The Book-keepers Forum (BKF)

Post Info TOPIC: Looking for nominal code for "Recording Studio"


Newbie

Status: Offline
Posts: 2
Date:
Looking for nominal code for "Recording Studio"


Please can somebody advise me, I am doing Sage for my furture son-in-law and he is a Dj and also play with a band, He quite often goes to recording studio's, but I cannot find anything related in the nominal codes. Driving me crazy!



__________________


Guru

Status: Offline
Posts: 1313
Date:

What expense are you looking to input? Is it travel to the studio? is it the hire of the studio? without knowing what you are trying to achieve then hard to advise Or is it Income?

__________________

Doug

These are only my opinions of how I see things and therefore should not be taken as advice



Newbie

Status: Offline
Posts: 2
Date:
Looking for nominal code for


It is hiring studio, I know there is a nominal code for hiring equipment, but not sure to put it under that.


__________________


Member

Status: Offline
Posts: 23
Date:

Not enough info. What is he doing in the studio? Just jamming? Then not a business expense. Or is he recording to sell his records with the band? Who will own the rights to the record? Not just him.

You should not mix his sole trader accounting with that of the band. The band needs to get the advice of their Accountant. They need to agree what will eventually happen to those costs and it should be legally documented. Only then can you determine where to put the entry.

__________________


Senior Member

Status: Offline
Posts: 259
Date:

It's an unusual expenditure item. I'm not at all surprised that the standard chart of accounts doesn't cater for it. So ... create a code that does cater for it in the correct section of the chart of accounts.

__________________

Ian

Ian Brown FCA
Onion Reporting Software Ltd

www.onionrs.co.uk

Sage accounts in Excel. No set-up necessary. Free 30 day trial.

Page 1 of 1  sorted by
 
Quick Reply

Please log in to post quick replies.

Tweet this page Post to Digg Post to Del.icio.us
Members Login
Username 
 
Password 
    Remember Me  
©2007-2024 The Book-keepers Forum (BKF). All Rights Reserved. The Book-keepers Forum (BKF) is a trading division of Bookcert Ltd. Registered in England Company Number 05782923. 2 Laurel House, 1 Station Rd, Worle, Weston-super-Mare, North Somerset, BS22 6AR, United Kingdom. The Book-keepers Forum and BKF are trademarks of Bookcert Ltd. This forum is a discussion forum only. There will usually be more than one opinion to any question and any posting should not be viewed as a definitive solution. No responsibility for loss occasioned to any person acting or refraining from action as a result of any posting on this site is accepted by the contributors or The Book-keepers Forum. In all cases, appropriate professional advice should be sought before making a decision. We reserve the right to remove any postings which are offensive, libellous, self-promoting or engaged in covert marketing. We will not notify users of removals. The views expressed in the forum posts are those of the individual and do not necessary reflect or agree with those of The Book-keepers Forum. Any offensive or unsuitable posts will be removed by the moderators. Any reader of this forum can request for a post to be looked into by sending an email to: bookcertltd@gmail.com.

Privacy & Cookie Policy  About