Please forgive me, I find all things accounting very confusing.
So I’ve downloaded crunch to replace my basic excel cash book which I give to my accountant.
I’m self employed - however I do work on a self employed basis for a company who invoices the client directly.
I get paid directly from the companies.
I then pay a monthly commission to the company I (sub contract) work for (an invoice is issued monthly from them which I pay).
My question is this:-
I started reconciling the payments from the bank with the clients I’d set up on the system.
I then realised it wouldn’t accurately show my income for the year which my accountant will need if I don’t have the original invoice. If the invoice is generated externally by the company I work for, does that mean I have to retrospectively input an invoice (not issue it to the client) and then reconcile it to the payment?
Can It be matched to the payment even after I’ve reconciled the client and bank account?
I really hope that makes sense,
Thank you for your help.