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

Athena · Athena

Many of the items I use for my work I also use for my personal life. For instance, I write all my articles on my computer. However, I also use my computer to email my friends and family and play games. When it comes to taxes, how should I treat equipment that is used for both purposes? I know the best thing wou...

Athena · Athena

Hi everyone, As I mentioned in my introduction, bookkeeping is not one of my strongest skills, yet it's one I need to develop in order to make my freelance writing business work. Does anyone have any suggestions for a simple bookkeeping method that would help me keep track of money received, money owe...

Athena · Athena

Hi! It's a little ironic that I'm signed up for this forum since bookkeeping is not my strongest skill, but I'm working very hard to build a freelance writing business, and I have got to get my bookkeeping skills up to snuff. I know I lose money through not sending timely bills and not keepi...

TomR · TomR

Book-keeping question here! I’m getting confused when it comes to %s and ratios. Can anyone please explain what the terms ‘mark-up’ and ‘gross profit percentage’ are? Thanks, Tom

dave123 · dave123

My wife and I bought a post office and newsagents using personal money of £85K. How do we show this in the books, and how would we get it back? Many thanks, Dave

Sundance · Sundance

Help! I'm trying to calculate the VAT Scale Charges on vehicles. Where can I get a copy of the current rates and rules for how to apply the rates?

LondonSon · LondonSon

Every year my business is audited by a firm of Chartered Accountants. I’m getting itchy feet and would like to move accountants. Does anyone know who owns the audit work papers, me or the audit firm?

Sundance · Sundance

I'm doing the books for a café that also sells takeaway food. He doesn't have stock because he buys as needed each day. How do I record his purchases of food and other food related items? I've been recording them as cost of sales. Is this correct?

Summer · Summer

I have a client who runs a small plumbing business. He’s just purchased a PDA for tracking jobs and quotes etc. It only cost a little over a hundred pounds, do I still need to enter it as a capital asset or can it be just expensed? If expensed, can it just go to the computer expenses code? Would be grateful f...

Sundance · Sundance

I am fairly new to bookkeeping and have a question regarding a vehicle loan. My client purchased a new vehicle with payment protection insurance. What account do I analyse the insurance to?

Cheers!

-- Edited by Sundance at 12:13, 2007-03-06

Topic		Started By	Replies	Views	Last Post
	Business/Personal Use (Preview) Many of the items I use for my work I also use for my personal life. For instance, I write all my articles on my computer. However, I also use my computer to email my friends and family and play games. When it comes to taxes, how should I treat equipment that is used for both purposes? I know the best thing wou...	Athena	1	5978	Wed Apr 4 19:13 2007 by Man66
	Keeping Track of Business (Preview) Hi everyone, As I mentioned in my introduction, bookkeeping is not one of my strongest skills, yet it's one I need to develop in order to make my freelance writing business work. Does anyone have any suggestions for a simple bookkeeping method that would help me keep track of money received, money owe...	Athena	4	3485	Fri Mar 30 18:44 2007 by Athena
	Hi, Everyone - Needing Help & Advice (Preview) Hi! It's a little ironic that I'm signed up for this forum since bookkeeping is not my strongest skill, but I'm working very hard to build a freelance writing business, and I have got to get my bookkeeping skills up to snuff. I know I lose money through not sending timely bills and not keepi...	Athena	2	12244	Fri Mar 30 18:27 2007 by startingout
	Whats the difference between Mark-up and GP Margin? (Preview) Book-keeping question here! I’m getting confused when it comes to %s and ratios. Can anyone please explain what the terms ‘mark-up’ and ‘gross profit percentage’ are? Thanks, Tom	TomR	2	9578	Tue Mar 13 15:42 2007 by TomR
	Business purchase (Preview) My wife and I bought a post office and newsagents using personal money of £85K. How do we show this in the books, and how would we get it back? Many thanks, Dave	dave123	2	3795	Mon Mar 12 12:29 2007 by dave123
	Where can I get the current rates for VAT Scale Charges? (Preview) Help! I'm trying to calculate the VAT Scale Charges on vehicles. Where can I get a copy of the current rates and rules for how to apply the rates?	Sundance	1	8262	Fri Mar 9 13:02 2007 by Man66
	Who owns the audit work papers? (Preview) Every year my business is audited by a firm of Chartered Accountants. I’m getting itchy feet and would like to move accountants. Does anyone know who owns the audit work papers, me or the audit firm?	LondonSon	1	8589	Fri Mar 9 12:45 2007 by Accountsguy
	Cost of sales (Preview) I'm doing the books for a café that also sells takeaway food. He doesn't have stock because he buys as needed each day. How do I record his purchases of food and other food related items? I've been recording them as cost of sales. Is this correct?	Sundance	1	3334	Fri Mar 9 12:43 2007 by Accountsguy
	Capital or revenue expense? (Preview) I have a client who runs a small plumbing business. He’s just purchased a PDA for tracking jobs and quotes etc. It only cost a little over a hundred pounds, do I still need to enter it as a capital asset or can it be just expensed? If expensed, can it just go to the computer expenses code? Would be grateful f...	Summer	1	3685	Thu Mar 8 15:48 2007 by Accountsguy
	Payment Protection Insurance (Preview) I am fairly new to bookkeeping and have a question regarding a vehicle loan. My client purchased a new vehicle with payment protection insurance. What account do I analyse the insurance to? Cheers! -- Edited by Sundance at 12:13, 2007-03-06	Sundance	2	3020	Tue Mar 6 12:13 2007 by Sundance
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