Member Since: 21st Jul 2017
28th Dec 2019
18th Aug 2019
Hi - Thank you for your advice.
The accountant by the looks of it went by the spreadsheet the client sent ONLY without checking any detail by the looks of it. If they had checked they would have seen receipts that had not been accounted for, cash deposits in the form of cheques and cash not accounted for.
They were cash accounting but including purchase invoices that had] not paid yet in the returns.
Items that should have no VAT such as insurance and medical cover had VAT on them...crazy really.
The client asked for help and training however they didn't give it hence she has come to me
18th Aug 2019
From the conversation i have had no they were not - she provided the information, the accountant worked on the VAT and just told them what to pay by when.
27th Mar 2019
I have been having a look this morning and you are correct - had the journals been to accruals this would have made sense.
I have never seen it done this way and couldn't understand for the life of me last night what they had done.
The Dec - March payroll had been posted to DLA accounts and directors have thought this was available! However i can deal with that...
I will process these journals, however i have one question by doing this it will show the directors remuneration account to be at zero due to the adjustments made for 2018 at July YE? Does that mean i am going to have to make another provision?
26th Mar 2019
On the 31/07/2017 there is a journal as shown above.
Then Dec - March DLA 1 (4 entries) totalling £11,099.68
Dec - March DLA 2 (4 entries) totalling £11,099.68
We also have 2 additional journals processed in Dec/Jan which are reversing out £2611.60 from each DLA account.
Does that explain it better?
19th Jul 2018
Thank you! We have set up a dummy bank account already however the client has posted incorrectly into this bank and without having to manually re do all of the entries again xero does not seem to have a find and recode option to move these amounts.
I was just seeing what options people had, if there was another way of me recording these transactions so that if mistakes were made by clients they could be rectified easily.
Xero is not making it easy :)
17th May 2018
I've just signed up for it and it's very useful. Good overview, some deeper dive information without being overwhelming. Overall it's practical rather than too theoretical. Would recommend.
Thank you very useful - i have just registered.
30th Apr 2018
Great thank you! Very helpful :)
23rd Feb 2018
Kate Bennett wrote:
I’m a CIMA MiP. Feel free to PM me and I’ll see if I can assist?
That would be great thank you! I will be in touch :)
23rd Feb 2018
Thank you. You are correct the latter.
I am going to some networking events soon and so i am hopeful i can meet some people there but also i have come contacts that may come in useful.
I would feel comfortable with a larger company as you have used.