Hi, am using sage accounts production. Most payments are creditors but some are for one off or occasional purchases without VAT ( when there is VAT I use a sundry creditor code and assign an invoice number to invoice and keep invoice sequentially on file). For these one off purchases should I keep the invoice and if so how should it be stored, in sundry creditor and assign it an invoice number?
I keep all purchase invoices in one file, filed alphabetically so to ease the search if required. All are numbered, being the entry number on whatever system is in use. The only difference is how it is input onto the system ie if creditor it will be input that way or ad hoc purchase is usually cash/chq so will be input via the bank accounts.
With the VAT, you either enter it as T0 or T1 etc....
