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

benva09 · benva09

we hire out tents and pitches etc over the summer period, in order to keep stock of items out, once the order has been confirmed it is invoiced immediately with a request that 25% be paid to secure remainder to be paid 1 month before hire date.. this ensures we dont over hire our equipment and double book...

Salvo · Salvo

Hello, I need to fill up my VAT Returns for the first time. I've been working as delivery driver and I really don't know how to fill the boxes, I mean what can I consider as output(SALES) and what as input(PURCHASES)? I just delivered, I didn't sell anything and buy anything. Thank you

alexandriax · alexandriax

Hi, I am helping a friend with her Purchase Ledger and she wants all the petrol and other receipts her partner in the business entering on the purchase ledger. My questions is as he paid in cash for all these things if i input them on the ledger i can't clear them off the bank as they dont appear on the statem...

Leger · Leger

I never could get my head round doing the journal for a vehicle disposal Bought for £11495 (+VAT) insurance loss (stolen) received £20870 1st question is should I account for the VAT on amount received, my thoughts say no as insurance don't pay the VAT. Ignoring that for a minute I know that £11495 i...

sjl1974 · sjl1974

Any advice on this would be appreciated. I have a client who runs 2 separate companies, one is VAT registered and the other isn't. He receives a couple of supplier invoices that relate to both companies, i.e. the premises rent invoice needs to be split between the 2 companies, his phone invoice, insu...

Ace_Huss · Ace_Huss

We made a foreign currency payment from Silicon Valley Bank for a USD invoice which bounced back a week later however the amount returned to the account is lower than the original payment due to FX difference. I'm unsure on how to treat the two transactions on the bank ledger in Xero as the credit and deb...

phil_books · phil_books

Can anyone recommend some decent book keeping podcasts? I've enjoyed listening to them generally lately to drown out the noise of the kids when working from home but figured instead of listening to comedy I could educate myself on work related stuff.

Louise2022 · Louise2022

Hi All, I have been with my current employer for 20 years, and ACCA qualified. I've been wanting to set up on my own for quite some time now. I need to apply for an ACCA practicing certificate before I can go any further. My concern is I don't want to give up my job until I am in a strong position in my new ventur...

DoreenL1 · DoreenL1

Non director has bought fuel for his company vehicle and has lost the receipt. I can't claim VAT as no receipt so what tax code do I use T9 or T0?

AnnAH23 · AnnAH23

Hi, my first post! Does anyone use sage and have sale or return items? Struggling to get my head around how to process! The Co is VAT registered, but the suppliers of the items on SoR are not. Previously, the company has accounted for VAT on the full sales price of the item, however i'm thinking they shoul...

Ziambe · Ziambe

Hello all! I hope its ok to start with a question :) Most likely its a very simple issue, but any help would nevertheless be really welcome. My question involves the following: My flatmates and I would like to share all of our utility costs equally. I pay all of the bills except for internet which is paid b...

Noddy1985 · Noddy1985

Hello I use VT+ for my business. I want to ask what is the best way to record and manage an employee's interest free loan? The loan will be repaid by monthly instalments from deductions from the salary. So, it would be good to have suggestions to how I can modify the payroll journal to a keep a record of the l...

helen19893355 · helen19893355

Hi we have an very old bank account which we can no longer use or have access to. There is a small amount of cash in it. I need to write this off in the balance sheet. Question where does the other side of the entry go to in the P/L. Thanks

Davina · Davina

Hi, director paid for equipment before company started, entering those onto Sage and recording a credit note as invoice paid by director, however the credit note does not include the VAT amount so makes his balance less?? Any suggestions

onlinebookkeeper · onlinebookkeeper

hii...i am new in this book-keeping feild..tell me good book-keeping and accounting related books on internet...by which i can learn new things... thanx and regards,

Caspar · Caspar

Hi I wonder if anyone knows the entries for this transaction as I haven't done one of these before: Other Investment B/S (valued at £20,000 in the accounts) Sold for £8,000 to a related party (a valuation was done on the day of sale and it was shown to be now only worth this lower figure, due to the downturn...

Keelbolt · Keelbolt

I'm new to doing the accounts for a Country Rock Band. There are very few accounts, and it should be quite simple. I've just issued an invoice that is due for payment in July 22. As I'm using double entry, I have credited the Trade Debtors account with the invoice amount because they owe the band, and d...

new start up · new start up

Is this allowed? Say I run a limited company and my rent and lease of the property is in my personal name and I put the invoices though the books as that. Will the accountant who finalizes the books at the end of the year; will the inland revenue as well except this? Thanks

Elaine105 · Elaine105

Hi I have a client who banks with the NatWest and they would like to import the suppliers batch payments from Xero to their NatWest Portal for payment. However, I've found that the NatWest requires a .text document for the import and Xero only exports the date either by csv or BACS file, so these are no...

blueeyes · blueeyes

Hi, I have a client who has raised an invoice and put both the mileage and recharge of parking expenses as materials, therefore not had the deduction made. I just want to confirm both are within the scope of CIS before I say something. TIA

Topic		Started By	Replies	Views	Last Post
	help please (Preview) we hire out tents and pitches etc over the summer period, in order to keep stock of items out, once the order has been confirmed it is invoiced immediately with a request that 25% be paid to secure remainder to be paid 1 month before hire date.. this ensures we dont over hire our equipment and double book...	benva09	1	1484	Sat Sep 17 20:41 2022 by Truemanbrown
	Delivery Driver VAT Returns (Preview) Hello, I need to fill up my VAT Returns for the first time. I've been working as delivery driver and I really don't know how to fill the boxes, I mean what can I consider as output(SALES) and what as input(PURCHASES)? I just delivered, I didn't sell anything and buy anything. Thank you	Salvo	9	2512	Fri Sep 16 17:45 2022 by Truemanbrown
	Petrol Receipts (Preview) Hi, I am helping a friend with her Purchase Ledger and she wants all the petrol and other receipts her partner in the business entering on the purchase ledger. My questions is as he paid in cash for all these things if i input them on the ledger i can't clear them off the bank as they dont appear on the statem...	alexandriax	10	3095	Thu Sep 15 01:16 2022 by Truemanbrown
	Vehicle Disposal Journal (Preview) I never could get my head round doing the journal for a vehicle disposal Bought for £11495 (+VAT) insurance loss (stolen) received £20870 1st question is should I account for the VAT on amount received, my thoughts say no as insurance don't pay the VAT. Ignoring that for a minute I know that £11495 i...	Leger	8	1623	Wed Aug 31 09:24 2022 by Leger
	1 supplier invoice needs to be split between 2 companies (Preview) Any advice on this would be appreciated. I have a client who runs 2 separate companies, one is VAT registered and the other isn't. He receives a couple of supplier invoices that relate to both companies, i.e. the premises rent invoice needs to be split between the 2 companies, his phone invoice, insu...	sjl1974	2	1258	Wed Aug 24 09:32 2022 by HelenF02
	Treatment of difference in foreign currency payment bounce back (Preview) We made a foreign currency payment from Silicon Valley Bank for a USD invoice which bounced back a week later however the amount returned to the account is lower than the original payment due to FX difference. I'm unsure on how to treat the two transactions on the bank ledger in Xero as the credit and deb...	Ace_Huss	2	1321	Sat Aug 20 01:22 2022 by Dos Master
	Podcasts (Preview) Can anyone recommend some decent book keeping podcasts? I've enjoyed listening to them generally lately to drown out the noise of the kids when working from home but figured instead of listening to comedy I could educate myself on work related stuff.	phil_books	2	1350	Tue Aug 9 14:16 2022 by phil_books
	ACCA Practicing Certificate acca practicing certificate new business (Preview) Hi All, I have been with my current employer for 20 years, and ACCA qualified. I've been wanting to set up on my own for quite some time now. I need to apply for an ACCA practicing certificate before I can go any further. My concern is I don't want to give up my job until I am in a strong position in my new ventur...	Louise2022	2	1619	Sun Aug 7 13:56 2022 by Louise2022
	What SAGE tax code to use (Preview) Non director has bought fuel for his company vehicle and has lost the receipt. I can't claim VAT as no receipt so what tax code do I use T9 or T0?	DoreenL1	2	1458	Thu Jul 21 08:55 2022 by The Sage Lady
	Sage - Sale or Return (Preview) Hi, my first post! Does anyone use sage and have sale or return items? Struggling to get my head around how to process! The Co is VAT registered, but the suppliers of the items on SoR are not. Previously, the company has accounted for VAT on the full sales price of the item, however i'm thinking they shoul...	AnnAH23	1	1271	Thu Jul 21 08:51 2022 by The Sage Lady
	Looking for help splitting household costs (Preview) Hello all! I hope its ok to start with a question :) Most likely its a very simple issue, but any help would nevertheless be really welcome. My question involves the following: My flatmates and I would like to share all of our utility costs equally. I pay all of the bills except for internet which is paid b...	Ziambe	2	1095	Sat Jul 2 12:41 2022 by Ziambe
	Employee loan (Preview) Hello I use VT+ for my business. I want to ask what is the best way to record and manage an employee's interest free loan? The loan will be repaid by monthly instalments from deductions from the salary. So, it would be good to have suggestions to how I can modify the payroll journal to a keep a record of the l...	Noddy1985	1	1128	Thu Jun 23 21:04 2022 by Leger
	Write off of inaccessible bank account (Preview) Hi we have an very old bank account which we can no longer use or have access to. There is a small amount of cash in it. I need to write this off in the balance sheet. Question where does the other side of the entry go to in the P/L. Thanks	helen19893355	2	1286	Sat Jun 18 23:50 2022 by helen19893355
	Credit note to directors loan does not include tax on directors loan nominal (Preview) Hi, director paid for equipment before company started, entering those onto Sage and recording a credit note as invoice paid by director, however the credit note does not include the VAT amount so makes his balance less?? Any suggestions	Davina	5	1504	Wed Jun 15 13:08 2022 by HarryStottle
	book-keeping related books. (Preview) hii...i am new in this book-keeping feild..tell me good book-keeping and accounting related books on internet...by which i can learn new things... thanx and regards,	onlinebookkeeper	8	2948	Fri Jun 10 02:52 2022 by rynaluis
	Sale of Investment in Ltd Co and realised loss Double Entries (Preview) Hi I wonder if anyone knows the entries for this transaction as I haven't done one of these before: Other Investment B/S (valued at £20,000 in the accounts) Sold for £8,000 to a related party (a valuation was done on the day of sale and it was shown to be now only worth this lower figure, due to the downturn...	Caspar	0	1015	Thu May 19 16:04 2022 by Caspar
	Issuing an Invoice for future payment (Preview) I'm new to doing the accounts for a Country Rock Band. There are very few accounts, and it should be quite simple. I've just issued an invoice that is due for payment in July 22. As I'm using double entry, I have credited the Trade Debtors account with the invoice amount because they owe the band, and d...	Keelbolt	2	1220	Sun May 8 12:10 2022 by Leger
	Limited company putting invoices though books on personal name (Preview) Is this allowed? Say I run a limited company and my rent and lease of the property is in my personal name and I put the invoices though the books as that. Will the accountant who finalizes the books at the end of the year; will the inland revenue as well except this? Thanks	new start up	2	1184	Wed Apr 27 18:32 2022 by new start up
	Xero Batch Supplier Payments & NatWest (Preview) Hi I have a client who banks with the NatWest and they would like to import the suppliers batch payments from Xero to their NatWest Portal for payment. However, I've found that the NatWest requires a .text document for the import and Xero only exports the date either by csv or BACS file, so these are no...	Elaine105	0	1058	Tue Apr 26 10:06 2022 by Elaine105
	Recharge of parking, is it within the scope of CIS? (Preview) Hi, I have a client who has raised an invoice and put both the mileage and recharge of parking expenses as materials, therefore not had the deduction made. I just want to confirm both are within the scope of CIS before I say something. TIA	blueeyes	2	1219	Tue Apr 19 19:15 2022 by Artois
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