Hi I have an invoice that has been included in last quarters VAT return but I need to change the nominal code. Will this affect anything at all ..read more

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Hi, I have purchased goods from a company in China and Cyprus. They both have UK VAT registered numbers, both of which I have checked on the direct gov website and they are correct. My question is, am I able to claim the VAT please ..read more

Hi I have an issue at my work place that I need help with. So basically I have accrued 2 months of expenses in August and September, each for the same amounts of £2000. In October, I eventually received the expense invoice of £6000 that covers the months of Aug to Oct. So naturally I reversed the aug and sept accruals in October which I believed would reduce the invoice total from 6k to 2k (the remaining 2k would be the Oct charge). However, the expense balance is still showing as the full 6k! I’ve checked the periods which the entries were posted and they have been entered in the correct ..read more

I'm having one of those days and getting my head in a muddle! So, if a sole trader pays for their fuel from their personal bank account, it's partly for business and partly for personal use. They claim the 45p a mile fuel allowance - what is the double entry in the account? Dr Fuel expense Cr ??? is it drawings? Thank you ..read more

Hey everyone! I hope you are doing well! I would like to ask if you would be open and honest with your future employer for example if you have got one year of experience required or left to complete and you are looking for a role that will help you gain that after which you are thinking about moving out of the country and potentially leaving that role, would you be open about it? I know this might seems like a no-brainer but would like to hear from others ..read more

Hi there, I just wanted to know if it is possible for AAT members and qualified Accountants and Bookkeepers to be able to work with clients in the UK and around the world from outside the UK for example from India. Just wanted to know the possibilities ..read more

Good Afternoon I currently work as a bookkeeper for a Chartered Accountancy Firm, and wish to potentially take on some private work rather than look for another position with another firm. I have held my MAAT for 3 years now but am still, contently working in a bookkeeping and training role for a pleasant company. I wonder if there are any other members on the forum that I could potentially bounce some questions off of before I make the leap. I am unsure about so many things and I'm sure a frank conversation would really help. I'd love to cover the topic of start up costs, advertising, fee lev ..read more

If you are familiar with CIS and at least Xero, get in touch. We are also seeking someone who can take clients' accounts from source documents to trial balance. You may leave a comment here or send me a private message. Cheers Phoenix ..read more

Hello, I work for a company (I'll refer it as "Com Z") which recently has introduced an Electric Vehicle Scheme to its employees. The concept of the EV scheme is that this is cost neutral to the Com Z. In fact, this creates a very small income to the Com Z. Currently the following is done: An employee (Mr. X) signs up for an EV - this triggers Com Z receiving a couple of invoices: one for the lease, the other for admin fees and insurance every month. Those are paid to the suppliers by the Com Z on behald of Mr. X. The amounts paid are treated as Mr. X's loans to the Com Z and the double entry ..read more