Bookkeeping
How to account for the overpayment Step 1. Step 2. How to explain the receipt Step 1. Step 2. Step 3. Step 4. Create a refund for the overpayment ...
Tue, 19 Aug, 2025 at 2:15 PM
If you have not created the over payment you can do so by following the steps in the guide below: How to create an over payment to a supplier In Cle...
Tue, 28 Nov, 2023 at 3:52 PM
There are a variety of online payment systems such as Stripe, iZettle, Paypoint, Paypal, Worldpay etc. To account for transactions via these online payment ...
Wed, 31 Aug, 2022 at 2:12 PM
In this example, a loan account has been created as a new loan account with an opening debt of £10,000 (created by transferring money from the loan account ...
Mon, 27 Nov, 2023 at 4:51 PM
Step 1. Head to Purchases > Bills > Create a bill > Enter all the required fields marked with an asterisk. Step 2. Mark the deposit b...
Thu, 24 Jun, 2021 at 2:30 PM
According to HMRC you must keep a record of your Daily Gross Takings (DGT) if you are on a VAT retail scheme, in this example, we are using the point of sal...
Thu, 24 Jun, 2021 at 2:30 PM
You can use fuel scale charges to work out how much VAT to pay back on fuel if you use a business car for private purposes. This means you do not have to ke...
Thu, 24 Jun, 2021 at 2:30 PM
It is important to make sure your financial reporting periods are setup correctly so that the end of year process automates correctly. Changing dates of...
Fri, 12 Jan, 2024 at 10:03 AM
Deferred revenue refers to advance payments a company receives for goods or services that are to be delivered or performed in the future. The company receiv...
Thu, 24 Jun, 2021 at 2:30 PM
When limited companies make a profit in an accounting year, corporation tax will be due. This guide shows how to record the Corporation tax charge in Clear ...
Tue, 28 Nov, 2023 at 4:14 PM