Question
My client emails invoices to me. I post the bank transactions. Invoices are paid on a statement basis. How do I match the invoices to the payment at the end of the month?
As in, should I post the invoices to the purchase ledger and then allocate bank payments ? Presently I post the bank payments as expenses because I'm under time pressure to get the VAT done. I'm not a bookkeeper, I'm an accountant, so I dont think in pie of invoice terms !