Hello,
A trivial question (to some I guess), but looking for some help as a newbie...
Each month I submit 2 invoices to my agent, 1 for my charge-out rate and 1 for business expenses. For the last month, my agent has miss-calculated and underpaid my invoice by £10.
As a newbie, is it worth chasing this? I.e. is this sum crucial to ensure the books balance. If so, will the agent have to re-credit the previous amount paid, or will a payment for the difference (a tenner) be fine in terms of the accounts.
Appreciate it’s a measly sum, but just wondering the accounting principles are should this happen in the future.
Thanks!
A trivial question (to some I guess), but looking for some help as a newbie...
Each month I submit 2 invoices to my agent, 1 for my charge-out rate and 1 for business expenses. For the last month, my agent has miss-calculated and underpaid my invoice by £10.
As a newbie, is it worth chasing this? I.e. is this sum crucial to ensure the books balance. If so, will the agent have to re-credit the previous amount paid, or will a payment for the difference (a tenner) be fine in terms of the accounts.
Appreciate it’s a measly sum, but just wondering the accounting principles are should this happen in the future.
Thanks!
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