Hello,
I have received a proforma invoice towards materials and their fitting without a breakdown of labour at this stage, it is effectively only for a deposit for the materials. Should I
1 - handle this just as a material item outside of CIS,
2 - account for it as a prepayment and await the invoice with the breakdown in time and account for the labour then,
3 - go back to the subcontractor and request a breakdown of the whole amount even though this is just a deposit
I'm using xero with CIS.
Thanks