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Almanya (2011)
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Accrued and deferred income - First Intuition
My gardener grabbed me by my shrubs the other day. “I need £100 off you, Gareth” he said. “But I haven’t had an invoice from you Tony!” I replied. A couple of months ago I looked at dealing with accrued expenses. In essence both are examples of the application of the accruals, or ‘matching’ concept. If we earn some income by delivering goods to a customer (selling them some sugar for instance) and the customer pays for those goods immediately then the double entry is: Dr Cash (the asset that we now own) Cr Sales (the income that we have generated from delivering the goods) This is a cash sale. If we earn income by delivering goods to a customer and they do not pay immediately because we offer them a credit period we would normally send them an invoice as a request for payment at a later date. Dr Sales ledger control account (the asset of the receivables balance owed by the customer) Cr Sales (we have still generated income by delivering the goods even if we haven’t been paid yet) Dr Cash
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Running payroll
As an employer operating PAYE as part of your payroll, you need to complete certain tasks during each tax month. Tax months run from the 6th of one month to the 5th of the next. On or before your employees’ payday Every time you pay your employees, use your payroll software to: Record their pay - include their salary or wages and any other pay.Calculate deductions from their pay, like tax and National Insurance.Calculate the employer’s National Insurance contribution that you’ll need to pay on their earnings above £156 a week.Produce payslips for each employee (you can use different software if yours doesn’t have this feature).Report their pay and deductions to HMRC in a Full Payment Submission (FPS). If you pay an employee less than £112 a week, you usually only need to record and report their pay (unless they have another job or receive a pension). In the next tax month (starting on the 6th) You can view what you owe from your FPS online from the 12th. Late reporting
Why a self catering holiday home is better than a hotel
Hardly a month goes by without news of a new holiday rental website being launched, or reports of increasing numbers of properties being listed with the big portals. It seems that more and more owners are realising the benefits of earning a second income from their holiday homes, or even creating a main source of business. Not only this, but considering the state of the economy and families having to do more with less, many are now choosing to book a holiday rental in place of a comparatively expensive hotel. However, price is only one reason why a holiday home is better than a hotel, because behind this are many other benefits that mean holiday rentals come up trumps. Keeping these factors in mind can be a great tactic in attracting guests away from those hotel competitors, so here is why we believe a holiday home has such an advantage over hotels… Privacy and space Live by your own rules Authentic Travel Food, glorious food (that you actually want to eat) Be more like a hotel
What you need to know about cryptocurrency mining
Cryptocurrency news has been hot of late, thanks in no small part to the skyrocketing prices of Bitcoin and Ethereum, the two largest cryptocurrencies right now. Litecoin and other cryptocurrencies are also up in value, and given the prices on graphics cards that are supposed to be useful for gaming, some of you will inevitably wonder: should I get into the mining business? That's a big, open-ended question, and the answer depends on many factors. Blockchains and the block reward The core of mining is the idea of block rewards. What is a block, though? For Bitcoin, the target is to generate a block solution every 10 minutes on average. Think of it as panning for gold in a stream—you might get lucky and find a huge gold nugget, you might end up with lots of flakes of dust, or you might find nothing. Setting up the software There are many options for cryptocurrency mining. In the early days of Bitcoin and some other cryptocurrencies, you could effectively solo-mine the algorithms.
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