One question we get asked a lot is “Should I use Suspense or Mispostings?” or “What is the difference between suspense and mispostings?” or “How do I know whether to use 9998 or 9999?”. They are all very good questions! The simple answer is: Suspense should be used for scenarios like ‘hmmm, not sure where to put this, so I’ll … Read More
MTD Upgrade to v25 of Sage 50
Thinking about a Sage 50 version 25 MTD Upgrade? We’ve had a number of phone calls from clients wanting to upgrade to Sage 50 version 25 in order to be compatible with the upcoming MTD requirements. The good news is that if you’re already a Sage user, the price you pay should be lower than the RRPs you may already … Read More
Common FAQ’s about Making Tax Digital
Making Tax Digital – What does it mean for your business? If you are VAT registered then you will need to start to keep a digital record (i.e. use software to record all your VAT invoices and receipts). If you are not VAT registered then digital record keeping is optional. If you are VAT registered and do not currently use … Read More
Campaign warning about pension scams
Don’t let scammers enjoy yours or your employees’ retirement The Pensions Regulator has joined together with the Financial Conduct Authority to launch the ScamSmart campaign in order to warn savers about pension scams. As an employer you pay in to your employees’ pension, with contributions rising again next April. Don’t let yours and your employees’ money go to waste at … Read More
Tips and Shortcuts for Sage 50 Accounts
Tips and Shortcuts for Sage 50 Accounts In this article we’re going to take a look at some time saving shortcuts that could make your accounting life easier! 1. Using the F6 key whilst holding down shift allows you to copy the cell above + add one sequential number to the last digit e.g. cell above is 112567 – … Read More
Cybersecurity – Tips to protect your practice
Cybersecurity – Tips to protect your accountancy practice Repair systems in a timely fashion Restrict user access Change passwords regularly Segment networks Upgrade software to the current version – or at worst the last but one release Remove data you don’t need Limit your liability but educate your client In a world where accountants are advising clients on which … Read More
