New here so hello to everybody!
My business is sells online courses. Payment is handled by Stripe who makes bulk payments (after 7 days) to our bank account.
My question is, from HMRC/Companies House point of view do I need to record each and every customer transaction separately in Xero?
Or can I just record the lump sums paid in to the bank account without customer details. Something like £1000.00 received from online sales.
What does HMRC/CH expect on this? Do they need to see every £ coming in great detail such as customer name etc or will they be happy with the accounts showing say £10000.00 sales online?
Any help would be appreciated.