I have a client who has used credit cards for a lot of payments.
I am saying that we need to analyse the credit card statements. My client wants to use the repayments of the credit cards from the bank account and estimate the analysis without looking at the credit card statements. He doesn't want to take into account the fact that the payments from the bank doesnt agree with the credit card charges. I have explained to him that he will leave himself wide open to a charge of VAT and tax fraud if he decides to estimate VAT and expenses rather than put the correct figures in the accounts.