UK How to write-off multiple purchase invoices

[Louisa19]

Hi,

I was hoping someone could tell me how I write-off multiple purchase invoices, that have been allocated to different nominals, on one suppliers acc. For example: Supplier A has a balance of £2000 in o/s invoices. This amount includes charges that have been made to various nominals e.g repairs, project, stationery expenses etc. Would it be possible to use just one nominal, rather than credit each invoice individually? For example, raise a cn towards the repairs nominal for £2000? TIA.

 

[Fidget]

Comes down to materiality I suppose. If £2k is a drop in the ocean, then you could just plonk it on one nominal as it's next to nothing in the grand scheme of things.

Otherwise it's best to do it properly and that way the amounts are going against the correct codes and:

1) cost centre/progamme codes budgets against actuals will be accurate
2) if your accounts are audited, it'll save woes if audit pick up on it and want an explanation as to why it was done like that.

Something to always just be mindful of though is that taking shortcuts has a habit of coming back to bite you in the proverbial.