Thanks Tim. Really appreciate your responsiveness to my comments with your team today. That protected area just seemed an unnecessary restriction which meant making useful notes in a table format had to previously be held on a separate page. Being on the same page is far more user friendly.
I was about to suggest this app too.
It's essentially an excel spreadsheet.
2024/25 version is not yet available though. I was told it would be emailed out to current subscribers at the end of the March.
That said it doesn't really incorporate other taxable income (it starts with profits from a limited company) and space for "notes" on the calculator page is poor (one column) but you can create a new sheet and put what you need there.
If you have, like me, just one client on QBO and the client pays for the subscription then the client just adds you as an accountant user, sends you a log in invite and away you go. I don't have any dealings direct with QB other than logging in and using my client's software.
Moneysoft - very easy to learn, easy to use and very reasonably priced. Support is also good though, since covid, they prefer not to answer their phones these days and reply by email instead
Non ICAEW members can also access ICAEW CPD to for a small fee.
I signed up for a 45 min zoom session today -it was free (as I'm a member) but I noticed it was only £15 for non-members which seemed very reasonable to me
Would have thought any software with a standard debtors ledger would cope with the first part. I'd happily use VT for something like that.
Not sure you'd get anything specific for room planning (is that what you were after?)
If it was more grouping your debtors by teacher or class then VT would cope if you set it up with separate debtors ledgers for each class or teacher (either or/not both)
For VAT purposes the tax point is usually the earlier of the date that the funds were received or the invoice was issued. So if you've had the deposit you need to account for the VAT on it now (assuming you're VAT registered). Then the net amount goes to deferred income in the balance sheet rather than sales in the P&L. If it's already in sales then either recode it or journal it. Or ask your accountant for help.
Sorry for the confusion - client wants to put the scratch card in Christmas cards to all of their own staff .
(Sole practitioner here, but happy for them to put one in my card too!)
My answers
Thanks Tim. Really appreciate your responsiveness to my comments with your team today. That protected area just seemed an unnecessary restriction which meant making useful notes in a table format had to previously be held on a separate page. Being on the same page is far more user friendly.
I was about to suggest this app too.
It's essentially an excel spreadsheet.
2024/25 version is not yet available though. I was told it would be emailed out to current subscribers at the end of the March.
That said it doesn't really incorporate other taxable income (it starts with profits from a limited company) and space for "notes" on the calculator page is poor (one column) but you can create a new sheet and put what you need there.
If you have, like me, just one client on QBO and the client pays for the subscription then the client just adds you as an accountant user, sends you a log in invite and away you go. I don't have any dealings direct with QB other than logging in and using my client's software.
Moneysoft - very easy to learn, easy to use and very reasonably priced. Support is also good though, since covid, they prefer not to answer their phones these days and reply by email instead
Non ICAEW members can also access ICAEW CPD to for a small fee.
I signed up for a 45 min zoom session today -it was free (as I'm a member) but I noticed it was only £15 for non-members which seemed very reasonable to me
Now sorted.
User error!!
Time for another cuppa methinks.
Would have thought any software with a standard debtors ledger would cope with the first part. I'd happily use VT for something like that.
Not sure you'd get anything specific for room planning (is that what you were after?)
If it was more grouping your debtors by teacher or class then VT would cope if you set it up with separate debtors ledgers for each class or teacher (either or/not both)
I'd put it through if you were happy (or he was happy) it was genuine mileage performed wholly, necessarily and exclusively for the business.
And if he's got fuel VAT receipts to support some/all of that time period then there's an element of VAT that might be reclaimable too
For VAT purposes the tax point is usually the earlier of the date that the funds were received or the invoice was issued. So if you've had the deposit you need to account for the VAT on it now (assuming you're VAT registered). Then the net amount goes to deferred income in the balance sheet rather than sales in the P&L. If it's already in sales then either recode it or journal it. Or ask your accountant for help.
Sorry for the confusion - client wants to put the scratch card in Christmas cards to all of their own staff .
(Sole practitioner here, but happy for them to put one in my card too!)