One of my clients sells via Amazon/ebay etc and pays fro postage via Royal Mail online. Some of the postage fees are debited to their business account - should I be asking for receipts to be printed or just process them as they hit the Bank account?
__________________
Joanne
Winner of Bookkeeper of the Year 2015, 2016 & 2017
Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.
You should check out answers with reference to the legal position
As it looks like some of the postage was private, I agree that it would be appropriate to verify the ones put through the business account. I believe the Royal Mail keeps a record of each postage transaction bought online, right down to the address of the recipient, and this can be viewed online. This should help identify business contacts from personal ones.
Thank you both. I did ask for the records (about 5 times) and eventually received a 12 page document showing all the expenditure, unfortunately not in excel/csv format. The whole business is rather messy, I got a Hermes printout with postal code info/names and no cost showing(7 pages) then one showing all the detail (14 pages) and I have no idea what relates to what at this moment - they sell via ebay and Amazon as well as over the phone from their own website. Should be fun.
__________________
Joanne
Winner of Bookkeeper of the Year 2015, 2016 & 2017
Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.
You should check out answers with reference to the legal position
Hi Iain
Sounds like a good idea, although they are not very receptive. I have to keep on at them. Tried to tell them that need a proper audit trail for everything but I cant even threaten them with the taxman! They had a VAT inspection in their first quarter as it was a big reclaim - due to importing so much stuff and the VAT man only looked at the C79s and one purchase invoice!!!!
I will keep trying though
__________________
Joanne
Winner of Bookkeeper of the Year 2015, 2016 & 2017
Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.
You should check out answers with reference to the legal position
What a great idea Iain. Im getting there with them, as they initially thought it was all about VAT, until I explained Corporation Tax, so that idea may just force their hand more!!
__________________
Joanne
Winner of Bookkeeper of the Year 2015, 2016 & 2017
Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.
You should check out answers with reference to the legal position
