Hi We are a small firm of accountants based in Leeds looking to buy bookkeeping/payroll/other small accountancy practices in West & North Yorkshire & surrounding areas up to approx. 100k. If this is something that may be of interest to you, please get in touch. Thanks Avanti
A client wants to deregister from vat, initially they said at 31st March but then gave me a sales invoice dated 9th April and a few April purchase receipts. I submitted the Jan-Mar vat return as usual, not including the April items. Would I be able to submit a one month April vat return in May whilst the Ap...
A client wants to deregister from vat, initially they said at 31st March but then gave me a sales invoice dated 9th April and a few April purchase receipts. I submitted the Jan-Mar vat return as usual, not including the April items. Would I be able to submit a one month April vat return in May whilst the Ap...
Shaun, I have seen the second Pilot paper - long question one, but I thought that one has not been officially issued yet.... I have not done it as I did not want to get myself confused if it not the exam format....yet. On the ACCA web site it only directs me to the standard 50 question one..... But not sure no...
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...
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...
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...
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...
Hi, the company I work for charge postage to the customer on the sales invoices. Would this postage be part of cost of sales but then it will be negative or should it be an expense? I'm confusing myself Example they would charge £400 for a table and we would add £50 onto the invoice as postage. The £400 go...
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...
Hi I was wondering if I could ask anyone's advice please? I know that the allowance cannot be claimed if youre a company with only one employee paid above the Class 1 National Insurance secondary threshold, which is £175 p/w or £758 p/m. Does it matter if, two non director employees are paid the same...
Hello I'm a Newbie on this forum. I have looked at a couple of old posts on New Business and now I am not sure if I've wasted my time taking an AAT Level 2 Book Keeping Course and obtaining a Merit. At the age of 55 years i was able to take early retirement, at the now ripe age of 60 i would like to think of it as a ca...
Hello all, A newbie here. Trainee bookkeeper. I think this question has been asked. I am trying to register a director for self employment. One of the tick boxes does ask if you are a director. I am going to have another go at form tomorrow. My question is can directors be registered as self employed or w...
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...
Hi- I'm hoping for some help please. I am about to take on a payroll where the business currently offers transport to various work sites for the workers, and then deducts/recoups the cost of providing transport to work from the workers. It is not compulsory for the workers to use the company transpor...
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
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.
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...