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Sage bookkeepers club?
(Preview)
Is any one a memeber of Sage bookkeepers club? As a member myself I feel I have little contact with Sage but a friend of mine who is a member of the Accountants club get Calls, Emails and letters from Sage every week. keith
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Keithm
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26
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6503
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Getting organised
(Preview)
Hi Everyone, Well I have finally sent my registration off to HMRC was planning on doing it in June when my exams are finished but decided to do it now. I started a job recently and although im lucky to have a job im not really enjoying it and decided to get the ball rolling on my bookkeeping. Im going to be...
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chellawson
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6
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1943
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Friday Afternoon Quiz (Last one for this week)
(Preview)
Thought that as a last one you might appreciate something not involving margins and markups. This one's also a bit easier than the others. A firm has a sales ledger control balance of £75,000. Before the accounts are finalised a bad debt provision of £1,000 is written off. The provision for bad debts i...
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Shamus
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9
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2537
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The Friday afternoon quiz (2010/04/16)
(Preview)
Hi folks, bit busy today but a promise is a promise so how about getting your teeth into this one which is another play on markups and margins but with a twist. A business sells goods earning a constant 25% markup. Sales in the period amount to £500,000 Opening Stock was £100,000 Closing Stock was £20,00...
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Shamus
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16
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2065
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Friday afternoon quiz (Mark II)
(Preview)
A company achieves a gross profit margin of 20% on sales. Opening stock is £5,000 Creditors at the start of the period were £4,000 Sales in the period amounted to £50,000 Year end creditors were £6,000 Business paid creditors £37,500 in the period. At the period end all stock had been stolen. What was t...
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Shamus
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2
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1959
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Evaluating Non-Purchased Stock
(Preview)
Like many people I have a small eBay business that grew out of selling old junk in the attic (some call such junk collectable memorabilia). As such a lot of items I initially sold had been lying around for ages and the receipts lost long ago. What's the general rule for costing such items if I want to use th...
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Tony676
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2
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1599
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Help please
(Preview)
Hello, can anyone help me with an assignment question please: Its a question regarding the valuation of stock, I have a selling price of £24,000 and I need to work out the cost as follows: Cost Price + 20% = selling price so I have the selling price and the mark up on cost as a fraction but how do I calculat...
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Lisa68
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11
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2094
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How to post/record an unvoice on SAGE- pls Help ?
(Preview)
Hi guys, I am struggling and really need your help/advise on this. I have to post an invoice which was raised on 1/04/09 for £108 ( Commission fees) that covers the period 15/03/09 -14/04/09. The Financial year starts 1/04/09. How do I post this on sage? Please help me i know its simple for most of yo...
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vassy
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6
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9589
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year end on microsoft office accounting
(Preview)
Quick question re: above, it is my first time doing year end on this software, I have done it previously on sage, with sage it allows you to enter the trans for the nxt financial year, is it the same for microsoft accounting??? It's just so that I know until I actually carry out my year end I will know that it...
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lor
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0
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1445
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Christmas party
(Preview)
I have had a value in the cash account that is for a christmas party. It has been sat there a while waiting for the accountant to advise where it should go but the accountant services are no longer required, (due to a HUUUUGE bill for telephone conversations that basically equated to her telling us she ca...
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Rhianrach
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9
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6958
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Are direct administrative costs seen as cost of sales?
(Preview)
Hi , can I ask if direct administritive costs are counted as costs of sales. In my case internet sales are sent in boxes and packing receipts, leaflets, ink etc are direct costs for each plant(item) I send. I have a feeling I am entering things in the wrong column as I put them under admin. What I am also fi...
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Alpine man
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17
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2980
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VAT EC Sales List
(Preview)
I've got no transactions to report for the period the form covers, should I send it back blank? It does say not to fill it in but it also says I'll get fined if I send it back late!! Stupid question I know but its early and my brains still asleep!!
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additionsbookkeeping
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3
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2802
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Messy books
(Preview)
Due to two particular companies who trade under the same umberella confusing me with invoices that were duplicated though for exactly the same thing, (plus the fact that they weren't for the people I am helping out,..... long story to do with buying the business yet some invoices arriving to do with t...
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Rhianrach
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9
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2715
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Hairdressers Accounts - where to begin?
(Preview)
Hi, I have a potential new client who is a hairdresser. I am not sure where I would begin to do her book-keeping. Most of her business is cash in hand (about 99%) and she has not issued any receipts. She has kept an informal log of her clients and how much they have paid her. She also has a bag of receipts of all...
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Newby
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24
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26593
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Funny situation
(Preview)
Hi there guys, needing a bit of help. I have got a new client who is partially sited. Due to this he has got a chauffeur who works just 16 hours a week. My client pays the chauffeur his wage then is refunded via a trust. Could you please tell me how this would be recorded in the books. I am assuming that the pa...
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Dotty
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4
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1740
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Am I right?
(Preview)
Good afternoon Everyone I have experience in sales and purchase ledger and work for a company and I have passed AAT Intermidiate level and studying toward AAT technician level. I am starting bookkeeping business. I am using moneysoft for payroll and VT cash book for bookkeeing. I am bit confused abo...
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Moody
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11
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5858
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Thanks!
(Preview)
Ta to those who replied to my post- job interview on Charity accounts Friday, I got the job offer today! part time so I can continue to study AAT and do book-keeping part time too. Don't know who is happier me or my wife!! Regards, Tony
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tonys
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6
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1883
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getting a job!!
(Preview)
Hey Guys, Need some advice (AGAIN), I have a merit in Level 1 and Distinction in Level 2 in Manual Bookkeeping and am coming up to taking my exam in computerised bookkeeping.Is this enough to get a job? Iv no experience in this area as Iv spent the last 9 years managing a betting shop but now want to get out o...
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EthanP
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1
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1692
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MLR
(Preview)
Is there anything i can do whilst waiting for MLR. i.e set up system ready for invoices to be entered etc....
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emmajane
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1
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2089
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Charity accounts
(Preview)
I am going to a working interview for a charity organisation. They are on sage which I have experience with. I have never done a charity before though always partnerships, sole trader any tips? Tony
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tonys
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3
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1879
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