Business accounting spread sheets?
Can some one tell me the best way of keeping business records for my fastfood business I am looking for templates for purchases and daily sales.
Other - Business & Finance - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Headings would be (SALES) (FOOD EXPENSE) (GENERAL EXPENSES) SALES - from each day Food Expense - what food items you buy to prepare and sell General Expenses - utilities, rent, repairs (equipment), and whatever other expenses you incur of this nature Keep all your receipts together for each day or each week and enter them by the day You want your food costs to be separate to know if you are making enough in sales or need to raise your prices - - Normally software is expensive and for a large business and more than you need
Answer 2 :
If you have microsoft office on your computer you can download free templates from the microsoft site & taylor them to your own needs. There's lots of templates in other languages as well as English (UK). There's all kinds of things that you could use for your business not just spread sheets. Have a look and you will see what I mean. Hope this helps.
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Saturday, December 14, 2013
Saturday, December 7, 2013
My local MP has made an "accounting error." Easily done, eh?
My local MP has made an "accounting error." Easily done, eh?
The dirty thieving bastard. I've emailed him, and written to the twat. What else can I do? Nobody is answering the phone at the local office for some reason..... http://www.telegraph.co.uk/news/newstopics/mps-expenses/5334280/David-Chaytor-Labour-MP-suspended-by-his-party-over-expenses-disclosures.html
Politics - 11 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Throw a brick through his window. "Sorry officer, it slipped out of my hand" Easily done indeed. Oh, you may like this : http://www.gopetition.co.uk/online/27732.html
Answer 2 :
Most MPs nowadays are making many "mistakes" do to with finance. Jeremy Brown doesn't seem to have made any of these, so Somerset are okay!
Answer 3 :
What you can do, is use the only real, and truly effective! weapon you have at your disposal. Go quietly and deliberately to the poling booth on June the 4th. and vote for any! other party. vote ukip, British national party, the Green party. Even! the monster raving loony party. but don't give your vote to any of the main three parties. kick them out of politics. humiliate them in front of their masters, the EU. Its in your! hands.....quiet and deliberate revolution is far more powerfull than running around like headless chickens fuelled by anger and frustration. then follow it up at the general election. They only have power because YOU SAY SO!! ....take it away. make a start on june the 4th. don't get mad, (((GET EVEN.)))
Answer 4 :
Accounting error? That's just an excuse....when was the account done? If they haven't been found out....they'll just carry on as if nothing happen.....I can assure you that.
Answer 5 :
Do not fret. We in the US have the same problem ---- some of the people serving in the top positions of our government make "errors" like that on their taxes and people they employ. It must be something in the water that affects the brain and they cannot handle money. We don't get any response from ours either.
Answer 6 :
HIS MISTAKE IS TO LET THE PAPERS HAVE CRUCIAL INFORMATION ON THEIR HANDS. HE SHOULD RESIGN FROM PARLIAMENT, PROSECUTED AND SENT TO JAIL FOR A COUPLE OF YEARS AND HIS HOME GIVEN TO A HOMELESS FAMILY GREEDY, CORRUPT BASTARD
Answer 7 :
If these MPs are so bad they keep making these mistakes or errors is it any wonder the country is in such a mess?!! Surely any political party should see that these MPs lack the skills required for the job and deselect them!!
Answer 8 :
Spoil your vote, if you don't know who to vote for in the oncoming elections just scrawl a big x through all the candidates names. But i have to admit thats a cracker i made an accounting error! Andrew Neil done a good one the other night on his show "this week", Guinness book of records have a new category, first person in history to ever forget they paid a mortgage off.
Answer 9 :
Do you not feel that your being too hard on your MP, after all the accounting error only made him =richer=, anyone can make a mistake, strange though errors= they =make in accounting do not lead in the main to jail sentences as they would if, you or I made the same mistakes. and pocketed the benefitss, having reviewed my first comment. I change my answer =no you should be very hard on your MP=
Answer 10 :
Whilst I agree with you sentiments, I hope you have written to him in terms more polite then you have used in this question. If you have not the letter will be dumped in the waste paper basket. The way to deal with these people is to put your points very clearly without being abusive and able to prove the points you are making if called upon to do so. Remember these people have a very thick skin
Answer 11 :
Er.... hang on a minute, foul mouth. Why shouldn't MP's screw the British taxpayer if they get the opportunity to do so? Your average Brtish voter is an expert at moaning, whinging and bleating, and then puts the kettle on to have a nice hot cup of tea whilst watching Home & Away. What was that about MP's? Not at the minute dear, i'm watching Alf and Toadfish. I'd do the same if i could, but content myself at the minute from stealing items from my employer. Stop moaning, and put the kettle on for god's sake. The average voter in the UK is as thick as a brick wall.
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The dirty thieving bastard. I've emailed him, and written to the twat. What else can I do? Nobody is answering the phone at the local office for some reason..... http://www.telegraph.co.uk/news/newstopics/mps-expenses/5334280/David-Chaytor-Labour-MP-suspended-by-his-party-over-expenses-disclosures.html
Politics - 11 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Throw a brick through his window. "Sorry officer, it slipped out of my hand" Easily done indeed. Oh, you may like this : http://www.gopetition.co.uk/online/27732.html
Answer 2 :
Most MPs nowadays are making many "mistakes" do to with finance. Jeremy Brown doesn't seem to have made any of these, so Somerset are okay!
Answer 3 :
What you can do, is use the only real, and truly effective! weapon you have at your disposal. Go quietly and deliberately to the poling booth on June the 4th. and vote for any! other party. vote ukip, British national party, the Green party. Even! the monster raving loony party. but don't give your vote to any of the main three parties. kick them out of politics. humiliate them in front of their masters, the EU. Its in your! hands.....quiet and deliberate revolution is far more powerfull than running around like headless chickens fuelled by anger and frustration. then follow it up at the general election. They only have power because YOU SAY SO!! ....take it away. make a start on june the 4th. don't get mad, (((GET EVEN.)))
Answer 4 :
Accounting error? That's just an excuse....when was the account done? If they haven't been found out....they'll just carry on as if nothing happen.....I can assure you that.
Answer 5 :
Do not fret. We in the US have the same problem ---- some of the people serving in the top positions of our government make "errors" like that on their taxes and people they employ. It must be something in the water that affects the brain and they cannot handle money. We don't get any response from ours either.
Answer 6 :
HIS MISTAKE IS TO LET THE PAPERS HAVE CRUCIAL INFORMATION ON THEIR HANDS. HE SHOULD RESIGN FROM PARLIAMENT, PROSECUTED AND SENT TO JAIL FOR A COUPLE OF YEARS AND HIS HOME GIVEN TO A HOMELESS FAMILY GREEDY, CORRUPT BASTARD
Answer 7 :
If these MPs are so bad they keep making these mistakes or errors is it any wonder the country is in such a mess?!! Surely any political party should see that these MPs lack the skills required for the job and deselect them!!
Answer 8 :
Spoil your vote, if you don't know who to vote for in the oncoming elections just scrawl a big x through all the candidates names. But i have to admit thats a cracker i made an accounting error! Andrew Neil done a good one the other night on his show "this week", Guinness book of records have a new category, first person in history to ever forget they paid a mortgage off.
Answer 9 :
Do you not feel that your being too hard on your MP, after all the accounting error only made him =richer=, anyone can make a mistake, strange though errors= they =make in accounting do not lead in the main to jail sentences as they would if, you or I made the same mistakes. and pocketed the benefitss, having reviewed my first comment. I change my answer =no you should be very hard on your MP=
Answer 10 :
Whilst I agree with you sentiments, I hope you have written to him in terms more polite then you have used in this question. If you have not the letter will be dumped in the waste paper basket. The way to deal with these people is to put your points very clearly without being abusive and able to prove the points you are making if called upon to do so. Remember these people have a very thick skin
Answer 11 :
Er.... hang on a minute, foul mouth. Why shouldn't MP's screw the British taxpayer if they get the opportunity to do so? Your average Brtish voter is an expert at moaning, whinging and bleating, and then puts the kettle on to have a nice hot cup of tea whilst watching Home & Away. What was that about MP's? Not at the minute dear, i'm watching Alf and Toadfish. I'd do the same if i could, but content myself at the minute from stealing items from my employer. Stop moaning, and put the kettle on for god's sake. The average voter in the UK is as thick as a brick wall.
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Sunday, December 1, 2013
My company was victimised by a fraudulent accountant and I am not sure what to do?
My company was victimised by a fraudulent accountant and I am not sure what to do?
He is not a qualified accountant to practice the profession. He used my company and did many dodgy things and started a new accounting firm. I am afraid to complain to Inland Revenue as it may put my company in red. Recently he got some visa problems and leaving this country along with many clients and telling that he can do their accounts from abroad. I don't know his client list to alert them. What should I do and whom should I complain and how can I sort my own accounts? Please help me and guide me.
Law & Legal - 6 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
I know nothing about business, .......but common sense tells me to contact the Inland Revenue and the police. You must do this to keep your own name clean.... I wish you all the best and hope you can get this mess sorted out.
Answer 2 :
You were "victimised," by an accountant who did "dodgy" things (obviously he discussed this with or you wouldn't know about it) for which going to IR will put your company in the red? At what point did the alarm bells ring? Best advice is to go to a recommended, qualified (with professional membership) accountant and let him sort it out. If you could have sorted your own accounts out in the first place you wouldn't be in this trouble!
Answer 3 :
From what you write you would seem to have had some knowledge of this persons irregularities for some time?, Go to the inland revenue, and the police as there could be an infringement in law against this person. But whatever you do be prepared that you yourself, will have to answer some very detailed questions by these two depts officials
Answer 4 :
How will not reporting it keep you in the black? If he is damaging your company, keeping quiet will only allow him to do it to more people. If you are prepared to involve Inland Revenue, without the support of a circumstantial audit, you already have significant documentation. Regardless you will still need another firm to assess the entire system. Your first paragraph seems to be more fraud than tax issues. You were only a victim to the point you became suspicious and silence only aggravates the situation. If you begin with the local authorities, they will be able to alert the other clients and notify any additional agencies. Good Luck.
Answer 5 :
As to your last question "how can I sort my own accounts", things are probably too bad by now for you to still be able to fix it yourself. You will need to hire another accountant to straighten out your books. Make sure to get a qualified one this way.
Answer 6 :
You mut speak to inland revenue. They will do what they can to help and if you put it off it will end up worse for you The accountant needs to be reported to trading standards at least Also....even though he is not qualified you should still contact the institute of chartered accountants so they can be on alert and warn people should he return to the country Find a book keeper by looking through your local paper for this years accounts....and purchase sage software and either learn it or employ a part time person to control it. it will be cheaper than a firm of accountants
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He is not a qualified accountant to practice the profession. He used my company and did many dodgy things and started a new accounting firm. I am afraid to complain to Inland Revenue as it may put my company in red. Recently he got some visa problems and leaving this country along with many clients and telling that he can do their accounts from abroad. I don't know his client list to alert them. What should I do and whom should I complain and how can I sort my own accounts? Please help me and guide me.
Law & Legal - 6 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
I know nothing about business, .......but common sense tells me to contact the Inland Revenue and the police. You must do this to keep your own name clean.... I wish you all the best and hope you can get this mess sorted out.
Answer 2 :
You were "victimised," by an accountant who did "dodgy" things (obviously he discussed this with or you wouldn't know about it) for which going to IR will put your company in the red? At what point did the alarm bells ring? Best advice is to go to a recommended, qualified (with professional membership) accountant and let him sort it out. If you could have sorted your own accounts out in the first place you wouldn't be in this trouble!
Answer 3 :
From what you write you would seem to have had some knowledge of this persons irregularities for some time?, Go to the inland revenue, and the police as there could be an infringement in law against this person. But whatever you do be prepared that you yourself, will have to answer some very detailed questions by these two depts officials
Answer 4 :
How will not reporting it keep you in the black? If he is damaging your company, keeping quiet will only allow him to do it to more people. If you are prepared to involve Inland Revenue, without the support of a circumstantial audit, you already have significant documentation. Regardless you will still need another firm to assess the entire system. Your first paragraph seems to be more fraud than tax issues. You were only a victim to the point you became suspicious and silence only aggravates the situation. If you begin with the local authorities, they will be able to alert the other clients and notify any additional agencies. Good Luck.
Answer 5 :
As to your last question "how can I sort my own accounts", things are probably too bad by now for you to still be able to fix it yourself. You will need to hire another accountant to straighten out your books. Make sure to get a qualified one this way.
Answer 6 :
You mut speak to inland revenue. They will do what they can to help and if you put it off it will end up worse for you The accountant needs to be reported to trading standards at least Also....even though he is not qualified you should still contact the institute of chartered accountants so they can be on alert and warn people should he return to the country Find a book keeper by looking through your local paper for this years accounts....and purchase sage software and either learn it or employ a part time person to control it. it will be cheaper than a firm of accountants
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Thursday, November 28, 2013
How to transfer money from Halifax bank account to paypal account?
How to transfer money from Halifax bank account to paypal account?
I have a paypal account and Halifax bank account. I need to transfer money from my bank account to paypal so I could make payments for ebay. However I can't figure out how to do this, I can't find any options on my bank account. I appreciate any help, thank you!
Personal Finance - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
You do this through the Paypal site. Log in, and follow the instructions clearly indicated.
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I have a paypal account and Halifax bank account. I need to transfer money from my bank account to paypal so I could make payments for ebay. However I can't figure out how to do this, I can't find any options on my bank account. I appreciate any help, thank you!
Personal Finance - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
You do this through the Paypal site. Log in, and follow the instructions clearly indicated.
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Thursday, November 14, 2013
My company was victimised by a fraudulent accountant and I am not sure what to do?
My company was victimised by a fraudulent accountant and I am not sure what to do?
He is not a qualified accountant to practice the profession. He used my company and did many dodgy things and started a new accounting firm. I am afraid to complain to Inland Revenue as it may put my company in red. Recently he got some visa problems and leaving this country along with many clients and telling that he can do their accounts from abroad. I don't know his client list to alert them. What should I do and whom should I complain and how can I sort my own accounts? Please help me and guide me.
Small Business - 4 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Report him to the Institute of Chartered Accountants as a start it sounds as if he is acting illegally
Answer 2 :
Did he claim to be qualified when you employed him? If so, then reporting to the body he claimed to be qualified with, or trading standards may be an option. You can't really protect anyone else unless approached for a reference, or until a criminal conviction is obtained - otherwise the local newspapers would be full of such stories of complaint. To sort yourself out, hire a properly qualified accountant. There is a lot of regulation that accountancy firms have to comply with. Either approach an institute directly, or look in the yellow pages for the group adverts under the ACCA or ICAEW banners.
Answer 3 :
Contact your company solicitor and ask for advice. There's no getting around this and you will have to make statements to the IRS and probably the police. If you had truly no knowledge that he was unqualified before working on your accounts, you will be okay but an independent audit will need to be carried out and you will be liable to pay any outstanding taxes. The best thing is to co-operate as fully as you can. If you are asked a question to which you do not know the answer or you do not remember, just say that. Don't make anything up, even to get this guy convicted. It could backfire on you. There are some good accounting packages such as Quicken and Sage that are useful. But you'll probably still need and accountant to give them the 'once over' at the end of the financial year. Best Wishes.
Answer 4 :
How do you know he did 'dodgy' things? What was dodgy about them? Sorting out the mess starts with getting your business information from all taxing authorities and suppliers. They will know what your company owes them and can give you a current statement. As for putting your company in the red - it's best to know sooner than later. contact the Inland Revenue and let them know you are concerned about some of the practices of your previous accountant. Ask for their help, they'd much prefer you have a going concern that earns profits (and therefore gives them tax money) than see you go under.
Read more other entries :
He is not a qualified accountant to practice the profession. He used my company and did many dodgy things and started a new accounting firm. I am afraid to complain to Inland Revenue as it may put my company in red. Recently he got some visa problems and leaving this country along with many clients and telling that he can do their accounts from abroad. I don't know his client list to alert them. What should I do and whom should I complain and how can I sort my own accounts? Please help me and guide me.
Small Business - 4 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Report him to the Institute of Chartered Accountants as a start it sounds as if he is acting illegally
Answer 2 :
Did he claim to be qualified when you employed him? If so, then reporting to the body he claimed to be qualified with, or trading standards may be an option. You can't really protect anyone else unless approached for a reference, or until a criminal conviction is obtained - otherwise the local newspapers would be full of such stories of complaint. To sort yourself out, hire a properly qualified accountant. There is a lot of regulation that accountancy firms have to comply with. Either approach an institute directly, or look in the yellow pages for the group adverts under the ACCA or ICAEW banners.
Answer 3 :
Contact your company solicitor and ask for advice. There's no getting around this and you will have to make statements to the IRS and probably the police. If you had truly no knowledge that he was unqualified before working on your accounts, you will be okay but an independent audit will need to be carried out and you will be liable to pay any outstanding taxes. The best thing is to co-operate as fully as you can. If you are asked a question to which you do not know the answer or you do not remember, just say that. Don't make anything up, even to get this guy convicted. It could backfire on you. There are some good accounting packages such as Quicken and Sage that are useful. But you'll probably still need and accountant to give them the 'once over' at the end of the financial year. Best Wishes.
Answer 4 :
How do you know he did 'dodgy' things? What was dodgy about them? Sorting out the mess starts with getting your business information from all taxing authorities and suppliers. They will know what your company owes them and can give you a current statement. As for putting your company in the red - it's best to know sooner than later. contact the Inland Revenue and let them know you are concerned about some of the practices of your previous accountant. Ask for their help, they'd much prefer you have a going concern that earns profits (and therefore gives them tax money) than see you go under.
Read more other entries :
Thursday, November 7, 2013
Accounting-debit/credit entries for bad debts, provision for bad debts and debtors?
Accounting-debit/credit entries for bad debts, provision for bad debts and debtors?
My book doesn't answer these questions. I mean I am asked to adjust the provision for bad debts to 10% of the closing debtors which increases my provision by £300, so thats a credit entry, right? then what? does that go in the Income statement and increases bad debts or does that reduce my debtors? And another question, extra bad debts-dbt bad debts expense, does that mean i need to credit the debtors? if you can answer these questions and if you have any other things about this which are essential to understand the bad debts stuff, I would be really grateful. Thanks a million.
Higher Education (University +) - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
By increasing your bad debt provision (in the balance sheet) by £300 you are right in stating that the credit entry in the balance sheet is to post £300 to your bad debt provision account. The debit entry for £300 will be posted to the bad debt account in the profit and loss account (income statement). As far as the second part of your question is concerned you must differentiate between a bad debt provision (as described above) and a bad debt write off. A bad debt provision is merely providing for any possible future bad debts in compliance with the prudence concept. These bad debts may not actually materialise and you may in future periods actually reduce you bad debt provision. This would lead to the opposite effect to what was described above, ie. a debit entry in the bad debt provision account and a credit entry in the profit and loss account. However, with a bad debt write off you would credit the debtor account directly (ie. make no entry at all in the bad debt provision account). This will reduce the debtor balance permanently. The debit entry would, however, be the same as in the bad debt provision scenario, ie. a debit entry to the bad debt account in the profit and loss account. I hope the above makes sense.
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My book doesn't answer these questions. I mean I am asked to adjust the provision for bad debts to 10% of the closing debtors which increases my provision by £300, so thats a credit entry, right? then what? does that go in the Income statement and increases bad debts or does that reduce my debtors? And another question, extra bad debts-dbt bad debts expense, does that mean i need to credit the debtors? if you can answer these questions and if you have any other things about this which are essential to understand the bad debts stuff, I would be really grateful. Thanks a million.
Higher Education (University +) - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
By increasing your bad debt provision (in the balance sheet) by £300 you are right in stating that the credit entry in the balance sheet is to post £300 to your bad debt provision account. The debit entry for £300 will be posted to the bad debt account in the profit and loss account (income statement). As far as the second part of your question is concerned you must differentiate between a bad debt provision (as described above) and a bad debt write off. A bad debt provision is merely providing for any possible future bad debts in compliance with the prudence concept. These bad debts may not actually materialise and you may in future periods actually reduce you bad debt provision. This would lead to the opposite effect to what was described above, ie. a debit entry in the bad debt provision account and a credit entry in the profit and loss account. However, with a bad debt write off you would credit the debtor account directly (ie. make no entry at all in the bad debt provision account). This will reduce the debtor balance permanently. The debit entry would, however, be the same as in the bad debt provision scenario, ie. a debit entry to the bad debt account in the profit and loss account. I hope the above makes sense.
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Friday, November 1, 2013
How are investors protected in the UK from companies who manipulate their figures in their financil statements?
How are investors protected in the UK from companies who manipulate their figures in their financil statements?
For example in France, the accounting system is incorporated with the fisc. So there is less chance for French companies to cheat or not pay their taxes because it's more regulated. But in the UK, the fisc and accounting are two different entites. Both fisc and accounting are not part of the government unlike in France. So how are investors protected in such a way that companies presente the right figures and pay their taxes as they should? Thank you in advance.
Other - Business & Finance - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Generally, UK standards are based on US ones = and In UK, HMRC (the Taxman) enforces them ..
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For example in France, the accounting system is incorporated with the fisc. So there is less chance for French companies to cheat or not pay their taxes because it's more regulated. But in the UK, the fisc and accounting are two different entites. Both fisc and accounting are not part of the government unlike in France. So how are investors protected in such a way that companies presente the right figures and pay their taxes as they should? Thank you in advance.
Other - Business & Finance - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Generally, UK standards are based on US ones = and In UK, HMRC (the Taxman) enforces them ..
Read more other entries :
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