Professional Book-keepers in Practice - The Book-keepers Forum (UK)

Shamus · Shamus

Has anyone started looking into this yet? It seems that it applies to companies as well as individuals but there is very little detail on the ground about how monthly rather than annual reporting is going to work? I'm particularly worried that monthly reporting could surely only be based on the accou...

Shamus · Shamus

http://www.book-keepers.org.uk/t62264820/site-ethics/

Shamus · Shamus

Hi People, ok, currently the software that I have and use is Sage line 50 (V10 & V14), Excel and VT Transaction+ (I've actually got VT Accounts but haven't used it yet). I'm looking around at new software and I'm really tempted to join the Quickbooks Pro program for Accountants at £345 per year for a...

einna · einna

Hi Everyone, My question is to do with year end and opening balances on the P/L. My insurance expense is appearing as a negative on the balance sheet for Q1 2024 and using the journals I used below will this wash out through the year or did I make an error in my timings. I recorded the accrual expense on 31s...

einna · einna

Hi, If this is a duplicate sorry my internet crashed. My question was post charges on a sales invoices to a customer, is this a cost of sale or expense. The customer receives an invoice with £400 for the table, Dr A/R Cr Revenue and the £50 goes the cost of sales or expense? If it goes to the cost of sales i...

einna · einna

Hi, the company I work for charge postage to the customer on the sales invoices. Would this postage be part of cost of sales but then it will be negative or should it be an expense? I'm confusing myself Example they would charge £400 for a table and we would add £50 onto the invoice as postage. The £400 go...

BooksByCharlotte · BooksByCharlotte

https://www.gov.uk/government/consultations/raising-standards-in-the-tax-advice-market-strengthening-the-regulatory-framework-and-improving-registration/raising-standards-in-the-tax-advice-market-strengthening-t...

Melvin · Melvin

Hi Everyone, Your kindly help will be appreciated here. I am an accounting graduate with 4years of working experience but I want to start my own bookkeeping business as a self employed or if possible I can get an employer to work with while I understand the process of building up a career in the bookkeep...

AAAAK · AAAAK

Hi all, Please I need your help on how to process the following transactions on Sage. 1. One of my client just bought a motor bike and the sage his using is Sage accounts which does not have Fixed asset register , I posted it diectly into Motor vehincle nominal code and also he also bought some Laptop compu...

TambourineJean · TambourineJean

Hi all, Ive recently had my first child, and was made redundant from my last role meaning I need to have a career rethink. Ideally Im looking to work a couple of days a week and wondering if I could make it as a self ployed bookkeeper, also if anyone has advice for how you would go about getting clients. Im A...

Kirsty Birch · Kirsty Birch

Hey Everyone .. Just a quick post that i would appreciate your feedback with, I am completing some research for my coaching business and your help would be greatly appreciated Let me introduce myself , I am Kirsty and I am an Accountant/Bookkeeper and have been for nearly 20 years, over the last year or...

Shamus · Shamus

Hi All, it is with great regret that I have decided that its time to close the doors and switch the lights off of my practice. My clients are some of the worlds largest companies who use big four firms for their accountancy needs and my role is always in analysis of data or developing their financial syste...

Bristolman · Bristolman

Can an Accountant take a share in a client company, in terms of professional body rules (ICAEW).

Woodwitch · Woodwitch

Hi everyone! I was hoping for some advice :) I've worked in practise for 11 years, working my way up from bookkeeper to completing accounts and tax returns and I'm a full member of AAT. However I am planning to take a step back from accounts and taxation and start bookkeeping on a self employed basis. My...

UNK2022 · UNK2022

Hi all, I'm an IAB qualified Bookkeeper starting up my own business. I have been looking at IAB membership and AML Supervision through IAB but they can't seem to give me a clear answer about fees. Can anyone a member of IAB shed some light? Is it actually beneficial to be a member of a Governing body? From...

UNK2022 · UNK2022

Hi everyone, I'm just setting up my new business as a Bookkeeper and I've been playing with prices for some time. When agreeing a monthly fee with a client, is it best to agree a 12 month contract or just work month by month allowing them to cancel your service at any time? Is a long term contract more hass...

EmmaAlt · EmmaAlt

I hope this is the correct bit of the forum for this. I've been approached by a potential client for basic bookkeeping and self-assessment filing. Pretty standard. Until she says she is a German citizen in the UK under the EU settlement agreement. Does anyone have any experience with this, is it jus...

UNK2022 · UNK2022

Hi, I'm currently setting up my own business as an IAB Qualified Bookkeeper due to not being to get a job since losing mine at the beginning of Covid. Can anyone please tell me which policies I have to have and which are good practice? Many thanks

Eva D Maytree · Eva D Maytree

Hi, being relatively new to freelancing I've been managing my workload using good old paper & Excel, but I'm getting busier (thankfully!). I've used Trello in the past but I know there's a whole raft of software available out there - any recommendations? Is Monday.com any good? Thanks, Eva.

Leger · Leger

2 directors/shareholders who convert vans to camper vans. Conversion work is carried out in one of the Director's garage and they have just spent over £700 on repairing the garage roof. Whilst I'm aware that no VAT or tax can be allowed does it still go down in the accounts, or straight to DLA?

Topic		Started By	Replies	Views	Last Post
	STICKY: End of Annual Tax Returns (Preview) Has anyone started looking into this yet? It seems that it applies to companies as well as individuals but there is very little detail on the ground about how monthly rather than annual reporting is going to work? I'm particularly worried that monthly reporting could surely only be based on the accou...	Shamus	25	11946	Sun Oct 8 16:41 2017 by Cheshire
	STICKY: Before Posting (closed) (Preview) http://www.book-keepers.org.uk/t62264820/site-ethics/	Shamus	0	5826	Sat Jun 11 15:10 2016 by Shamus
	STICKY: Convince me that I don't need Sage ( 1 2 ) (Preview) Hi People, ok, currently the software that I have and use is Sage line 50 (V10 & V14), Excel and VT Transaction+ (I've actually got VT Accounts but haven't used it yet). I'm looking around at new software and I'm really tempted to join the Quickbooks Pro program for Accountants at £345 per year for a...	Shamus	66	42488	Sun Jul 14 01:02 2013 by Shamus
	Year End journal entries and prepayments (Preview) Hi Everyone, My question is to do with year end and opening balances on the P/L. My insurance expense is appearing as a negative on the balance sheet for Q1 2024 and using the journals I used below will this wash out through the year or did I make an error in my timings. I recorded the accrual expense on 31s...	einna	0	41	Fri Apr 26 20:47 2024 by einna
	Question postage on a sales invoice (Preview) Hi, If this is a duplicate sorry my internet crashed. My question was post charges on a sales invoices to a customer, is this a cost of sale or expense. The customer receives an invoice with £400 for the table, Dr A/R Cr Revenue and the £50 goes the cost of sales or expense? If it goes to the cost of sales i...	einna	0	161	Sat Apr 13 01:06 2024 by einna
	Question postage on a sales invoice (Preview) Hi, the company I work for charge postage to the customer on the sales invoices. Would this postage be part of cost of sales but then it will be negative or should it be an expense? I'm confusing myself Example they would charge £400 for a table and we would add £50 onto the invoice as postage. The £400 go...	einna	0	111	Sat Apr 13 01:04 2024 by einna
	Government Plan to Regulate Tax Advisers (Preview) https://www.gov.uk/government/consultations/raising-standards-in-the-tax-advice-market-strengthening-the-regulatory-framework-and-improving-registration/raising-standards-in-the-tax-advice-market-strengthening-t...	BooksByCharlotte	2	446	Fri Mar 8 12:43 2024 by BooksByCharlotte
	DO I START A BOOKKEEPING BUSINESS (Preview) Hi Everyone, Your kindly help will be appreciated here. I am an accounting graduate with 4years of working experience but I want to start my own bookkeeping business as a self employed or if possible I can get an employer to work with while I understand the process of building up a career in the bookkeep...	Melvin	8	31182	Mon Nov 6 12:25 2023 by Shaun60
	Help please - Motor Bike, Pension and Wages and Salary (closed) (Preview) Hi all, Please I need your help on how to process the following transactions on Sage. 1. One of my client just bought a motor bike and the sage his using is Sage accounts which does not have Fixed asset register , I posted it diectly into Motor vehincle nominal code and also he also bought some Laptop compu...	AAAAK	5	4250	Wed Nov 1 17:01 2023 by BBking
	Do I have what it takes to become a self employed bookkeeper? (Preview) Hi all, Ive recently had my first child, and was made redundant from my last role meaning I need to have a career rethink. Ideally Im looking to work a couple of days a week and wondering if I could make it as a self ployed bookkeeper, also if anyone has advice for how you would go about getting clients. Im A...	TambourineJean	1	1307	Sat Jul 22 16:41 2023 by Shaun60
	Mindset & Business Coaching for Accountants/bookkeepers who want to start their own business/grow their business (Preview) Hey Everyone .. Just a quick post that i would appreciate your feedback with, I am completing some research for my coaching business and your help would be greatly appreciated Let me introduce myself , I am Kirsty and I am an Accountant/Bookkeeper and have been for nearly 20 years, over the last year or...	Kirsty Birch	1	2750	Wed Jan 11 23:53 2023 by HughesStewart
	So long and thanks for all the fish (Preview) Hi All, it is with great regret that I have decided that its time to close the doors and switch the lights off of my practice. My clients are some of the worlds largest companies who use big four firms for their accountancy needs and my role is always in analysis of data or developing their financial syste...	Shamus	3	1698	Fri Dec 2 01:29 2022 by Leger
	Accountant taking shares in client company (Preview) Can an Accountant take a share in a client company, in terms of professional body rules (ICAEW).	Bristolman	2	1542	Wed Nov 2 13:21 2022 by Bristolman
	AAT Licences (Preview) Hi everyone! I was hoping for some advice :) I've worked in practise for 11 years, working my way up from bookkeeper to completing accounts and tax returns and I'm a full member of AAT. However I am planning to take a step back from accounts and taxation and start bookkeeping on a self employed basis. My...	Woodwitch	1	1591	Thu Oct 20 14:39 2022 by No
	IAB Membership, Fees and Insurance (Preview) Hi all, I'm an IAB qualified Bookkeeper starting up my own business. I have been looking at IAB membership and AML Supervision through IAB but they can't seem to give me a clear answer about fees. Can anyone a member of IAB shed some light? Is it actually beneficial to be a member of a Governing body? From...	UNK2022	2	2848	Tue Mar 1 13:36 2022 by Leger
	Cancellation and Subscriptions? contract fees monthly prices charges client new bookkeeper (Preview) Hi everyone, I'm just setting up my new business as a Bookkeeper and I've been playing with prices for some time. When agreeing a monthly fee with a client, is it best to agree a 12 month contract or just work month by month allowing them to cancel your service at any time? Is a long term contract more hass...	UNK2022	4	2190	Sun Feb 27 20:31 2022 by UNK2022
	Potential client EU settlement. (Preview) I hope this is the correct bit of the forum for this. I've been approached by a potential client for basic bookkeeping and self-assessment filing. Pretty standard. Until she says she is a German citizen in the UK under the EU settlement agreement. Does anyone have any experience with this, is it jus...	EmmaAlt	0	1829	Tue Feb 22 20:54 2022 by EmmaAlt
	New Bookkeeper (Preview) Hi, I'm currently setting up my own business as an IAB Qualified Bookkeeper due to not being to get a job since losing mine at the beginning of Covid. Can anyone please tell me which policies I have to have and which are good practice? Many thanks	UNK2022	4	2300	Tue Feb 8 21:26 2022 by UNK2022
	Software for Managing Workload (Preview) Hi, being relatively new to freelancing I've been managing my workload using good old paper & Excel, but I'm getting busier (thankfully!). I've used Trello in the past but I know there's a whole raft of software available out there - any recommendations? Is Monday.com any good? Thanks, Eva.	Eva D Maytree	2	2022	Tue Feb 8 08:31 2022 by Eva D Maytree
	Capital costs (Preview) 2 directors/shareholders who convert vans to camper vans. Conversion work is carried out in one of the Director's garage and they have just spent over £700 on repairing the garage roof. Whilst I'm aware that no VAT or tax can be allowed does it still go down in the accounts, or straight to DLA?	Leger	8	2324	Fri Jan 28 10:38 2022 by Leger
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