guydickinson's dashboard

Stuart Jones replied on October 30, 2008 14:32 to the question "IDEA: An option to label or tag payments, invoices, etc enabling a profitability per project" in FreeAgent Central:

I'd like to see this as well.

CM replied on October 30, 2008 13:04 to the question "IDEA: An option to label or tag payments, invoices, etc enabling a profitability per project" in FreeAgent Central:

I agree. Associating bills with projects for profitability analysis, but not rebilling them, is exactly what I would like to do.

Ed Molyneux replied on October 06, 2008 09:36 to the question "IDEA: An option to label or tag payments, invoices, etc enabling a profitability per project" in FreeAgent Central:

Guy,

Good idea, although we'd probably allow you to associate a timeslip or expense with a project and have the further option of rebilling it or not.

Hopefully that should provide what you need, and we're absolutely up for developing those sorts of analyses.

Keep 'em coming!

guydickinson asked a question in FreeAgent Central on September 22, 2008 17:31:

IDEA: An option to label or tag payments, invoices, etc enabling a profitability per project

It would be great to have an option to label or tag payments, invoices, etc so I can generate a profitability per project view.

At the moment, I use 'rebilling' to mark invoices and payments to a project and leave the unbilled items, well, unbilled, so I can tally costs and do rough profitability calculations on projects, but it's clumsy (and obviously not what rebilling option was designed for).

Stuart Jones replied on September 22, 2008 12:23 to the question "Mileage only logging £0.25 per mile?" in FreeAgent Central:

Provided you are using the Approved Mileage Allowances Payments (AMAP) scheme there is no need to enter mileage on your P11D.

HMRC state:

We publish tax-free mileage rates known as Approved Mileage Allowance Payments (AMAPs) for employees who use their own cars for business travel. If your mileage payments are equal to or below these rates there will be no tax or NICs due so there will be no need to report this information to us ..........
Any amounts that you pay over the published AMAPs are taxable and must be entered on the P11D.

guydickinson replied on September 22, 2008 11:25 to the question "Mileage only logging £0.25 per mile?" in FreeAgent Central:

Ok, that kind of makes sense!

My Money tab sounds great...

Ed Molyneux replied on September 22, 2008 07:59 to the question "Mileage only logging £0.25 per mile?" in FreeAgent Central:

The mileage is based on the HMRC's tax year - it's all about what you can pay yourself without incurring extra income tax liabilities.

So it runs 6 Apr 06 - 5 Apr 07.

You should see late on in calendar year 2006 where the mileage switches from one rate to the other (in fact you may well have a claim that is partly 40p and partly 25p).

We really ought to provide some kind of summary of what's been paid in each tax year - quite apart from anything else it's needed for the annual P11D form.

We've been thinking some more about this kind of thing here, and we may well be moving towards a My Money tab which encompasses out-of-pocket expenses, income tax, dividends, P11D expense reports etc.

guydickinson replied on September 22, 2008 07:19 to the question "Mileage only logging £0.25 per mile?" in FreeAgent Central:

Ok, I see what's happening...

My tax year runs Jan- Dec, but the mileage is calculating totals from Apr-Apr.

Should it be following *my* tax year, or Apr-Apr??

Ed Molyneux replied on September 21, 2008 22:48 to the question "Mileage only logging £0.25 per mile?" in FreeAgent Central:

Guy,

The mileage rates are assigned according to the cumulative mileage in the tax year, rather than the calendar year.

Could it be that you're expecting it to be the calendar year?

Ed Molyneux replied on September 20, 2008 04:03 to the question "Mileage only logging £0.25 per mile?" in FreeAgent Central:

Guy,

Hmmm. We'll take a look into it.

guydickinson asked a question in FreeAgent Central on September 19, 2008 16:09:

Mileage only logging £0.25 per mile?

I'm adding last year's (2007) mileage (I know...hey 2008's is up to date :-) and the weird thing is, FreeAgent is logging only 0.25 for each mile, rather than 40p...

I've only got up to 1,500 miles for 2007 so far, so I've clearly not hit the 10,000 limit.

Is this a bug?

A comment on the idea "Feature Request: Tax Reminders" in FreeAgent Central:

I'm sure HMRC think every taxpayer is special. The only problem is they don't show it! – Stuart Jones, on August 14, 2008 19:58

A comment on the idea "Feature Request: Tax Reminders" in FreeAgent Central:

Ah okay... so I'm not that special then :'( – djwhisky, on August 14, 2008 19:07

Stuart Jones replied on August 14, 2008 19:02 to the idea "Feature Request: Tax Reminders" in FreeAgent Central:

@djwhisky
Only because you submit your VAT return online. If you were still completing a paper return you wouldn't receive a reminder.

djwhisky replied on August 14, 2008 18:23 to the idea "Feature Request: Tax Reminders" in FreeAgent Central:

I already get an email from HMRC when my VAT deadline is looming... do you not?!

A comment on the idea "Feature Request: Tax Reminders" in FreeAgent Central:

@Ed; I really like the Companies House deadline addition. Not so much for the deadline (which are not hard to commit to memory), but because FreeAgent is moving slowly and steadily towards becoming a true total "one stop" shop for contractors and small service-orientated businesses. I'm looking forward to seeing what you're going to do next (and fingers crossed for the improvement to expenses :P) – Mike Wilson, on August 11, 2008 14:16

Ed Molyneux replied on August 09, 2008 23:21 to the idea "Feature Request: Tax Reminders" in FreeAgent Central:

Yep, we're definitely moving towards this idea - keep the suggestions coming - especially with our recent addition of Companies House deadlines.

guydickinson replied on August 08, 2008 22:12 to the idea "Feature Request: Tax Reminders" in FreeAgent Central:

I think a whole bunch of reminders for date based activities would be grand...I vote for 7 days too - I wouldn't want to overegg the 'spec' - but an email reminder of anything listed in the tax timeline would be useful.

guydickinson started following the idea "Feature Request: Tax Reminders" in FreeAgent Central.

guydickinson replied on July 30, 2008 08:56 to the question "Client pays me 1p over my invoice amount, FreeAgent marks it as 'overdue'" in FreeAgent Central:

That would work (so it works in a similar way to how multiple invoices can be reconciled against a 'master' payment).

This invoice type of ''credit/carried forward from other invoice' is something you'd create in the system, right?

I suppose another option would be that an invoice that has been allocated the full funds would be marked as 'paid', and excess monies sits in the account with the ability to explain the payment as 'other cash'?