treatment of purchases

System
System Posts: 100,534 🤖 Admin 🤖
edited June 18 in AAT student discussion
Hi i have just started the foundation level, but have also just started a book keepking job one day a week. <BR><BR>Can anyone advise me what to do with a back log of invoices, should i enter them individually or can i batch say BT bills for last six months together under entry?<BR><BR>also if a customer has a 12 month subscription, do i have to send monthly bill when the direct debit is taken?

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  • System
    System Posts: 100,534 🤖 Admin 🤖
    treatment of purchases

    Hi<BR><BR>Personally I would send the Invoice out to the customer who has a 12 month subscription on the date that the subscription started from, I would Invoice him for the total amount, and show a breakdown on the Invoice of the amounts being taken each month by DD.<BR><BR>You can batch invoices if you like, the only problem I can forsee with that, is that if you wanted to do a month end, or VAT qtr you will have to sort back through the entries to pull out all the ones that correspond to the date range in question. I suppose it depends on the way your company is set up.<BR><BR>You could batch a range of invoices for a month, or qtr say, then this would save you having to key each one in individually, and you would be able to cross match for financial reporting.<BR><BR>Hope this is of some help.<BR><BR>Tracy (Ps since replying, I have seen your message on General Forum, and I have replied in further detail).
  • System
    System Posts: 100,534 🤖 Admin 🤖
    treatment of purchases

    thanks for your help (-:

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