Allocating payments received to income without raising an invoice

Ken

I have a cafe and receive payments from my card payment processor next working day. In Freeagent, I’m able to allocate these payments directly to income (split between food v drink, and vatable v non-vatable). I can’t see any way to do similar in Crunch and it looks like I have to raise an invoice to allocate payments to, even though I don’t issue invoices.

Am I missing something? Does anyone know how I can directly allocate money received into my bank account as different types of income?

Katie

Hi Ken,

That’s correct, in Crunch you’ll need to raise an invoice to account for your business income.

To help keep things simple, you can opt to raise a bulk invoice for the total you receive and allocate multiple payments to it. You could do this weekly, fortnightly or monthly - depending on your preference.

To give an example of how this works:

You receive your payments each day
End of the week, total the amount received
Create 1 invoice to match this total
Allocate your payments to the invoice.

Hope this helps!

Katie

CharlieNoah

Allocating payments to income without raising an invoice is a legitimate kinemaster apk download accounting approach in specific situations, particularly when the payment isn’t tied to a traditional sale of goods or services. Instead of issuing an invoice, the payment is recorded directly as income—typically through a “receive money” or “bank deposit” function in accounting software.

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