Well thanks @Duggimon. Have to say I hadn't considered the licences were intangible assets, I've been happily whacking them in the P&L. Guess that puts the scuppers on my goods theory....
Thank you for your response @Duggimon. To help me understand your reasoning could you tell me how you would categorise a Hackney Carriage licence on the balance sheet?
Thank you @stepurhan. The 'thing' that is received is the yellow plate that it attached to the back of Hackney Carriages. I appreciate your point about software, probably not the best comparison.
Many thanks. To clarify on my OP this is a medium sized taxi firm mainly using self employed drivers who fuel and maintain their own vehicles. The council licencing tho is paid for by the business rather that the individual drivers hence the question. I understood (albeit through 3rd hand info) that physical software licences purchased over the counter in a box count towards goods, I was trying to apply the same logic here....might be stretching it a bit?
I don't use departments atm but would the 'Nominal Ledger Departments Analysis' (& detailed option) do the job? Don't think you'll find a TB that does as above unless you get one written up by Sage - open to correction. Departments>reports>Nominal Analysis
Hi - do you need to do any work for the client accounts i.e. need to produce management accounts / run ledgers within etc or is it simply a case of maintaining a virtual 'bank account' for each client?
Damn it. Partial duplicate i think. Bank stats imported by previous bk and only access I have to stats now is via imports from owner who is away for 2 weeks so no idea what actual balance is...don't have this problem with pen paper and ruler!! Many thanks tho.
My answers
Well thanks @Duggimon. Have to say I hadn't considered the licences were intangible assets, I've been happily whacking them in the P&L. Guess that puts the scuppers on my goods theory....
Thank you for your response @Duggimon. To help me understand your reasoning could you tell me how you would categorise a Hackney Carriage licence on the balance sheet?
Thank you @stepurhan. The 'thing' that is received is the yellow plate that it attached to the back of Hackney Carriages. I appreciate your point about software, probably not the best comparison.
Many thanks. To clarify on my OP this is a medium sized taxi firm mainly using self employed drivers who fuel and maintain their own vehicles. The council licencing tho is paid for by the business rather that the individual drivers hence the question. I understood (albeit through 3rd hand info) that physical software licences purchased over the counter in a box count towards goods, I was trying to apply the same logic here....might be stretching it a bit?
I don't use departments atm but would the 'Nominal Ledger Departments Analysis' (& detailed option) do the job? Don't think you'll find a TB that does as above unless you get one written up by Sage - open to correction. Departments>reports>Nominal Analysis
There is also a 'Transactional TB' in reports that allows a TB to be produced for any date range.
Hi - do you need to do any work for the client accounts i.e. need to produce management accounts / run ledgers within etc or is it simply a case of maintaining a virtual 'bank account' for each client?
Interesting. Most of the time even I don't want to do my job, I've certainly never met at accountant that wants to do it.
I have imported copies to date. What I don't have access to is hard copies which are only accessible by absent owner.
Damn it. Partial duplicate i think. Bank stats imported by previous bk and only access I have to stats now is via imports from owner who is away for 2 weeks so no idea what actual balance is...don't have this problem with pen paper and ruler!! Many thanks tho.