Re: Whether there is a residual
<i>The question is whether its use extends over more than one accounting period.</i>
But many things have a use that extends over one accounting period that are not capitalised, eg pens, flip charts, staplers.
But there must be another argument as so many companies no longer seem to capitalise their software.
Is software actually capital?
Most companies that I visit no longer treat software as a capital item, writing it off in the year of acquisition, as it has no residual value - you can't sell it on.
The exceptions being those with embedded software that is part of physical equipment.
From Premier Inn,
If you accept an e-invoice from Premier Inn, or request a copy, it will not have the VAT summary completed.
If, on the other hand, you get an invoice at time of checking in, having specified it when making the booking, you get the VAT summary.
Strange bit of programming that.
[email protected] by [email protected] & Compleat Software
Both of these companies provide expense management functions.
[email protected] approaches it more from a timekeeping background, Compleat from a Purchase Order/Invoice processing background.
Both systems are simple to set up, or complicated, if that is your requirement.
It is not perfect, but
Ensure that all cells are locked through formatting.
Then in Review select Protect Sheet, give it a password that you can remember and click OK
Now type Alt+F11 to open the VBA Window then select Tools, VBAProject Properties, Protection.
Tick Lock Project for Viewing and give it a password.
I have found that doing this last step disabled 2 commercial password crackers in Excel 2007 and 2010, when someone did not want to pay me for making changes to something I had set up.
But, unless you want the 3rd party to be able to see the underlying numbers and formulas, I would print to PDF.
if not Windows 8? then
Stick to Windows 7
Has Windows 8 ever come in?
Not one of the organisations that I have visited since Windows 8 was launched have even bothered to look at it and they have no plans to do so.
These are also organisations that never implemented Vista.
It appears that many think that MS manage to get every other operating system usable (I won't say right) and so are going to skip 8 completely.
Infor SunSystems is configurable how you want ...
... is multi currency, multi lingual, and can report in multiple structures from any one business unit (company).
So you could have the French standard chart of accounts while reporting in IFRS, FRS101 and US GAP - for example.
Taking feeds from Excel is normal and there is an iXBRL solution.
If you are interested in looking at this in more detail contact me through a PM and we can set something up.
Build it in Excel?
I have a spreadsheet with the following columns
A Asset No.
C Date Purchased
D Depreciation Rate
F Accumulated Depreciation
G Disposal date
H Disposal Sale Value
I to AB Depreciation for year
The formulas in Depreciation for year columns automatically calculate in year of addition, not in year of disposal.
Works for me.
But how many employers won't be filing?
"after April 6th when there are 2,000,000 employers (or however many it is) putting FPS's in"
From recent experience, it appears that there will be quite a lot of employers who's software suppliers will not have their BACS software installed in time to do the April filing.
One company I am aware of will not doing April, another not April or May and HMRC are aware of this.
"over one fifth of companies had received fake invoices"
I can't remember at time when fake invoices were not arriving at companies I worked for.
I would suspect that their research is flawed if they find only 1/5th have received them.
And as for duplicates being paid, don't their accounting systems check for duplicate invoice numbers from the same supplier? Aren't they matching invoices to orders?
What about MY security?
Now that all is available to anybody, signatures together with names, addresses, dates of birth of company officials are freely available to all and sundry.
I wonder if we are going to see a massive increase in identity theft?
Small Business Act
Usually taken as less than 250 employees, but
" 33 Definitions of small and micro business(1) This section applies where any subordinate legislation made by a Miniserthe Crown (the “underlying provision”)—(a) uses the term “small business” or “micro business”, and(b) defines that term by reference to this section.(2) In the underlying provision “small business” means an undertaking othera micro business (see subsection (3)) which meets the following conditions(“the small business size conditions”)—(a) it has a headcount of staff of less than 50, and(b) it has—(i) a turnover, or(ii) a balance sheet total,of an amount less than or equal to the small business threshold."
Re Cold Calling
Well I've only been answering calls at businesses for 40 years, so I suppose I could have missed one that wasn't. Cold calls are something that I very rapidly stopped being open minded about.
But the main point is that, from the report above, this government has decided that something that should be confidential between you and your bank will now be put out into the public domain.
An invitation to fraud?
"the legislation now requires banks to pass on details of small and medium-sized enterprises they decline for a loan to online platforms which can help match them with alternative finance providers."
That would put me off even applying, knowing that the fact that I am looking for funding might end up on the internet, for all to see, and thereby generating loads of phone calls from people out to rip me off. (All cold calls ar out to rip you off)
Increasing customer demand?
"Sage's Payments Landscape 2014 report reveals more than a third of customers would be more likely to shop at outlets that offer a range of payments methods or innovative payment types.Despite this increasing customer demand"
So nearly 2/3rds are not interested?
Sounds like a sales puff to me!
Where are the SSA results?
It is all very well have an analysis of some of the results for AccountingWEB's 2013 Software Satisfaction Awards (SSAs) but it would be nice to see a list of what won in each category.
Searching here for "Software Satisfaction Awards" does not find them
SaaS - far from a solution?SaaS may solve the problem of platform compatibility, but it adds a whole load of new problems.
Not only do you need network reliability, but internet reliability.
With your accounting system in house, if your software author goes away (or gets consolidated) you can still keep on using the software as long as you need to.
If a SaaS supplier shuts down you are in big trouble.
Oh, and you also have to take all "upgrades" even if you think that they are not an improvement.
Let somebody else have the fun ...... of discovering the bugs.
There are always bugs.
I will be waiting for at least a year, or until somebody can show me a business advantage in upgrading.
Control needed for the protection of the youngMy niece has just started work with a company, and thought that they were training her to be an accountant.
What they are actually training her to be, I eventually dragged out of her and her mother, is an accounting technician, but the term accountant is the term casually used by many who are offering accounting technician training, and by quite a few of those who have the AAT qualification.
In my experience these people do not have the training or experience to call themselves accountants, but have been persuaded by the people selling the courses that that is what they are.
I am a QBE company accountant, having been the company accountant for a number of companies over a number of years and would quite happily change that term to commercial manager or financial controller, both terms used by past employers for the post of company accountant, if it stopped people being duped into thinking that they are going to become an accountant by taking AAT.