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

Jay · Jay

Good morning all, I hope you are all well and staying safe. This may not be such an issue for us this year as we have considerably reduced our client base, but may be worth consideration by others as well. For some clients we also undertake Payroll, book keeping, VAT and MGD with some of these delivering p...

haymac · haymac

Hi All, I have a couple of SE clients who are in their first year of trading and these will not be included in the income support measures currently available. I am thinking, what are the chances of HMRC extending their measures to allow these to submit should the lockdown continue ? The reason I...

HarryStottle · HarryStottle

Morning All I'm trying to explain to a company director why their company book keeping is not up to scratch. Eg. the director can't check sales and expenses for last month, the balance sheet is incorrect because the accountant makes adjustments but they are just one lump sum so directors can't reconc...

rafapak · rafapak

Hi guys Does anybody know if it is possible to find table of contents for this book somewhere on the internet ? I just wonder if this book teaches how to prepair cash flows and statement of changes in equity. On amazon some books have ' look inside' feature so that one can check table of contents. Unfortu...

Cheshire · Cheshire

Well there you go, its out.

Cheshire · Cheshire

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/874772/small-business-grant-fund-and-retail...

rafapak · rafapak

I am trying to understand what we need closing inventory adjustment for but I have troubles with it. I have 1000 pounds debit balance on my finished goods account. This is balance sheet account. I sell part of my finished goods. Cost of goods sold is 700 pounds. Closing balance on my finished goods acc...

rafapak · rafapak

Hi guys I use bpp final accounts preparation book. At the beginning it is stated that sole traders and partnerships are not legally required to produce or file annual accounts but will need to keep records in order to complete tax returns. If sole traders and partnerships are not legally required to p...

haymac · haymac

Hi All, Quick question - I have a client who become SE part way though 2016/17, had been PAYE up until November 2016 then SE thereafter. Will the income support scheme only see the SE element of that years return ? Any pointers gratefully appreciated.

haymac · haymac

ChrisBolton · ChrisBolton

Hi there, Ive had a quick look and couldnt find anything g on this I, along with many others, take a basic wage of £8000 and the rest in dividends - does anyone know where we stand in relation to government help? As far as I can see Im not self employed, I cant be furloughed, yet my income will be decima...

ChrisH · ChrisH

Hi We are a startup company and have contract to develop a new product for a client. They are paying in stages and have recently paid us part of the fee. These payments are in advance of the work to allow us to run the company, buy materials and equipment etc, however we have hit COVID-19 and work has slowe...

haymac · haymac

Hi All, For anyone due to file accounts, Companies House allowing 3 month extension, follow link and apply online. `Businesses will be given an additional 3 months to file accounts with Companies House to help companies avoid penalties as they deal with the impact of COVID-19.` https://www.go...

Cheshire · Cheshire

Natwest have launched. Presume some of the other banks will have too, albeit some are still waiting for accreditation and/or systems checks

Gorge_Walton · Gorge_Walton

Nope... -- Edited by Shamus on Monday 17th of February 2020 06:24:58 PM

Shamus · Shamus

Due in part to Covid-19 but also that the Government had not foreseen the wholesale eradication of UK contractors with all work being moved offshore, the chief treasury secretary, Steve Barclay, announced yesterday that the rollout of the IR35 has been deferred for a year until April 2021. Unfortu...

HarryStottle · HarryStottle

Hi My approach when a loan is received from a separate company is to credit a "loan from xxx Ltd" account and debit the bank account. When part of that loan is repaid then I credit the bank account and debit the "loan from xxx Ltd" account. The reason for my question is that I'm examining someone else Sage p...

rafapak · rafapak

Hi guys I would like to ask you for a favour. I recently wanted to go to aat forums website. When I click on link I get information that this website is unprotected and therefore it is impossible to enter this site. Can you do me a favour and click forums link on aat site and check if this link works ? Link to aa...

rafapak · rafapak

Hi guys My book tells me to record allowance for doubtful debts like this : Allowance for doubtful debts - adjustment Dt Allowance for doubtful debts - Cr In Kaplan book with exercises they used Irrecoverable Debt Expense account to record reduction in allowance for doubtful debts...

Meganp · Meganp

Hi, does anyone know how I reinstate a reconciled transaction in quickbooks desktop. I know what the transaction is, and that I have to enter the invoice and payment again, but how do I re-reconcile? Thank you M

Topic		Started By	Replies	Views	Last Post
	Paperwork delivery - essential travel? (Preview) Good morning all, I hope you are all well and staying safe. This may not be such an issue for us this year as we have considerably reduced our client base, but may be worth consideration by others as well. For some clients we also undertake Payroll, book keeping, VAT and MGD with some of these delivering p...	Jay	12	852	Tue Mar 31 13:11 2020 by Casu
	Self Employed - first year trading (Preview) Hi All, I have a couple of SE clients who are in their first year of trading and these will not be included in the income support measures currently available. I am thinking, what are the chances of HMRC extending their measures to allow these to submit should the lockdown continue ? The reason I...	haymac	3	371	Tue Mar 31 09:40 2020 by Rachel19
	Source for book keeping best practice (Preview) Morning All I'm trying to explain to a company director why their company book keeping is not up to scratch. Eg. the director can't check sales and expenses for last month, the balance sheet is incorrect because the accountant makes adjustments but they are just one lump sum so directors can't reconc...	HarryStottle	11	678	Tue Mar 31 08:34 2020 by HarryStottle
	Financial statements of limited companies tutorial - aat level 4 (Preview) Hi guys Does anybody know if it is possible to find table of contents for this book somewhere on the internet ? I just wonder if this book teaches how to prepair cash flows and statement of changes in equity. On amazon some books have ' look inside' feature so that one can check table of contents. Unfortu...	rafapak	3	383	Mon Mar 30 19:51 2020 by rafapak
	Latest news on OMBs (Preview) Well there you go, its out.	Cheshire	8	518	Mon Mar 30 18:35 2020 by Leger
	Business Rates - guidance finally out. (Preview) https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/874772/small-business-grant-fund-and-retail...	Cheshire	5	478	Mon Mar 30 17:23 2020 by Cheshire
	closing inventory adjustment (Preview) I am trying to understand what we need closing inventory adjustment for but I have troubles with it. I have 1000 pounds debit balance on my finished goods account. This is balance sheet account. I sell part of my finished goods. Cost of goods sold is 700 pounds. Closing balance on my finished goods acc...	rafapak	7	830	Sun Mar 29 20:46 2020 by Lorry10
	final accounts preparation- aat level 3- sole traders and partnerships (Preview) Hi guys I use bpp final accounts preparation book. At the beginning it is stated that sole traders and partnerships are not legally required to produce or file annual accounts but will need to keep records in order to complete tax returns. If sole traders and partnerships are not legally required to p...	rafapak	9	648	Sun Mar 29 00:31 2020 by rafapak
	Self Employed - income support scheme (Preview) Hi All, Quick question - I have a client who become SE part way though 2016/17, had been PAYE up until November 2016 then SE thereafter. Will the income support scheme only see the SE element of that years return ? Any pointers gratefully appreciated.	haymac	4	355	Fri Mar 27 14:06 2020 by haymac
	Watch out for this SCAM (Preview)	haymac	4	388	Thu Mar 26 16:22 2020 by Cheshire
	Coronavirus/one man ltd company (Preview) Hi there, Ive had a quick look and couldnt find anything g on this I, along with many others, take a basic wage of £8000 and the rest in dividends - does anyone know where we stand in relation to government help? As far as I can see Im not self employed, I cant be furloughed, yet my income will be decima...	ChrisBolton	23	1122	Thu Mar 26 14:23 2020 by Leger
	COVID end of tax year (Preview) Hi We are a startup company and have contract to develop a new product for a client. They are paying in stages and have recently paid us part of the fee. These payments are in advance of the work to allow us to run the company, buy materials and equipment etc, however we have hit COVID-19 and work has slowe...	ChrisH	3	375	Thu Mar 26 12:14 2020 by Cheshire
	Companies House - 3 month extension period to file accounts during Covid-19 (Preview) Hi All, For anyone due to file accounts, Companies House allowing 3 month extension, follow link and apply online. `Businesses will be given an additional 3 months to file accounts with Companies House to help companies avoid penalties as they deal with the impact of COVID-19.` https://www.go...	haymac	4	397	Thu Mar 26 10:32 2020 by Cheshire
	CBILS (Preview) Natwest have launched. Presume some of the other banks will have too, albeit some are still waiting for accreditation and/or systems checks	Cheshire	1	246	Tue Mar 24 18:54 2020 by Leger
	Debt recovery and problems (Preview) Nope... -- Edited by Shamus on Monday 17th of February 2020 06:24:58 PM	Gorge_Walton	12	835	Mon Mar 23 18:43 2020 by Cheshire
	IR35 deferred (Preview) Due in part to Covid-19 but also that the Government had not foreseen the wholesale eradication of UK contractors with all work being moved offshore, the chief treasury secretary, Steve Barclay, announced yesterday that the rollout of the IR35 has been deferred for a year until April 2021. Unfortu...	Shamus	3	430	Thu Mar 19 09:14 2020 by Cheshire
	Entries for a loan and its repayments loan repayments inter company loans (Preview) Hi My approach when a loan is received from a separate company is to credit a "loan from xxx Ltd" account and debit the bank account. When part of that loan is repaid then I credit the bank account and debit the "loan from xxx Ltd" account. The reason for my question is that I'm examining someone else Sage p...	HarryStottle	4	534	Thu Mar 12 08:21 2020 by HarryStottle
	aat forums website-problems (Preview) Hi guys I would like to ask you for a favour. I recently wanted to go to aat forums website. When I click on link I get information that this website is unprotected and therefore it is impossible to enter this site. Can you do me a favour and click forums link on aat site and check if this link works ? Link to aa...	rafapak	16	1139	Mon Mar 9 17:13 2020 by johnhemming
	recording allowance for doubtful debts (Preview) Hi guys My book tells me to record allowance for doubtful debts like this : Allowance for doubtful debts - adjustment Dt Allowance for doubtful debts - Cr In Kaplan book with exercises they used Irrecoverable Debt Expense account to record reduction in allowance for doubtful debts...	rafapak	3	427	Mon Mar 9 09:43 2020 by Cheshire
	Deleted reconciled transaction (Preview) Hi, does anyone know how I reinstate a reconciled transaction in quickbooks desktop. I know what the transaction is, and that I have to enter the invoice and payment again, but how do I re-reconcile? Thank you M	Meganp	12	1294	Fri Mar 6 13:53 2020 by Casu
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