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Working from home , subsistence
(Preview)
Hi After reading through few of the related the articles I've decided to kindly ask for the opinions. The customer no 1 is a SE baker working from home. Some refurbishment has been performed at two rooms at their house , living room has been converted to a kitchen / production floor. Would it be corr...
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Roadrunner
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8
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2194
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Saving Data in XERO
(Preview)
Hi It seems that Xero only holds data from the last Financial year and the current one. Does anyone know if Xero has an archive ? If you need to look at your accounts records from say 4years ago - it does not seem possible. I am a bit worried that purchase invoices that I have embedded in Xero will disa...
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citygal5
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11
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2201
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Cashbacks tracked on off-licence stores
(Preview)
I got the Cardnet report with service carges+fees; preparing the VAt but need to trace Cashbacks? Second, what's best method for bookkeeping via Quickbooks for off-licence stores? Do i have to use a clearing account to clearing Banking feeds? or try to post CardNet receipts directly to Sales, th...
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AJones
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2
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1469
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When a sole trader dies
(Preview)
Hi Everyone One of my sole-trader clients has passed away suddenly and the family will be passing me the records they can find to complete 20/21 which should be straightforward. My brain is now overthinking what to do with 21/22? Any guidance would be much appreciated. Thank you
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Kinbuck
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7
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1926
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The Difference Between Cash Accounting and Accruals
(Preview)
All I know is that a) cant use capital allowances with cash accounting, b) cash accounting is based on when money is paid and accruals is invoice based, c) not supposed to change from one to the other, d) small companies often better with cash as it helps cash flow yes? Is there anything else to it and how s...
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Digdogs
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2
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1461
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Conditions in selling online locally and internationally for UK and Ireland registered business.
(Preview)
Please layout the different conditions in selling online, locally, & internationally from a UK-registered business and an Irish-registered business. Your reply should not be solely Brexit-focused (can be referenced) but rather cover VAT / month-end / year-end points that are different a...
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airamae
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3
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1623
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IAB Criminal Records Check
(Preview)
Calling all barrack room lawyers. I have been a member of IAB for many years. I am retired and so am not in practice or employed. I recently received a demand from IAB to provide them with a current DBS check at my own expense, I replied telling them if they need one they should apply. I then came over all Vic...
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CharlieChav
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5
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1824
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Temporary Reduced VAT Rate - Pets
(Preview)
Hi I haven't been on for a while and hope everyone is okay. I have a client who runs a small hotel, he is just opening up again and has decided to go Pet Friendly. Would Pet charges whilst staying in the Guest rooms be charged at the Lower VAT Rate 5% or would this be classified as Standard VAT. Many Thanks Sh...
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Sheena
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1
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1374
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Manual salary Journal - Sage
(Preview)
Hello, I am very new to this and appreciate any help so that I can enter my first salary journal for April wages and get it right  I have come stuck as we have a CIS suffered refund amount (1570.04) and an NIC EA REFUND amount (1501.63) - and it is just confusing the life out of me. GROSS - 17897.49 ERS NI -...
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KimmyG1984
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1
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1405
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Community Benefit Society
(Preview)
Hello! I am a registered bookkeeper and have been approached by a CBS in my village to volunteer to carry out a lay audit to assure the administration and records relating to the sale of community shares. Can anyone tell me whether I can go ahead do this without breaking any AML rules? Thanks in advance...
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Melissa15
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8
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1911
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Inter company loan?
(Preview)
Hi, hope you can help :). I have 2 companies, A and B lets call them. I am using Xero for both. I want company A to loan money to company B, no interest, just a straight forward loan to be paid back at some point. Maybe or maybe not in instalments. I am creating a 'spend money' transaction in A to show the money g...
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Dirky
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0
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1297
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Stock supplies used in workshop
(Preview)
Hi all, I am going round in circle with this so thought I would ask for some ideas: A client runs stock module on Sage 50C. About 12 times a month workshop staff use some of the shop stock for workshop/cleaning use. They have been using the adjustments out module just to alter the stock which needs to chang...
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retsub35
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8
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1751
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Salary sacrifice
(Preview)
Could someone please help I am stuck on the posting for the salary sacrifice re bike to work scheme the company purchased a bike £500 for an employee to pay back via salalry sacrifice cost of the bike has been posted to assett account The amount of £53 is taken from the employee salary as a pre tax deduct...
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Samalixo
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0
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1367
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Directors Loan?
(Preview)
Hi all! I am student and need little help here Directors of limited company getting weekly, on top of their wages, fixed sum of money. They are using this money for cash purchases for the business. The reason is that the business is seasonal and there is not always enough cash flow to cover the business...
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Hana26
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11
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2185
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Posting donations received
(Preview)
Hi everyone, I'm still learning some of the basics of posting donations and I would appreciate any advice or help with this one. If I receive a donation from the company I use to process our online donations, on Sage 50 Accounts Charity option, do I post the donation date as the date we receive the donati...
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CJR
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1
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1504
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Approach to accounts
(Preview)
So, I have a client that has grown in the past year and had also has opened a business bank account. I am not experienced in dealing with businesses that don't work with accounting software! In the past he had shown a list of monthly invoices/receipts and a separate tab for sales invoices. Now that he ha...
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Count1314
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2
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1672
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Workflow Tools
(Preview)
Getting documents and data from clients is, if I'm not mistaken still the No 1 cause of time wasting in any practice, what tools and workflow systems are there out there that solves the problem to make things smoother?
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Pennant
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3
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1636
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Bookkeeping for a friend ?
(Preview)
Hello guys, I am currently completing my AAT Level 3 in Accounting, however after that I am planning on gaining my practice licence and bookkeepin g membership with ICB. As I can't get my membership with AAT as I have no practical experience. I am wondering for experience can I help do the books for my...
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Luke William
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4
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2389
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Exact time to file annual accounts and a confirmation - when
(Preview)
Hello everybody! I'm approaching the time when I'll have to file for the first time annual accounts and a confirmation statements for Companies House via WebFiling service. I just to to make sure when would be the due date for all of that. Though it's written in WebFiling, but it's not very intuitive t...
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michael1977
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7
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2060
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Help with reconciling employers NI cost
(Preview)
Im just starting out, am in the middle of level 4 AAT but this is the first time I have worked for myself and although I have passed my exams I dont have an awful lot of practical experience especially when it comes to making corrections when someone has historically done something wrong. The person Im c...
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KAT376
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4
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1868
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