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Latest posts from the AAT Comment blog

How salary overpayments can impact accounting and bookkeeping
Unidentified monthly salary overpayments cause headaches for payroll departments and accountants alike. Here's how to mitigate such errors. The post How salary overpayments can impact accounting and bookkeeping appeared first on AAT Comment.
Connecting with you, and the future
Last week's AAT Connect offered the chance to strengthen bonds with a new range of contacts in the heart of London. The post Connecting with you, and the future appeared first on AAT Comment.
The magic of mentoring trainees
How one local authority supports its AAT trainees and apprentices through mentoring, buddy schemes and more. The post The magic of mentoring trainees appeared first on AAT Comment.
“Pioneering, tech-savvy and employer-focused”: Why AAT is the perfect fit for our trainees
The finance team at Worcestershire County Council explain how AAT qualifications are driving the success of their apprenticeship scheme. The post “Pioneering, tech-savvy and employer-focused”: Why AAT is the perfect fit for our trainees appeared first on AAT Comment.
Shortlist for the AAT Impact Awards 2024
We're excited to celebrate members of AAT's inspiring community. Find out who's shortlisted for the AAT Impact Awards 2024, which are awarded on Friday! The post Shortlist for the AAT Impact Awards 2024 appeared first on AAT Comment.

Students

General Qualifications 2022 discussion
Here you may discuss Qualifications 2022 as a whole, rather than any specific Level or unit.
AAT Level 2 Certificate in Accounting
Discussion for all Level 2 Accounting and Bookkeeping courses.
AAT Level 3 Diploma in Accounting
Discussion for all Level 3 Accounting and Bookkeeping courses.
AAT Level 4 Diploma in Professional Accounting
Discussion for all Level 4 Accounting and Bookkeeping courses.

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coronavirus (Covid-19)
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Recent Discussions

Need some advice
Hi Can anyone explain what this question on the licensed application form means in plain English? To be licensed you must have at least one active business where your role is one of the following: sole practitioner director or principal in a limited company in which either you, your household or your family hold at least…
Inventory lost & found/SH margin scheme
I work in a small engineering firm that operates on the second-hand margin scheme. It hasn't had a serious stock take in almost 25 years of trading, so over August we did a full inventory of the second hand stock. In that stock take, we've found around £30,000 of missing stock (valued at purchase price). However, we've…
Offering bookkeeping services
I’m an MAAT member and I have been looking at a way to make money on top of my normal job. My area of expertise is Management accounting. Now I know from experience that this can offer many advantages to small businesses if it is at a low cost. I am looking for a way to find a job that I can do in the evenings around my…
VAT advise
The vehicle was purchased from BCA Auction no vat charged this must be because the owner was not vat registered and yet the seller BCA are vat registered and charged no vat? This is the one of the reasons I asked the question I could /maybe wrong but if we purchase a vehicle without VAT and we are vat registered then…
AAT Online Group Session
Hey Everyone! My name is Rajan. I am a MAAT member and qualified Bookkeeper who has been delivering sessions in Accountancy since last five years. I was thinking of organising a group online sessions where students can join me to go through exam preparation for DAIF exam. Please share your responses so that I can see how…
Do I have to repeat the entire AAT Level 2 if I don't pass before my membership expires
I failed my synoptic (result released in August), then I had a lot of health issues so it's been months since I sat it. I'm studying it now but am basically relearning it again so am not ready but my membership expires in February. As it takes 6 weeks to mark, the latest I can sit is 24th December. Will I lose all my…
Career change advice
I'm sure this one has been asked many times before and does not have a definitive answer, but I am after some advice on making a career change into accounting. I am 43 years old and have been working as a quantity surveyor / estimator in the house building industry for over 15 years. It is a career path that I fell into…
Online Self Assessment for Agents
Good afternoon. I have been an Agent since 2019. The past week I have been struggling with online self assessment for agents. Ordinarily when I logged on to my agent account I was given the option to choose self assessment then view a list of my clients. Now when I log on, the welcome page states that self assessment is…
Do you prefer Quickbooks, Microsoft or another small business accounting software?
Do you prefer Quickbooks, Microsoft or another small business accounting software? Why or why not? I am starting a small business. I need software to invoice and track payments, track income and expense and basically keep everything organized for tax time. I've read positive and negative on all small business accounting…
Office Layout
Hi All We are in the middle of an office re-fit and ive been asked to come up with ideas of how i want my office to be decorated and furnished. To be honest am at an loss give me a home i can design and decorate that to a tea but an office i have no idea. So what do you lot think colours the lot? Thanks Vic

Announced Discussions

AAT | Continuity of practice cover
Hi all, We want to make you all aware that we have a directory that is available on our website for which is a great resource if you are looking for Continuity of Practice. It has a bank of AAT licensed bookkeepers and accountants, and you could use that to reach out and see if someone local is available to cover you. All…

Trending Discussions

Subject: Study Partnership for AAT 2
Subject: Study Partnership for AAT 2 Hi everyone, I’m currently on my AAT journey, specifically studying AAT Level 2. I’m also awaiting my exam results for the Introduction to Bookkeeping course. I wanted to reach out to those of you who are studying independently like I am. I think it could be beneficial to team up with a…
Level 4 - INAC Cost Benefit analysis - help!!!
Hi everyone, I need help and good examples of the cost benefit analysis, as I keep missing points for it in the exam. Not sure what I am doing wrong. Does anyone have any good exam pracise examples of it? as it's harder than I thought it is... Many thanks
Errors in the course materials
Has anyone else noticed frequent errors and spelling mistakes in the course materials? I’ve purchased books from both Kaplan and BPP, and I’m surprised by how many errors they contain. What’s more frustrating is that these mistakes don’t seem to be corrected in newer editions. It really impacts the study experience. :(
Question - How to handle an overpaid director's loan account?
Hi, There was a directors loan account on the books that was paid back on January 2023, however it was overpaid by 20p. I'm looking to try and bring this account balance to nil. Is it possible for the company to reattain the 20p - if so how would this be shown in the account? Or Does the 20p overpayment need to be returned…
Property in Trust of an LLP
I have a client who is looking to put the properties he owns in trust of an LLP, will this be subject to SDLT? I have spoken with HMRC representatives and they do not give me a definitive answer
Process for closing a limited company
Hi, I have a limited company client(one shareholder) who is now wanting to close their company. The company doesn’t have any debts. Has a small amount of cash in the bank. One fixed asset - a laptop (AIA was claimed). Their year end is 31st August and will cease trading in December. This is something I have never done…
Directors loan
If a director takes out a directors loan via the DLA, of approx £50k to cover the expense of a personal item, is this reportable on a P11d if he is paying interest at the HMRC official rate? (He intends to repay within the next three months), thank you
Books to sell
Hi, I have the full set of AAT L3 BPP and Osboren AQ2016 for sale. Is anyone interested?
MAT excel questions
Hi has anyone came across questions in excel asking “no need to use formulas”? If so how you calculate the answer please Thanks
Career change advice
I'm sure this one has been asked many times before and does not have a definitive answer, but I am after some advice on making a career change into accounting. I am 43 years old and have been working as a quantity surveyor / estimator in the house building industry for over 15 years. It is a career path that I fell into…

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