Recent content by Scalloway

  1. Scalloway

    Supplier went into administration 2 years ago - I owe them £4k

    Is the company still in existence on Companies House or has it been liquidated?
  2. Scalloway

    Tax Calc for charities

    My bookkeeping skills were honed in the days of Sage. I really should look into more of Xero's features.
  3. Scalloway

    Tax Calc for charities

    I leave the bank as it is. How I do it is the have ledger accounts setup thus: Project 1 Income Project 2 Income Project 1 Expenses Project 2 Expenses And so on. In the charities I am treasurer of the budget holders look after the actual funds. I just seem to be the scorekeeper who sorts it...
  4. Scalloway

    Tax Calc for charities

    I use Xero for one charity I am treasuer of. I just use the chart of accounts to record income and expenditure for each fund.
  5. Scalloway

    US company shipping to UK and insisting sale is VAT exempt

    My anti-virus blocked it.
  6. Scalloway

    I have an idea What do you think

    Ship AIS tracks ship movements in real time https://www.marinetraffic.com/en/ais/home/centerx:1.5/centery:52.1/zoom:6 Flight Radar tracks planes https://www.flightradar24.com/52.22,-1.33/7 I access these via apps on a daily basis to see what is on the move around me.
  7. Scalloway

    New here, Startup on an AI automation Business

    Not everybody is unhappy about using automated tills. I use them whenever I can to avoid meaningless chit chat with a till operator. Horses for courses.
  8. Scalloway

    National insurance class 3 contributions questions

    Voluntary National Insurancecontributions. https://www.gov.uk/voluntary-national-insurance-contributions
  9. Scalloway

    National insurance class 3 contributions questions

    According to this web page if you receive Universal Credit, you get Class 3 credits automatically. https://www.gov.uk/national-insurance-credits/eligibility
  10. Scalloway

    How do you close down a VAT Registered LTD company

    If the company is about to be struck off you don't need to do anything in the company books. I understand there are no personal tax issues for such a small sum.
  11. Scalloway

    Profit Sharing and VAT

    Are the customers aware that there is a long term relationship between the companies? I want something done and get XYZ to do it. Will I even notice who actually does the work? Is it repeat business or one offs?
  12. Scalloway

    Profit Sharing and VAT

    ABC is providing a service to XYZ.
  13. Scalloway

    Recording car purchase QBO

    When you enter the invoice for the car the other side of the entry will be the Asset in the chart of accounts. If that is not how you have done it where is the other side of the entry?
  14. Scalloway

    Recording car purchase QBO

    I would put the purchase through as an invoice payable to the dealer. Cash and Credit Card should be set up as bank accounts. Go to the supplier and pay the invoice as you describe.
  15. Scalloway

    New to this - CVL? Other options?

    The best approach is to appoint a liquidator and let them handle the problem.
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