or for an energy company who harass - like they spend hours a day contacting you for minutre - but you can't contact them. sound familiar !!!!!
oh real difference is that they are rude, abusive and use odd phone numbers.. ah dealing with hmrc is so nice by comparison....
many thanks : should this be just one inv/receipt in a much larger overall remiitance' ie say 9 invoices paid + one overpaid - presumably this would require 2 xero entries/bank receipts ? so 2 xero entries v 1 bank statement to reconcile
Just use an invoice or credit note option - reference WRITE OFF and use great descriptive/narrative in the white spaces - contra any account -aka like suppliers normal cost nominal ?
one entry only ! use the correct vat code and bos yor uncle!
if you have BGas ' property 1 and # 2 - you should have 2 supplier Trade creditor/or/ purchase ledger accounts. They have 2 accounts for You.. Will make reconciling so much easiier in the long run
tagging / department / etc for each property in the p+l is fine for p+l / property reporting
Next Supplier : received early morning text from vodafone - '...likewise adverse weather has prevented some of our staff from making it to work today.... '
so the networks will be done-[ awaiting similar from BT !! ] aka no internet + with hmrc not about - perfect excuse for late filing ?
agree as a supplier - in sage - certainly allows for the project cost / department allocations etc - as stated previously
I would prefix the employee account with a general "* " or "# " or something similar ie *jonesAB- that would allow you to sort in sage by the prefix and have all staff accounts in an employee block - + be able to sort more easily around reporting times..
setting as bank account[s] takes up valuable nominal space
agency fee[s], possible pension AE ERS+ EEs : apprentice levy 'contribution', and from the company trading insolvently ie losses in company etc
stay clear of the co bank account !
effectively a contra to puchase ledger v DLA [ could be via an internal C?note media in the p/ledger supplier account no vat effect - so if this is sage t9] with decent naarative / audit trail
then :/match off/ allocate entries on purchase ledger
goods or services being sold
impact on ECSL
to OP : vat moss - any implication
If you are tobe 'paid' cash transferred - by the USA based company be aware of any deductions for taxes / withhold taxes etc. Also ensure contract states any international bank charges are not to your account [ they can be considerable !] and full invoice is received no deductions. Out of interest are you billing in $, receiving $ - do you have a $ bank account - but paying contractors in £ [ you'll run considerable currency exposure] W8Ben completion absolutely required but do seek professional accountants advice required for this