Do I need a purchase order?
Purchase orders (POs or PORs) often fulfil a key part of the procurement process, but they’re not used routinely by all organisations and there’s no obligation from an accounting perspective to have them – or is there?
Purchase orders (POs or PORs) often fulfil a key part of the procurement process, but they’re not used routinely by all organisations and there’s no obligation from an accounting perspective to have them – or is there?
If you have multiple VAT registered businesses, it is worth checking that you are claiming the right VAT in each instance to avoid HMRC disallowing claims for input/output tax. When reviewing returns from each business, HMRC will not only want to see a clear line of documentation relating to each transaction but will also seek […]