Hi there I'm just in the process of reconciling my clients bank a/c and I've got a difference of exactly £108? The actual bank balance per the bank statement is £27,563. O/s lodgments and payments are net £5,536. I've no idea how to find the difference. There are no regular payments for this amount e...
My client does his own PAYE, but he's just received his new tax code and asked me what it means. I haven't got a clue as I dont offer a payroll service. I need to know what a 'K' code is? Can anyone help me please? Thanks Sundance
Hi all. I'm a newbie on here, but so glad I found this forum. I've recently received confirmation that I've passed my IAB level 3 exams, and now there is nothing preventing me from starting my Bookkeeping business. However, I am really panicked over the possibility of clients not providing all sourc...
Im 16 and I've been offered 2 jobs. One is an office junior job with a local building contractor, making tea and general office admin. The other is with a local solicitors firm and will be working on accounts payable. The building contractor has offered to send me to college once a week for a business NVQ...
Hi to everyone on the forum! My client has an invoice for the purchase & installation of a fire alarm system. Should this go to plant and machinery or furniture and fixtures? Or would it go to repairs and maintenance? Thanks in advance for assistance, Ted
Hi, I'm just about to start completing the books for my first client. A friend (non book-keeper) suggested that I should have a contract drawn up. I'm not sure if this is necessary, and I don't know what needs to be included. I can't afford to pay for a solicitor to draw one up for me either. Any suggestion...
Hi everyone, I'm in a bit of a pickle. I'm just putting the books together for my accountant for the year end accounts. She has asked for my closing stock value at the year end. Due to the nature of my business, it's virtually impossible to accurately calculate an exact figure but I believe the cost of the...
Hi Can anyone advise what is the most appropriate depreciation rate/method for depreciating a new sat nav system purchased by my client for his fleet of vans? Thanks Lillian
Hi, I've just found this forum, hope someone can help? I'd like to find out whether March (Spring time) is a good time to start marketing a new book-keeping business? Thanks, Jenny
Hi all, I've been running my book-keeping business for over two years now, and more and more businesses seem to be setting up a website. I had a quote from a local website designer, and was quoted around £500. I can't really see how I could justify this, since I won't selling any products etc. I'm always k...
My client has made sales to a customer in France for the first time this quarter. I've requested an EC sales list from HMRC, but I'm not sure what information needs to be entered on to the form? Can anyone please advise? John
Am I allowed to contact Customs on behalf of my client, or do I need their written permission. Not sure how Data Protection Act applys? Any help would be appreciated, as I think I'm going to need to speak to Customs quite frequently (books and vat are in a complete mess!). Many thanks, Tom
Does anybody know whether Sage is available in the U.S.? I don't remember seeing it, but then up 'til now I haven't been looking for it, either. It sounds like a straightforward, easy-to-use program, which is definitely what I need.
Welcome, Thank you for visiting The Book-keepers Forum. What's it all about? Well as the name suggests this forum is here for book-keepers, together with small business owners, to answer those tricky and not so complicated book-keeping and general business questions that we all have. You can shar...
Many of the items I use for my work I also use for my personal life. For instance, I write all my articles on my computer. However, I also use my computer to email my friends and family and play games. When it comes to taxes, how should I treat equipment that is used for both purposes? I know the best thing wou...
I’m 22 years old and I’m really keen to start my own book-keeping business, but I don't have many years of experience (as I’m only 22). However, I have been doing admin/accounts related jobs since I left school at 16. Can anyone advise how important it is to potential clients that you have several y...
I have a few friends who are on their own and said they are starting to charge retainers because too many people do not pay their bills. It seems a bit aggressive to me - especially as someone starting out - does anyone else use them?
Quicken is the accounting software that seems to be most popular in the states, but it's quite expensive for a business start up. I don't want to spend/waste the money until I'm sure it's something that would actually be useful for me. Has anyone ever used this software, and if so, what are your opinio...
I'm looking to transfer my existing clients books over to SAGE (I've only got 4 clients at mo). Does anyone know how much a licence for SAGE Line 50 would be for say 10 companies? I can't seem to find a price anywhere on the SAGE website. Thanks!
