How shall I tag work that I have outsourced to a colleague?
Hi Phillip, In terms of tax it would not be advantageous or disadvantageous to place it in cost of sales. However it will allow you when viewing your P&L to directly separate out your direct costs...
View ArticleYear end Corporation tax reduced by previous year losses
Hi Maria, In terms of corporation tax you would only need one journal as follows: Debit tax expense XCredit tax creditor X Where you replace X with the figure from your CT600. This should be the...
View ArticleAdding an additional company to an account already set up
Hi, I have a company set up on quick file as a sole trader. I have started another business and would like to run both on one account can it be done?Mark Jones T/A MWJONES,MWJGATES Thanks in advance...
View ArticleHow shall I tag work that I have outsourced to a colleague?
Hi Chris, this is definitely the case for me, I did exactly as you suggested- many thanks!
View ArticleAdding an additional company to an account already set up
Hi @MWJONES You can't directly have two accounts under one setup, although you may want to have a look at Affinity Affinity is primarily aimed at accountants and those with multiple accounts. There is...
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Show invoice date on Supplier Payment / Remittance Advice
It sounds to me like what you're asking for is a way to generate something you can send to a supplier saying "during this month I paid you £X on date A for invoice N, £Y on date B for invoices M and...
View ArticleHow do I correct Currency Gain/Loss?
I am entering sales invoices for the first 3-month period of my business from April to June 2015, when the pound sterling was much stronger. I receive payments in Euros and Dollars, and QuickFile is...
View ArticleShow invoice date on Supplier Payment / Remittance Advice
It sounds to me like what you're asking for is a way to generate something you can send to a supplier saying "during this month I paid you £X on date A for invoice N, £Y on date B for invoices M and...
View ArticleShow invoice date on Supplier Payment / Remittance Advice
We always change the allocation date to actual date of the invoice - so that we always have the date of invoice in the system. Otherwise we would not know date of invoice and invoice number unless we...
View ArticleShow invoice date on Supplier Payment / Remittance Advice
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View ArticleHow shall I tag work that I have outsourced to a colleague?
Happy to help. Kind regards,Chris
View ArticleHow do I correct Currency Gain/Loss?
Hi Oye, Do you mind if I ask did you issue and receive the funds in other currencies? Kind regards,Chris
View ArticleAdding an additional company to an account already set up
Hi Mark, You could always have 2 separate accounts each under a different email address or if the second business is unincorporated then you can run both through the same account, using different...
View ArticleHow do I correct Currency Gain/Loss?
Hi Chris, Thanks for your reply. I receive payments in dollars and euros and have to pay personel abroad in US dollars as well as other expenses such as website hosting in USD. It is just that in the...
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Adding an additional company to an account already set up
Or; Custom Trading Styles Design Introduction When to use custom trading styles? Create your custom trading style step-by-step Summary Please Note: The features described in this document requires a...
View ArticleLoan from Director to Small Limited Company
Thanks QFSupport! Tried the instruction sheet and all working now
View ArticlePurchase Payment is Currently Unallocated
I have been into my current account and tagged payments I have made to suppliers. However when I go into "Purchases / View Payments" it says all my payments are "Currently unallocated". Does this mean...
View ArticleResorting back to basic account
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