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

Shamus · Shamus

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

Sasha76 · Sasha76

I was hoping someone could tell me how I write-off multiple purchase invoices, that have been allocated to different nominals, on one suppliers acc. For example: Supplier A has a balance of £2000 in o/s invoices. This amount includes charges that have been made to various nominals e.g repairs, proj...

Aboo · Aboo

I have recently starting using accounting software, which means I now have to categorise all of my expenses in a way that I wasn't doing before! In my business I run a lot of pottery hen parties, and a local bar gives us a room for free, in exchange for buying a glass of prosecco for each of the hens who come t...

Claire79 · Claire79

Hi I was just wondering what nominal code you use when you receive and invoice from a supplier who done nightshift for you but used your lorry?

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...

FingerBob · FingerBob

Hi, new here. I own a micro business that's been meandering along for 10 years. I accept I should know the answer to this, but I've forgotten The company has fixed assets of 100Total assets less current liabilities 100Creditors: amounts falling due after more than one year (£441,378)Total net ass...

KAZ · KAZ

Good morning all! I have a client who is looking pay his employee a bonus which he is sacrificing to NEST. I am really struggling to post it and Xero has still not answered the query. Has anyone processed it and able to advise me? Kaz -- Edited by KAZ on Tuesday 26th of March 2024 09:19:53 AM

Kait92 · Kait92

Hi All, I am just wondering on how to treat a non-utilisation fee. Would this be posted as a bank payment in the 79o1 range, or in 2301 along with the loan it refers to? Many thanks for your help.

outsourcingbookkeeping · outsourcingbookkeeping

I consider following benefits when outsource bookkeeping services. * Weekly and Monthly Profit and Loss Account and Balance Sheet * Monthly, Quarterly or Yearly Comparison of Incomes and Expenses * Providing profit percentages, trends of Incomes and Expenses * Ratio Analysis Please share your...

pbr · pbr

Hi, All I previously used the HMRC basic paye software from 2017 and after that, I used a 12pay cloud-based free software for up to 10 employees, but now 12pay will be charging £5 for every month to use their software even if I use for 1 person for payroll. However, I am trying to start using the HMRC...

LLM · LLM

Hi, Started a new job and am hoping for some guidance on which Sage tax code to use for certain things. I've had a look through previous posts on Sage and certain transactions seem to vary from T0, T2 and T9. My main question is around entertainment. For example, client entertainment (lunches, drinks e...

Diona · Diona

Hello all,I hope you will be able to help.Is it ok to clear very old creditors balances from the ledger?If the amount are real confirmed balances do we need to keep them on the ledger or we can clear them after 6 months?Thank you!

Tominv · Tominv

All, hope you are doing great! Co-founder of a startup aiming at supporting accountants with client interactions and data management leveraging AI. Still in early days, we're keen to understand the key paint points accountants face daily around this topic - to basically build a solution around it...

Ash le Vin · Ash le Vin

Hi, Please could you advise on where the income is liable for tax? Euro income that is directly transferred into GBP and then into a GB current account. Should tax be paid in Belgium (where Wise Euro account is registered), or should it be declared only in Britain? If declared in Belgium, will tax be w...

fondant boss · fondant boss

I started my business, bought all the equiptment used for it costing about £3000 but that was out of my dads will. it took me 3 years to figger it all out, and this is my second year of doing cake toppers for people. so far i think i can claim for electric as i use my computer and phone, phone costs. items i buy f...

SallyGDD · SallyGDD

Hi all, I have a general question regarding how to log refunds. I have just subscribed to Quickbooks Self Employed and going through transferring all my bank statements and reconciling all the transactions etc. There are several transactions I am unsure how to classify and treat and these are mainl...

olympic · olympic

Greetings fellow bookkeepers, I recently came across some intriguing data from the Fleet200 Strategy Network (FSN) survey that indicates a notable trend in the implementation of salary sacrifice within fleets. A significant 36% of companies surveyed have embraced this practice, with 32% opti...

Neil123 · Neil123

Hi, I do the bookkeeping for an orchestra, and I have a question about VAT dissagregation I'm hoping someone might be able to advise on please. The orchestra has some work next year, which are being funded by the conductor. The orchestra is VAT registered, but the conductor is not.Usually in this sit...

HER · HER

Hi Everyone, Quick question - if you were to undertake a training day on behalf of an organisation with which you are working (to better understand the environment in which they/you work in), would you reduce your normal bookeeping hourly rate? With thanks for any helpful responses. HER

Nicky G · Nicky G

Hello, I need to create a new nominal ledger for electric charging. I'm using Sage accounting. Should I create it alongside all the other motoring expenses? 7305 is available.

Topic		Started By	Replies	Views	Last Post
	STICKY: Before Posting (closed) (Preview) http://www.book-keepers.org.uk/t62264820/site-ethics/	Shamus	0	8312	Sat Jun 11 15:07 2016 by Shamus
	Multiple p/invoices write off (Preview) I was hoping someone could tell me how I write-off multiple purchase invoices, that have been allocated to different nominals, on one suppliers acc. For example: Supplier A has a balance of £2000 in o/s invoices. This amount includes charges that have been made to various nominals e.g repairs, proj...	Sasha76	2	218	Fri Apr 19 09:01 2024 by Shaun60
	Is this an exempt business expense? business expense (Preview) I have recently starting using accounting software, which means I now have to categorise all of my expenses in a way that I wasn't doing before! In my business I run a lot of pottery hen parties, and a local bar gives us a room for free, in exchange for buying a glass of prosecco for each of the hens who come t...	Aboo	1	243	Sun Apr 14 07:49 2024 by Jayne Jinx
	Invoice for nightshift (Preview) Hi I was just wondering what nominal code you use when you receive and invoice from a supplier who done nightshift for you but used your lorry?	Claire79	1	170	Sat Apr 13 12:23 2024 by Jayne Jinx
	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	1	132	Sat Apr 13 07:26 2024 by Jayne Jinx
	Is my limited co insolvent? (Preview) Hi, new here. I own a micro business that's been meandering along for 10 years. I accept I should know the answer to this, but I've forgotten The company has fixed assets of 100Total assets less current liabilities 100Creditors: amounts falling due after more than one year (£441,378)Total net ass...	FingerBob	3	501	Tue Apr 2 17:02 2024 by FingerBob
	Bonus Sacrifice to NEST Pension Xero Payroll (Preview) Good morning all! I have a client who is looking pay his employee a bonus which he is sacrificing to NEST. I am really struggling to post it and Xero has still not answered the query. Has anyone processed it and able to advise me? Kaz -- Edited by KAZ on Tuesday 26th of March 2024 09:19:53 AM	KAZ	1	296	Thu Mar 28 09:35 2024 by BooksByCharlotte
	Non Utilisation Fee in Sage (Preview) Hi All, I am just wondering on how to treat a non-utilisation fee. Would this be posted as a bank payment in the 79o1 range, or in 2301 along with the loan it refers to? Many thanks for your help.	Kait92	1	291	Thu Mar 28 09:28 2024 by BooksByCharlotte
	Which is the benefits when outsource bookkeeping services bookkeeping (Preview) I consider following benefits when outsource bookkeeping services. * Weekly and Monthly Profit and Loss Account and Balance Sheet * Monthly, Quarterly or Yearly Comparison of Incomes and Expenses * Providing profit percentages, trends of Incomes and Expenses * Ratio Analysis Please share your...	outsourcingbookkeeping	29	14031	Fri Mar 15 06:57 2024 by jamestoddandco
	payroll software (Preview) Hi, All I previously used the HMRC basic paye software from 2017 and after that, I used a 12pay cloud-based free software for up to 10 employees, but now 12pay will be charging £5 for every month to use their software even if I use for 1 person for payroll. However, I am trying to start using the HMRC...	pbr	2	662	Mon Mar 4 11:08 2024 by ukoutbooks
	Sage tax code advice (Preview) Hi, Started a new job and am hoping for some guidance on which Sage tax code to use for certain things. I've had a look through previous posts on Sage and certain transactions seem to vary from T0, T2 and T9. My main question is around entertainment. For example, client entertainment (lunches, drinks e...	LLM	1	414	Wed Feb 28 17:33 2024 by jammidodger
	Principles of writing off old creditors (Preview) Hello all,I hope you will be able to help.Is it ok to clear very old creditors balances from the ledger?If the amount are real confirmed balances do we need to keep them on the ledger or we can clear them after 6 months?Thank you!	Diona	1	489	Mon Feb 26 15:56 2024 by BooksByCharlotte
	Accounting AI Software Startup (Preview) All, hope you are doing great! Co-founder of a startup aiming at supporting accountants with client interactions and data management leveraging AI. Still in early days, we're keen to understand the key paint points accountants face daily around this topic - to basically build a solution around it...	Tominv	1	633	Tue Jan 30 17:14 2024 by Shaun60
	Tax liability: Payments in EUROs into Wise EURO account in Belgium (initially registered in UK) (Preview) Hi, Please could you advise on where the income is liable for tax? Euro income that is directly transferred into GBP and then into a GB current account. Should tax be paid in Belgium (where Wise Euro account is registered), or should it be declared only in Britain? If declared in Belgium, will tax be w...	Ash le Vin	1	633	Mon Jan 8 16:54 2024 by YouNeedTo
	What can i claim for? (Preview) I started my business, bought all the equiptment used for it costing about £3000 but that was out of my dads will. it took me 3 years to figger it all out, and this is my second year of doing cake toppers for people. so far i think i can claim for electric as i use my computer and phone, phone costs. items i buy f...	fondant boss	2	654	Mon Jan 8 09:46 2024 by YouNeedTo
	Sole Trader - how to classify supplies refunds in book keeping (Preview) Hi all, I have a general question regarding how to log refunds. I have just subscribed to Quickbooks Self Employed and going through transferring all my bank statements and reconciling all the transactions etc. There are several transactions I am unsure how to classify and treat and these are mainl...	SallyGDD	1	909	Thu Jan 4 15:34 2024 by BooksByCharlotte
	Exploring the Adoption of Salary Sacrifice in Fleet Management (Preview) Greetings fellow bookkeepers, I recently came across some intriguing data from the Fleet200 Strategy Network (FSN) survey that indicates a notable trend in the implementation of salary sacrifice within fleets. A significant 36% of companies surveyed have embraced this practice, with 32% opti...	olympic	3	961	Thu Jan 4 12:37 2024 by BBking
	VAT dissagregation (Preview) Hi, I do the bookkeeping for an orchestra, and I have a question about VAT dissagregation I'm hoping someone might be able to advise on please. The orchestra has some work next year, which are being funded by the conductor. The orchestra is VAT registered, but the conductor is not.Usually in this sit...	Neil123	2	752	Mon Dec 4 14:15 2023 by Neil123
	Hourly Charge rate when Training on behalf of a Client (Preview) Hi Everyone, Quick question - if you were to undertake a training day on behalf of an organisation with which you are working (to better understand the environment in which they/you work in), would you reduce your normal bookeeping hourly rate? With thanks for any helpful responses. HER	HER	1	858	Wed Nov 29 14:04 2023 by olympic
	New nominal ledger for electric charging (Preview) Hello, I need to create a new nominal ledger for electric charging. I'm using Sage accounting. Should I create it alongside all the other motoring expenses? 7305 is available.	Nicky G	2	944	Mon Nov 27 12:52 2023 by BBking
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