Reports and Accounting

No text available

No text available

No text available

No text available

No text available

No text available

No text available

No text available

No text available

Every balance sheet format in the world sets out current assets in this order:- stock- debtors- cashThis is also the requirement under UK accounting standards FRS102 or IAS1, currently in force in the UK (for Ltd companies).Why does the QBO balance sheet report show cash first, then debtors, then the rest in a grouping called 'current assets' (when in fact cash and debtors are also types of current asset!)

The balance sheet in open books runs from April to April but this is my first corporation tax return for my Ltd company and HMRC want dates from Nov - Nov.  How do I get those figures through open books?

No text available

No text available

No text available

When we create a new customer , QB starts with invoice no , for eg 1 and so on. when another new customer is created , it starts again with invoice no 1 , whereas it should the follow the serial from the last invoice created for the first customer

Hi all, Now that the tax year has ended here in the UK and I have all the details I need to file my return using QuickBooks reports,   What is the best course of action to take with the CIS suffered account?  I'm a subcontractor only so I only have to worry about CIS stopped by contractors. For example, on the tax year end date, CIS Suffered account says its balance is £700.The actual CIS Paid so far is £500 on the cash basis as some invoices were not due a the time of the end year date.  So my question is do I somehow tell QuickBooks to adjust the CIS suffered account? so it only shows the £200 left to be paid once invoices are due in the new tax year.  If it's left as it is now my suffered account will just continually grow as more CIS invoices are raised. Hope that makes sense.Thanks.  

No text available

No text available

No text available

Hi,I've been searching high and low for an answer to this question, but I just can't find any info.How do you account for non-taxable state benefits (in this case disability benefits) that are paid into a current account that's used for business. Obviously ideally it would be paid into a separate account,  but this is not the situation.My first idea was to create a dedicated equity account in the Chart of Accounts, but I'm unsure of this approach. Alternatively I thought one could use some kind of variation on a Petty Cash account?Any insight that can be offered would be extremely helpful. I think this might be a question for an accountant but I do not have one to hand!Many thanks!

No text available

No text available

No text available

No text available

No text available