Paying cash for work through Ltd

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Spoiler replied

11 June 2012, 11:19
That's what I'm looking for, thanks both.
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cojak replied

11 June 2012, 10:52
I create a remittance advice as BB said. This keeps my accounts tidy.

http://en.wikipedia.org/wiki/Remittance_advice
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BolshieBastard replied

11 June 2012, 10:44
Originally posted by Spoiler View Post

I need a small piece of design work doing for my Ltd co, and one of the people I'm considering using has suggested that cash would be their preferred method of payment. I am also guessing that:

a) They are not VAT registered
b) I wont receive an invoice from them

Can I generate an invoice on their behalf and put it through myco as usual, paying them direct from myco? Then what they do their side is their business ...

VAT isnt an issue since a company doesnt have to be registered unless their T\O is at or above prescribed limits.

Nothing to stop you creating a sales invoice for the work even if you pay them cash. You cant create an invoice for them though.
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Spoiler started a topic Paying cash for work through Ltd

11 June 2012, 10:29
Paying cash for work through Ltd

I need a small piece of design work doing for my Ltd co, and one of the people I'm considering using has suggested that cash would be their preferred method of payment. I am also guessing that:

a) They are not VAT registered
b) I wont receive an invoice from them

Can I generate an invoice on their behalf and put it through myco as usual, paying them direct from myco? Then what they do their side is their business ...
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