Recently Active Topics - The Book-keepers Forum (UK)

Hi all, my client would like to offer his employees the option to take a bonus as cash (through payroll) or to use it to top up their pension. Can the employer do this by topping up the employer contribution as a one-off or does it have to go through as an employee additional contribution, thus impacting...

Hi, I'm looking for some software for a client who uses Sage Business Cloud (may be switching back to Sage Professional) where employees can scan and upload receipts for expenses. They are currently entering everything onto excel and Sage so they are looking to really cut back on the amount of time it...

Hi, please could you offer some advise on a payroll topic. Im fairly new to this, so please bear with me. We reimburse employees expenses through payroll but how do I process this through the payroll journal or should I post the payroll journal and then a separate journal to record the expenses? Many...

Hi All, I've had a complete mental block and I am hoping you can assist. A software licence was purchased from a country outside the UK so there is no VAT on it. We will just say this is for £800.00. The same company who bought the software has sold this on for, say, £900.00 plus VAT so £180.00 in output VAT...

Hey guys, Seasonal greeting and best wishes for 2024!! Could you, please, help me? The Company migrated to a new software - Sage 50 Clouds in the mid of 2023. Transactions with the wrong VAT codes (Postponed VAT Code T39, T40, T43 in ) were posted to Sage 50. And as far as I understood they were either all...

Hi everyone, Circumstances led me to leave IT and do Level 2 and 3 AAT bookkeeping and become AATQB all went smooth. I am trying to find a job to gain experience so that I can be self employed. All the job ads and I mean all of them ask for at least 1 year bookkeeping experience. I am happy to work for free i...

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...

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...

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...

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...

Hi all,Im a startup founder and chartered accountant. I got frustrated when doing my own bookkeeping that I would often second guess myself when working out the VAT treatment for transactionsSo. being a tech startup founder I created a VAT Bot to help me.Its a totally free tool and I only released it t...

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...

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

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.

Hello, My name is Simon and I want to retrain as an accountant/bookkeeper. I am thinking about studying by reading and watching youtube videos. I have a phone app that helps with learning the double entry system as well. I would like to know where I can find current standards to be met for the qualifica...

Hello everyone! Jennifer here. I am new to this forum. I have one question that - Which software is the best and easy to use for accounting record keeping? Please help me with your ideas. Thanks in advance. -Jennifer

Time management is a recurring topic in our bookkeeping endeavours, and I'm sure it's a hot topic in similar accounting practices. While we all recognise the importance of effective time and resource management for the overall efficiency of our businesses, how often do we scrutinise how our team m...

In the rapidly evolving landscape of business technology, remote access has become a cornerstone for seamless operations. For businesses leveraging Sage software, the integration of remote access capabilities can be a game-changer. This article explores the intricacies of remote access and...

The field of accounting offers many opportunities for career growth and advancement, but before you can begin your journey, you must choose the right accounting qualification. Two of the most popular qualifications are the Association of Accounting Technicians (AAT) and the Association of Cha...

Hi there, Do any of the mainstream suppliers of accountancy/bookkeeping software offer student licenses ? I'm just on a chat with quickbooks now... but I seem to be confusing the support person with my suggestion of Student License. (QuickBooks apparently don't have student licenses -- you have...