Invoices

System
System Posts: 100,534 🤖 Admin 🤖
edited June 18 in AAT student discussion
If you recieve a paid invoice by a company who has and will only ever supply this one item to the business, is it better to add it as a supplier or do it as a card payment?<BR>Any suggestions greatly appreciated.

Comments

  • System
    System Posts: 100,534 🤖 Admin 🤖
    Invoices

    Hi Francky<BR><BR>In this situation I would process the payment through the bank, and type the name of the supplier in the reference column.<BR><BR>OR...<BR><BR>If the amount has been paid by a credit card, do you have an expense account it needs to be run through at all, for example all our company credit cards are with the Natwest, so I have an account in suppliers called Natwest to which I post all the relevant invoices and payments going through that account, and I then mark them as paid once I receive the credit card statement.<BR><BR>Hope this is of use to you.<BR><BR>Tracy

Categories

Privacy Policy