo...

Bengi · Bengi

Hi, I've got a new client who has set up a van rental business. I'm putting together his accounts for the first 6 months, and I'm not sure how to correctly account for my clients motor/van repairs. Normally I would put any motor expenses including repairs to the general motor expenses account. Since my...

Turner · Turner

Hi everyone, I'm new to this forum, and also just started up as a self-employed bookkeeper. Forgive me if the following question is obvious, it's just that I don't want to make a mistake with my first clients accounts! I'm putting together the accounts for my client for the 3 months to September 07...

robbiew · robbiew

When it's time to hand your clients bit & pieces to their accountant, how do they generally prefer to receive it..as excel spreadsheets on disk or hard copies? Thanks!

philippawatt · philippawatt

This is probably a very silly question but can you reclaim VAT on concert tickets? I am thinking probably not but I can't find a definate answer and my mind has gone blank, it's been a long day! Philippa

philippawatt · philippawatt

A client always gives me a spreadsheet with an expense breakdown inc mileage, lunch receipts, parking tickets, etc. that they have paid for personally, they then write themselves a cheque from the business a/c to pay these back. How do I deal with the expense receipts received and can they claim th...

Jude · Jude

Good morning everyone (nearly the weekend now!) One of my clients has applied for and successfully received a grant towards his website costs. The amount received was £500. How do I account for this money in the books? Do I put the amount to other income, or some other account? Not sure what I need to do....

DenS · DenS

Hi Can anyone explain how I reconcile cheque payments which haven't cleared, but were drawn and accounted for in the previous financial year, in the next financial year? I know I need to do something next year, but I don't want to duplicate the payment which has already been accounted for. Just ca...

Kim1960 · Kim1960

A client I prepare the books for has recieved a cheque from their insurance company for a stolen in car GPS. How do i treat this in the books. What do I need to debit and credit? Any help would be appreciated! Thanks Kim

Terry · Terry

Hi Everyone Im new to this but was wondering, could someone please tell me how to carry out a Balance Sheet Rec? Thanks! Terry

Kim1960 · Kim1960

Good afternoon everyone! I've just obtained a new client and they've just given me their records for the month. First time I've come across this and I'm stumped, so if poss I need some help! My client uses a personal credit card for his business (he's a gardener). Obviously I can put through the books a...

MattL · MattL

When accounting for depreciation monthly, would it be reasonable to average the depreciation over the 12 months, or not? So, in the case of: Van Cost - £20000 Depreciation Rate - 25% (Reducing Balance method) Would it be acceptable to depreciate in 12 equal monthly amounts of £416.67 (£5000 / 12)...

Gomez · Gomez

I need to calulate a month end exchange difference on supplys purchased from Italy. I need historic rates for euro to sterling, yet I can't find a resource on the web for them. Can anyone point me in the right direction? Cheers! -- Edited by Gomez at 12:33, 2007-04-11

Wendy · Wendy

Hi there I'm just in the process of reconciling my clients bank a/c and I've got a difference of exactly £108? The actual bank balance per the bank statement is £27,563. O/s lodgments and payments are net £5,536. I've no idea how to find the difference. There are no regular payments for this amount e...

MattL · MattL

Hi all. I'm a newbie on here, but so glad I found this forum. I've recently received confirmation that I've passed my IAB level 3 exams, and now there is nothing preventing me from starting my Bookkeeping business. However, I am really panicked over the possibility of clients not providing all sourc...

beencounter · beencounter

Hi to everyone on the forum! My client has an invoice for the purchase & installation of a fire alarm system. Should this go to plant and machinery or furniture and fixtures? Or would it go to repairs and maintenance? Thanks in advance for assistance, Ted

charleyboy · charleyboy

Hi everyone, I'm in a bit of a pickle. I'm just putting the books together for my accountant for the year end accounts. She has asked for my closing stock value at the year end. Due to the nature of my business, it's virtually impossible to accurately calculate an exact figure but I believe the cost of the...

Topic		Started By	Replies	Views	Last Post
	Mobile Telephones (Preview) Hi, My client has given me some Orange mobile phone invoices but they are in his personal name, not his company. He is not VAT registered but can I still post his invoices onto Sage or should he just take a proportion? Thanks, Jo	JoBooth	2	3027	Tue Nov 20 15:32 2007 by JoBooth
	Client using personal bank account (Preview) Hi all, I have a client who just set up a year ago and for the first few months, they used their personal bank account and also paid by card from their personal account since. If I have posted purchase invoices which were paid from the personal bank account, how do I pay them off on Sage against the persona...	JoBooth	2	3215	Fri Nov 16 17:23 2007 by JoBooth
	Treatment of Software in Accounts (Preview) Having a bit of a blonde moment here, but I've just upgraded to Sage Line 50 multicompany at a cost of £850, and I'm not sure whether I should treat it as an expense or a capital item. Obviously I intend to keep it for a few years and would normally capitalise such a large amount, but I'm always reluctant to c...	Summer	3	3226	Mon Nov 12 17:12 2007 by Summer
	Scaffolding business (Preview) My builder client has started a new scaffolding business. He puts up scaffolding for other builders at their sites. My client has bought a substantial amount of scaffolding. What I need to know is whether the scaffolding is classed as a fixed asset or a cost of sale purchase in the accounts? Thanks, Jo...	Boobella	2	4074	Tue Nov 6 14:31 2007 by Boobella
	Cost Of Sales? (Preview) Hi, I've got a new client who has set up a van rental business. I'm putting together his accounts for the first 6 months, and I'm not sure how to correctly account for my clients motor/van repairs. Normally I would put any motor expenses including repairs to the general motor expenses account. Since my...	Bengi	2	4491	Wed Oct 31 09:51 2007 by Bengi
	Dealing with an invoice spanning two quarters (Preview) Hi everyone, I'm new to this forum, and also just started up as a self-employed bookkeeper. Forgive me if the following question is obvious, it's just that I don't want to make a mistake with my first clients accounts! I'm putting together the accounts for my client for the 3 months to September 07...	Turner	2	2800	Mon Oct 22 13:29 2007 by Turner
	Clients info (Preview) When it's time to hand your clients bit & pieces to their accountant, how do they generally prefer to receive it..as excel spreadsheets on disk or hard copies? Thanks!	robbiew	2	3182	Thu Sep 6 00:42 2007 by robbiew
	Concert Tickets (Preview) This is probably a very silly question but can you reclaim VAT on concert tickets? I am thinking probably not but I can't find a definate answer and my mind has gone blank, it's been a long day! Philippa	philippawatt	4	8855	Thu Aug 30 23:04 2007 by garyfen
	Pay back expenses (Preview) A client always gives me a spreadsheet with an expense breakdown inc mileage, lunch receipts, parking tickets, etc. that they have paid for personally, they then write themselves a cheque from the business a/c to pay these back. How do I deal with the expense receipts received and can they claim th...	philippawatt	3	3316	Sun Aug 19 21:20 2007 by Fay
	How do I deal with a grant receipt? (Preview) Good morning everyone (nearly the weekend now!) One of my clients has applied for and successfully received a grant towards his website costs. The amount received was £500. How do I account for this money in the books? Do I put the amount to other income, or some other account? Not sure what I need to do....	Jude	4	3756	Fri Aug 10 15:12 2007 by Jude
	Unreconciled Items (Preview) Hi Can anyone explain how I reconcile cheque payments which haven't cleared, but were drawn and accounted for in the previous financial year, in the next financial year? I know I need to do something next year, but I don't want to duplicate the payment which has already been accounted for. Just ca...	DenS	1	3597	Wed Jul 25 20:25 2007 by Sundance
	How do I treat insurance receipt (Preview) A client I prepare the books for has recieved a cheque from their insurance company for a stolen in car GPS. How do i treat this in the books. What do I need to debit and credit? Any help would be appreciated! Thanks Kim	Kim1960	2	4603	Wed Jul 11 16:03 2007 by Kim1960
	Balance Sheet Recs (Preview) Hi Everyone Im new to this but was wondering, could someone please tell me how to carry out a Balance Sheet Rec? Thanks! Terry	Terry	1	8570	Thu Jun 28 12:07 2007 by Man66
	Can I include clients credit card interest (Preview) Good afternoon everyone! I've just obtained a new client and they've just given me their records for the month. First time I've come across this and I'm stumped, so if poss I need some help! My client uses a personal credit card for his business (he's a gardener). Obviously I can put through the books a...	Kim1960	2	2490	Wed May 30 17:32 2007 by Kim1960
	Reducing Balance Depreciation (Preview) When accounting for depreciation monthly, would it be reasonable to average the depreciation over the 12 months, or not? So, in the case of: Van Cost - £20000 Depreciation Rate - 25% (Reducing Balance method) Would it be acceptable to depreciate in 12 equal monthly amounts of £416.67 (£5000 / 12)...	MattL	4	9695	Thu May 24 10:56 2007 by MattL
	Where can I find historic exchange rates? (Preview) I need to calulate a month end exchange difference on supplys purchased from Italy. I need historic rates for euro to sterling, yet I can't find a resource on the web for them. Can anyone point me in the right direction? Cheers! -- Edited by Gomez at 12:33, 2007-04-11	Gomez	2	6385	Thu May 17 16:32 2007 by TomR
	Difference on bank reconciliation (Preview) Hi there I'm just in the process of reconciling my clients bank a/c and I've got a difference of exactly £108? The actual bank balance per the bank statement is £27,563. O/s lodgments and payments are net £5,536. I've no idea how to find the difference. There are no regular payments for this amount e...	Wendy	3	3604	Fri May 11 16:35 2007 by Wendy
	Dealing with missing Source Documents (Preview) Hi all. I'm a newbie on here, but so glad I found this forum. I've recently received confirmation that I've passed my IAB level 3 exams, and now there is nothing preventing me from starting my Bookkeeping business. However, I am really panicked over the possibility of clients not providing all sourc...	MattL	2	4227	Mon May 7 18:24 2007 by MattL
	Purchase invoice question (Preview) Hi to everyone on the forum! My client has an invoice for the purchase & installation of a fire alarm system. Should this go to plant and machinery or furniture and fixtures? Or would it go to repairs and maintenance? Thanks in advance for assistance, Ted	beencounter	2	3639	Tue May 1 16:48 2007 by beencounter
	How do I value closing stock? (Preview) Hi everyone, I'm in a bit of a pickle. I'm just putting the books together for my accountant for the year end accounts. She has asked for my closing stock value at the year end. Due to the nature of my business, it's virtually impossible to accurately calculate an exact figure but I believe the cost of the...	charleyboy	2	5902	Mon Apr 23 19:23 2007 by charleyboy
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