- Original Poster
- #1
Hello,
I'm new to bookkeeping and to FreeAgent so sorry for the low level question.
If I do a job for a customer and create them an invoice for say £30. They then pay me £30 cash. The £30 is there for in the system as I created the invoice. I then spend the £30 out of my pocket on printer paper. I then create a new out of pocket expense for £30 for computer paper and attach the scanned receipt. I then need to create a manual payment for £30 to show that it has gone out to pay the out of pocket expense.
Is this the correct way of doing thing or am I getting it all mixed up!
)
Thanks for any help with this matter.
Sam
I'm new to bookkeeping and to FreeAgent so sorry for the low level question.
If I do a job for a customer and create them an invoice for say £30. They then pay me £30 cash. The £30 is there for in the system as I created the invoice. I then spend the £30 out of my pocket on printer paper. I then create a new out of pocket expense for £30 for computer paper and attach the scanned receipt. I then need to create a manual payment for £30 to show that it has gone out to pay the out of pocket expense.
Is this the correct way of doing thing or am I getting it all mixed up!
)Thanks for any help with this matter.
Sam
