MTD for Income Tax is a change, not a crisis. With the right support, it becomes just another well-managed part of your business.
MTD for Income Tax is a change, not a crisis. With the right support, it becomes just another well-managed part of your business. Click here to learn more.
Invi isn’t just bookkeeping to me, it’s my way of helping people feel more supported, more informed and a little less alone in running a business while hopefully, providing a little more space for life outside it too!
Taking a view is fine when there’s enough information to make a reasonable judgement. It’s not the same as guessing when something important is missing – which is why I’ll sometimes come back and ask you instead.
A bank transaction gives me the date, amount and who was paid. The receipt or invoice tells me what you bought and whether VAT was charged – information I often need to record it properly.
A full VAT invoice needs to include things like the supplier’s name, address and VAT number, a unique invoice number, the dates, what was supplied, the amounts and the VAT charged. Simplified invoices of £250 or less can contain fewer details.
Usually, we’ll first see whether you can get a copy or find other evidence of the purchase. The cost may still be recordable, but reclaiming the VAT can be trickier without the proper evidence. HMRC can accept alternative evidence in some circumstances.
Reconciliation isn’t just matching a payment to something that looks right. It’s also deciding what the transaction was, where it belongs and whether anything else needs checking. If I’m doing your bookkeeping, leave that bit with me.
I started Invi because I believe your business should give you freedom, not constant low-level anxiety.
Your numbers shouldn’t feel intimidating or out of reach. They should feel manageable. Understandable. Useful.
When you have clarity, you make better decisions. And better decisions build stronger businesses.
