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How to account for outward carriage paid by customer
(Preview)
Hello, Hope you are all keeping well ;) I have a question with regards to outward carriage. Let's use an example: The shops sells goods for £100.00. There is a freight/delivery company that picks these goods up and brings them to the customer. The shop pays £20.00 for this service. In this case, we Debi...
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Marek
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1
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1454
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Proforma vs Invoice
(Preview)
Hello all, I wonder if you can help. This may be very straightforward to most of you on here however, it is causing me a bit of a headache. I'm currently using Sage Business Cloud Accounting. If you create a proforma, do you then create the invoice from that proforma and if you do, if there is a difference...
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Jane M
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0
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1367
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Journal for Purchase invoice
(Preview)
Hi, My financial year ended 31st December 2020. I have received an invoice dated 30th December 2020, however the goods were not received until January. Please can you advise the necessary journals required in 2020 financial accounts? Many thanks in advance, Jacky
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Jacky James
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10
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1684
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Credit Card payments - Inter Company
(Preview)
Hi everyone, Quick question, I am using Sage Online, we have 6 companies, one of the companies (Company A) were issued 2 invoices (which have been processed), the administrator used the company card from one of the other company to pay for these (Company B), how do I show the invoices being paid by the c...
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Mellymoo
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2
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1713
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Supplier Invoices
(Preview)
Good afternoon, I have a question regarding some purchase invoices. The supplier invoices are dated this financial year (February 2021), however they relate last years financial year 2020. Please can you advise what journals I should do in last years accounts? Many thanks, Jacky
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Jacky James
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4
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1770
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Outsource Accounting & Bookkeeping Services
(Preview)
<< Nope >> -- Edited by Shamus on Saturday 16th of May 2020 04:54:15 PM
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ibnbookkeeping1234
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5
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2669
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sale invoice to EC country - tax code in Sage 50 Accounts v 23?
(Preview)
Hi, what tax code would you use in Sage 50 Accounts v 23 for a sale invoice -it is a sale of transport services to another EU country, Seller is UK VAT register and buyer in another EU country is not VAT registered at all. The amount of invoice is £170. Thank you, Ellie
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Ellie16
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15
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2612
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posting journal entries (basics), T-accounts
(Preview)
Hello, I have to perform the accounting entries of below transactions:3. Invoice VAT from X for construction works regarding warehouse constructed by our company:a) net 100000b) VAT 8% 8000c) total 1008004. We have taken (drawn) the bank loan from which the construction works were paidsh...
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MAG1307
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7
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2283
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Prior year adjustments - Working them into current year's accounts
(Preview)
Hi Everyone Can anyone give me some advice on what is probably quite a common problem? I have just taken over accounting for a micro company and, after checking through the trial balance figures from the previous accountant, have found a few balance sheet errors: - (1) Corporation tax from a previou...
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Mark99
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6
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1301
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gift cards - entries in sage
(Preview)
we have now started selling our own gift cards and redeeming them what are the entries in sage 01/01/20 BP 1245 giftcard1 10.00 T9 tax code (for gift cards that are sold) 15/02/21 BR 1245 giftcard1 10.00 T1 tax code (for gift cards that are redeemed)
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jumper
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1
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1601
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Nominal code
(Preview)
Hello, could someone please tell me what n/c I should use for key cutting and a kettle in Sage 50?
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Sharee
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2
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1875
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Quickbooks online: How do I include unspent grant from the last FY in this year's budget?
(Preview)
Hello, In Quickbooks online, when creating a budget for the current financial year for a grant received in the last financial year how do I make sure that the unspent portion of the grant is included? Any help would be greatly appreciated. Regards, Jonathan
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JPollard
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1
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1876
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SAGEONE
(Preview)
Hi there, I'm at my wits end. Does anyone know how to change the date on a bank reconciliation in Sageone? Thanks in advance
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Angela Flanagan
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2
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1370
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Claim tax against a large purchase
(Preview)
Hi All, Just wondering if someone could advise please. The net profit for 2019/2020 is a very small £7,000 ish, but during the same tax year the client withdrew all of a small personal pension so that he could purchase a new tractor for £17,000. His full personal allowance was used against the pension w...
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KChally
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2
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1343
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AAT Membership
(Preview)
Hi, I'm after some advice.... I finished AAT back in 2012 and i did not renew my membership. I have now decided i want to start up on my own as a self employed bookkeeper and unfortunately for me i have to go through the process of renewing my membership with AAT. I have recently started the application...
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ClareD
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3
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1488
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Bookkeeping client who is an IFA
(Preview)
I am a self employed BK and have been asked to quote on bookkeeping and quarterly VAT for an independent financial advisor trading as a sole director ltd company Income and outgoings very straightforward from preliminary chat and VAT is currently being done by the accountant supplying stat accou...
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KMBookkeeping
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14
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2571
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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...
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Alice0411
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1
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1354
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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...
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Amanda
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15
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2377
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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
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NA_AA
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7
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9076
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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
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VickyC
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9
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2073
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