Recent content by ProCab

  1. P

    From my Sage Instant Accounts to accounts suitable for filing at companies house?

    And if it is a case that I need professional software can anyone recommend the best and most cost effective one? Many thanks
  2. P

    From my Sage Instant Accounts to accounts suitable for filing at companies house?

    Thanks for your reply. With regards to my accounts for filing with Companies House, there is no way I can prepare these using Sage? Or alternatively some free software or in Excel? Many thanks
  3. P

    using my lounge as store room for my business. can i expense in my company accounts?

    Good morning, I have been using my lounge to store a large volume of goods for my business. It's now time to finish my limited company accounts and file a tax return. Can I expense this storage in my accounts so it can be used as a tax deductible expense? I haven't paid myself any storage...
  4. P

    From my Sage Instant Accounts to accounts suitable for filing at companies house?

    Good morning, I've been finishing my accounts in Sage Instant Accounts. I have a filing deadline with Companies House next week. I now need to get what I have in Sage into appropriate format of Small Company Accounts to file with the registrar. Can anyone suggest the quickest and easiest...
  5. P

    accounting for closing stock. slightly confused about carriage/postage in SAGE. pleas

    Thank you!
  6. P

    accounting for closing stock. slightly confused about carriage/postage in SAGE. pleas

    Good afternoon, I'm doing my first year accounts for a small business in Sage Instant Accounts. I'm a little bit confused about calculating my closing stock position and hope some of you may be able to offer some advice. I have gone into my Sage nominal hoping to just use my Total...
  7. P

    Treatment of import VAT and import duty in Sage. Please help!

    Thanks. Should I have the VAT code set to T0 and put the VAT paid in the NET column rather than the VAT column? Many thanks
  8. P

    Treatment of import VAT and import duty in Sage. Please help!

    Thank you. What is the most sensible way to account for the VAT I paid my shipping agent when my goods arrived in the UK? What nominal code should I use for this? Many thanks
  9. P

    Treatment of import VAT and import duty in Sage. Please help!

    Thanks again for your reply. I guess I am slightly confused on this VAT issue. For all my purchases I've been entering them in Sage with VAT in the VAT column and the Net amount in the NET column. From what you're saying does this mean Sage will only let me use the Net amount not Net + VAT...
  10. P

    Treatment of import VAT and import duty in Sage. Please help!

    Thanks for your reply. If we register for VAT in the future isn't it most sensible that we account for the VAT separately now as we may be able to recover it for unsold inventory at the time of registering (if and when, in the future) ? I suspect the videos, logo and website may only be used...
  11. P

    Treatment of import VAT and import duty in Sage. Please help!

    I should add that it is a limited company and we are not VAT registered. Thanks!
  12. P

    Treatment of import VAT and import duty in Sage. Please help!

    Good morning, I am currently doing my first year accounts in Sage and hope to get some advice on accounting for import VAT and a few other items. We import goods from Asia so do not pay VAT on our supplier invoices, say £10,000. When the goods arrived in the UK we get an invoice from our...
  13. P

    How should I account for Euro Amazon payments in Sage?

    Thanks John. Really useful advice
  14. P

    How should I account for Euro Amazon payments in Sage?

    Hi John, Thanks, that sounds sensible. I guess I could look at what the FX rate amazon used to make my fortnightly payment and apply that to all individual sales in the trailing two week period. Is there an alternative if I wanted to account for the sales in Euros? Or would this make...
  15. P

    How should I account for Euro Amazon payments in Sage?

    Hi John, I process sales as Bank Receipts as they are typically one off customers purchasing on ebay/amazon. Thank you
See more
Top Bottom
Community
Articles
Menu