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factoring company
(Preview)
Hi All, I wonder if you could help me, I have been thinking over and over a scenario and can't make up my mind on the situation. The situation is that I have a client who factor's out his invoices, he is vat registered, I have posted the sales invoices as normal (obviously the vat part going to the sales vat c...
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lor
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10
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4647
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Help with opening balances.
(Preview)
Hi all, Please could anyone help with the following problems: I received an opening trial balance from my clients accountant and amongst these figures was an opening amount of £500 for one of his customers. This was actually paid by cheque and banked at the end of the previous month so therefore I d...
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Denise
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7
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2777
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Capital allowance
(Preview)
Whats the difference between accounting for total spent on capital aloowance i.e tools, after profits calculated rather than including them as a business expense before profits are calculated? Surely the total profits will be the same done either way. Am I missing something!!
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jillemily
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3
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2482
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Buy to let tax deductions
(Preview)
hi there Can anyone help with Buy to lets and what is an allowable expense. I am trying to find out if the initial cost, solicitors, stamp duty, mortgage set up fee etc can be set off against the rentable income for tax purposes. I know that Mortgage interest, insurance, letting fees, use of home office i...
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gerry
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7
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15639
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Capital allowances / AIA / depreciation - HELP?!
(Preview)
Hi. I would be so grateful if someone was able to give me some advice. I am helping a friend to do his first years accounts to year end 5th April 2008. He is a self-employed tree surgeon. In his first year of trading he purchased the following and I am unsure how to account for them (I am using Quickbooks): - A...
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katieanne
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3
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13546
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Partnership Self Assessment/Partnership Statmwnt
(Preview)
Hi, Im helping a friend with their self assessment. I have done S.A's before but not for a partnership. I have been told a few different things and im abit confused. HMRC have helped with the confusion! My friend has registered online ready to do his individual S.A but we have been told (by HMRC) that he a...
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blondie
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7
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2307
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Bookeeping can be a lonely job
(Preview)
Hi there, I have been running my own bookeeping business for 5 months now. Its going really well and I have as many clients as I want BUT I am finding it a very lonely business. I guess I am used to working in an office with other people but now I work in offices or at home by myself and I must admit, although I en...
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gerry
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13
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2746
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Wanted - Bookcert Business Kit
(Preview)
Has anyone finished with their BBK and are looking to sell it on. If so please contact me at appdev9a2@a.dii.mod.uk Best Wishes TheBooky
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thebooky
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0
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1215
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Data Protection
(Preview)
Hi There Is it correct that, as bookkeepers we should register as Data controllers because of the Data Protection Act. I understand that there is an annual fee of £35.00. I have heard of registereing with MLR before but not Data protection. Can anyone advise? many thanks Gerry
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gerry
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16
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6544
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CIS Payments
(Preview)
My client is a sole trader and some work has CIS deductions taken off invoice when paid do I put theses CIS deductions through as an expense? He is not VAT registered.
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jillemily
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3
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2404
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sole trader accounts
(Preview)
Hi Guys I was wondering if anyone could enlighten me on this: A profit and loss has been done for sole trader showing a loss for the year, there is no balance sheet. just a p & l for their SA return. The client deposited some money in the account to cover the extra costs, how is this treated in the p n l? i...
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Zigs
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2
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2228
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Chart of Accounts for a new community project
(Preview)
Hi there I'm now a member of a steering group charged with the building and setting up of a new community centre in the area. As part of this project, which has been going on for years, the business plan etc was developed with absolutely no financials, which I find rather odd. My task is to try to get toget...
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Paul_g67
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1
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1641
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Final Demand letters
(Preview)
Hi Everyone, I'm on the ask again - sorry!! Has anybody got some debt chasing letters I can have copies of please? from nice-ish letters requesting payment to final demand letters which are stronger. The reason I ask is because I have somebody who hasn't paid me and I want to issue letters before a cou...
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Susie Sue
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2
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2169
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EXCAMS
(Preview)
PLEASE CAN SOMEONE HELP I'M DOING MY LEVEL 1 EXAM IN A COUPLE OF WEEKS AND I'VE GOT A TEST PAPER THATS DRIVING ME MAD HOW DO I TRANSFER A CASH BOOK ENTRY STRAIGHT IN TO THE LEGER ACCOUNTS NOT DOING DAY BOOKS. ANY BODY ABLE TO HELP WOULD BE GRETFULL
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ary
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0
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1817
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Correct VAT code for Business Entertainment
(Preview)
Hello Something I've been searching for and can't find a definitive answer to...in Sage (or similar accounting package) what is the correct VAT code to account for business entertainment i.e. when VAT cannot be reclaimed? Many thanks and a merry Christmas to all.
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mj
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0
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3926
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Sage 50 - Posting Expenses
(Preview)
Just like to say Hi to everyone in the forum. Ive recently started training myself at home learning Sage 50 - i have worked as a bookkeeper and accounts assistant in the past. Due to family and personal reasons i stopped doing this type of work about 8 years ago - i had other jobs but they were not accounts r...
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SolidAir
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1
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4372
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Travel expenses
(Preview)
Hiya guys, Just a quick question please - could anyone please tell me how to account for a 40p per mile claim for travel expenses from the employer on sage - so if it's actually him who's claiming the expense, having paid it from his account? Would I set up a dummy bank account 'employers expenses', and th...
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Tom H P
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2
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1625
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travel expenses (confusion element!!)
(Preview)
Hi sorry to be a pain - what I'm confused about is when the director pays for petrol for the company car, and claims 40p a mile standard rate for business miles. How does it tally up, when the money spent on fuel (therefore the cash at bank) will be different to the travel expenses that actually goes throug...
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Tom H P
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5
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2035
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Mileage Adjustment
(Preview)
I have posted a years worth of reciepts for diesel and motor expenses but have used the mileage formula to work out total motor expense for the SA. How do I show this adjustment in the accounts?
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jillemily
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4
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1612
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Ltd Company
(Preview)
Hi All can anybody tell me the pitfalls of registering a Ltd company to a home address?
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Hopeful
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10
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2257
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