Payment to supplier

Two questions.....
(1) If I record a payment to a Supplier directly from company's bank account (e.g. a Direct Debit), do I need to enter the invoice into the system as well?

(2) How do I enter expenses that have been paid for using a company Credit Card ? I have entered the monthly Direct Debit payment of the credit card but I want to enter the underlying details so I can correctly allocate the expenses - Fuel, Re-chargeable Exps, Consumables, etc ?

Posted by Alan Rick on Dec 30, 2009 7:05 PM GMT

Hi Alan,

1. No, you don't need to create an invoice. Just record a new Money Paid Out transaction with Type of 'General Payment' and allocate to the appropriate account (eg. Electricity)

2. Again, create a Money Paid Out transaction with Type of 'General Payment'. Set the Paid From account to 'Mastercard' or 'Visa'.

Posted by Mark McLaren (Solar Accounts) on Dec 30, 2009 7:56 PM GMT