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

Alice0411 · Alice0411

hello, I apologise if this is not the place to ask this question, but maybe you will be able to help me out.... I'm looking for an information /reliable source for the situation below: My friend (self-employed) sells children books, clothing, board games, jigsaw that she buys in the EU. Her order is no...

Amanda · Amanda

HI Everyone, Well with 2020 nearly over, what are people's business plans for the new year? Like me I expect a lot of you are really hacked off with the furlough being extended, when on earth is it really going to end, I am expecting it to get extended yet again! Anyone feel like giving up at all? I have fe...

NA_AA · NA_AA

Please confirm if the below is correct. If you have paid for the share capital then you would: DR Bank CR Share Capital If you have not yet paid for the share capital then you would: DR Directors Loan Account CR Share Capital

VickyC · VickyC

Hi I have just joined and I need help with VT accounts. The company I work for has opened a savings account I need to know how to enter the interest earned. Thankyou

Fredja · Fredja

Hi I need to get a report from sage 50 pro showing P&L on a month by month basis which also shows same periods for prior year on month by month basis. Any idea how I get the report? Just actuals for comparison. -- Edited by Fredja on Friday 9th of October 2020 10:55:19 AM

Osama79 · Osama79

I am attending classes online through Zoom software due to covid 19 issues . They have taught me Accounting equation Journal Ledger and Trial balance Since the classes are online , the teaching methods are not of the highest quality . I still have to do a lot of self learning after they end the class bec...

Osama79 · Osama79

Are both the same ?

Samilou67 · Samilou67

Hi everyone, I hope you are all keeping well and not too fed up. I have taken over the bookkeeping for a Ltd company that has been trading for a few years. My question is how do I introduce/account for the assets that were purchased in 2017 in Sage. The director used to do very basic bookkeeping and hadn't e...

Gena Sanford · Gena Sanford

I have been searching for software that can help me manage my accounting and bookkeeping tasks, have researched on google as well. Just want more suggestions to be more clear about it.

Danillon · Danillon

Hello Customer pays deposits for service to be provided after year end. Deposits allocated to liability account. Will re-allocate to sales as service is delivered. One customer cancelled service. Deposit is non refundable. Is this allocated to sales in this year?

rafapak · rafapak

Hi We incur expenses when we consume our resources. I have trouble to understand this in relation to debts written off. If you write off your receivable you incur expense - you record it on irrecoverable debt expense account. Receivable is your resource, your asset. Since we have expense it makes me...

Ollieg · Ollieg

Hi All, I'm sure this topic has been covered but I struggled to find anything specific so I thought I'd start a post. I have a small ltd company which has made around £500 profit for the year. I have had a letter from HMRC regarding corporation tax. I have not paid any corporation tax as of yet. So would I...

Neil1980 · Neil1980

Please excuse my ignorance. I run and do the bookkeeping for my sole trader company and have recently started a dormant Ltd company of the same name of which I am the sole director. My question or questions to you all are: 1. Should I run the sole trader company as a subsidiary of the Ltd company once the LT...

Blonde Accountant · Blonde Accountant

Hello, I am wondering if anyone can help please? I have taken over the accounts for a partnership and they have a bank account and a savings account both in the company name. However in the balance sheet from last year, there is no sign of the saving account. It was a substantial balance of £25000 last yea...

kingaa · kingaa

Hi, I would like to ask what documents I need to run bookkeeping when company act on Amazon. Is reports in csv would be enough to book sales? Also I get from Amazon summary of every month in pdf. Amount showed in section expenses is different than amount showed on invoices I get from Amazon. Can I book...

spurs1952 · spurs1952

A self employed client wishes to repay some of their Grant. What is the mechanism please for repaying HMRC a part payment of their SEIGS. Many thanks.

Shamus · Shamus

Do not reply to this. I'm just testing the site as something doesn't seem right (there seems to be a major delay between posts being made and appearing causing people to multipost). just want to see what happens when I add a new thread.

ToffeeGhost · ToffeeGhost

Hello there, I'm ToffeeGhost and I wondered if I could ask anyone for a bit of guidance. I am on AAT level 2 but am a real rookie and lack experience. I am helping out in a small company and have been allowed to attempt a bank rec. I am using Sage 50. I have found 2 mistakes however in the last bank rec - two p...

Sheena · Sheena

Hi, It's been a little while since I last posted anything on here. I have a client who runs a hotel and has some self-catering holiday accommodation. I am a bit confused about the temporary reduced VAT rate and was hoping for some guidance. My client has a company, who every now and then book a room for an e...

sarahl16 · sarahl16

Hi All I am new to the forum so please forgive me if other people have started a topic similar to this one. I am trying to start out as a self employed bookkeeper but am finding it really difficult to get any clients. I have sent hundreds of emails to companies and tradespeople as well as accountancy practi...

Topic		Started By	Replies	Views	Last Post
	brexit - importing goods from EU (Preview) hello, I apologise if this is not the place to ask this question, but maybe you will be able to help me out.... I'm looking for an information /reliable source for the situation below: My friend (self-employed) sells children books, clothing, board games, jigsaw that she buys in the EU. Her order is no...	Alice0411	1	476	Wed Jan 13 16:28 2021 by Maat
	What's everyone's plans for their businesses in the New Year (Preview) HI Everyone, Well with 2020 nearly over, what are people's business plans for the new year? Like me I expect a lot of you are really hacked off with the furlough being extended, when on earth is it really going to end, I am expecting it to get extended yet again! Anyone feel like giving up at all? I have fe...	Amanda	15	1126	Thu Jan 7 22:04 2021 by Amanda
	Share capital double entry (Preview) Please confirm if the below is correct. If you have paid for the share capital then you would: DR Bank CR Share Capital If you have not yet paid for the share capital then you would: DR Directors Loan Account CR Share Capital	NA_AA	7	4707	Mon Dec 28 17:53 2020 by freenrg
	VT entries for interest earned on a savings account. (Preview) Hi I have just joined and I need help with VT accounts. The company I work for has opened a savings account I need to know how to enter the interest earned. Thankyou	VickyC	9	990	Wed Dec 23 13:29 2020 by Leger
	P&L reports - Sage (Preview) Hi I need to get a report from sage 50 pro showing P&L on a month by month basis which also shows same periods for prior year on month by month basis. Any idea how I get the report? Just actuals for comparison. -- Edited by Fredja on Friday 9th of October 2020 10:55:19 AM	Fredja	7	1310	Fri Dec 11 21:56 2020 by Kamranbsh
	I have started learning accounting through online classes , Please help . (Preview) I am attending classes online through Zoom software due to covid 19 issues . They have taught me Accounting equation Journal Ledger and Trial balance Since the classes are online , the teaching methods are not of the highest quality . I still have to do a lot of self learning after they end the class bec...	Osama79	6	891	Wed Dec 2 14:12 2020 by Osama79
	What is difference between bookkeeping and accounting ? (Preview) Are both the same ?	Osama79	3	706	Tue Nov 24 19:21 2020 by Artois
	Recording assets purchase in a previous accounting period. (Preview) Hi everyone, I hope you are all keeping well and not too fed up. I have taken over the bookkeeping for a Ltd company that has been trading for a few years. My question is how do I introduce/account for the assets that were purchased in 2017 in Sage. The director used to do very basic bookkeeping and hadn't e...	Samilou67	7	1015	Fri Oct 30 18:24 2020 by Shamus
	What is the best accounting and bookkeeping software that can be used at an affordable cost? (Preview) I have been searching for software that can help me manage my accounting and bookkeeping tasks, have researched on google as well. Just want more suggestions to be more clear about it.	Gena Sanford	2	805	Thu Oct 22 13:22 2020 by Shamus
	Deposits (Preview) Hello Customer pays deposits for service to be provided after year end. Deposits allocated to liability account. Will re-allocate to sales as service is delivered. One customer cancelled service. Deposit is non refundable. Is this allocated to sales in this year?	Danillon	5	797	Wed Oct 21 09:56 2020 by Leger
	incurring expenses-resource consumption (Preview) Hi We incur expenses when we consume our resources. I have trouble to understand this in relation to debts written off. If you write off your receivable you incur expense - you record it on irrecoverable debt expense account. Receivable is your resource, your asset. Since we have expense it makes me...	rafapak	3	867	Tue Oct 13 16:23 2020 by rafapak
	Final Dividend and winding up a Ltd company (Preview) Hi All, I'm sure this topic has been covered but I struggled to find anything specific so I thought I'd start a post. I have a small ltd company which has made around £500 profit for the year. I have had a letter from HMRC regarding corporation tax. I have not paid any corporation tax as of yet. So would I...	Ollieg	11	1343	Thu Oct 8 15:20 2020 by Leger
	Move a Sole Trader bounce Back Loan to a Ltd Company of the same name LTD Company Sole trader Transfer Bounce Back Loans (Preview) Please excuse my ignorance. I run and do the bookkeeping for my sole trader company and have recently started a dormant Ltd company of the same name of which I am the sole director. My question or questions to you all are: 1. Should I run the sole trader company as a subsidiary of the Ltd company once the LT...	Neil1980	2	714	Mon Oct 5 14:18 2020 by Leger
	Business Savings Account (Preview) Hello, I am wondering if anyone can help please? I have taken over the accounts for a partnership and they have a bank account and a savings account both in the company name. However in the balance sheet from last year, there is no sign of the saving account. It was a substantial balance of £25000 last yea...	Blonde Accountant	2	670	Wed Sep 30 20:29 2020 by Blonde Accountant
	Amazon and bookkeeping Amazon (Preview) Hi, I would like to ask what documents I need to run bookkeeping when company act on Amazon. Is reports in csv would be enough to book sales? Also I get from Amazon summary of every month in pdf. Amount showed in section expenses is different than amount showed on invoices I get from Amazon. Can I book...	kingaa	1	704	Tue Sep 29 11:35 2020 by BMM
	How does a Client repay some of the self employment grant scheme Money. (Preview) A self employed client wishes to repay some of their Grant. What is the mechanism please for repaying HMRC a part payment of their SEIGS. Many thanks.	spurs1952	4	852	Fri Sep 25 15:02 2020 by Leger
	test post (Preview) Do not reply to this. I'm just testing the site as something doesn't seem right (there seems to be a major delay between posts being made and appearing causing people to multipost). just want to see what happens when I add a new thread.	Shamus	3	1621	Sun Sep 20 19:49 2020 by Shamus
	Bank Reconciliation mistakes - Solved (Preview) Hello there, I'm ToffeeGhost and I wondered if I could ask anyone for a bit of guidance. I am on AAT level 2 but am a real rookie and lack experience. I am helping out in a small company and have been allowed to attempt a bank rec. I am using Sage 50. I have found 2 mistakes however in the last bank rec - two p...	ToffeeGhost	2	890	Thu Sep 10 14:41 2020 by ToffeeGhost
	Temporary Reduced VAT Rate (Preview) Hi, It's been a little while since I last posted anything on here. I have a client who runs a hotel and has some self-catering holiday accommodation. I am a bit confused about the temporary reduced VAT rate and was hoping for some guidance. My client has a company, who every now and then book a room for an e...	Sheena	7	1377	Sun Sep 6 11:48 2020 by Leger
	Starting out as a self employed Bookkeeper (Well trying to) (Preview) Hi All I am new to the forum so please forgive me if other people have started a topic similar to this one. I am trying to start out as a self employed bookkeeper but am finding it really difficult to get any clients. I have sent hundreds of emails to companies and tradespeople as well as accountancy practi...	sarahl16	1	872	Tue Aug 25 07:15 2020 by Artois
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