Just a quick query about entering business rates. We’ve been tagging them directly from our bank account to General Rates (7103). Is this the right way to do it, and is there anything else i need to do? For example i don’t enter it as an invoice or anything? Been doing this for a while and thought it was right, but just wanted check how other people did it.
Thanks in advance 
Sean
Hi Sean,
Do you normally get issued with an invoice or document of some sort for this? If you do, I’d be tempted to go down the invoice route only for traceability and so you can attach the document to it.
But generally speaking, directly tagging it is normally fine. If in doubt, I’d double check with your accountant (I’m not one)
Hope that helps?
We get a statement showing what we’ll be paying for the year, but no monthly invoices. So we have a record of why were paying the amounts, so i guess that makes it kind of traceable.
Cheers for getting back to me 
Hi Sean,
I would say direct tagging is fine but keep the statement, as it may class as a prepayment or accrual for the year end accounts.
Kind regards,
Chris
Yeah we normally keep any paper work like that anyway. Would you say another method might be better? i.e. purchase invoice etc?
For other similar things like insurance on a monthly DD, I’ve done it by creating an invoice for the first payment with the schedule attached to that, then used the recurring purchase mechanism for the remaining monthly payments. When you do that each recurring purchase has a link back to the original template one so you can easily get back to the statement if you need to.
Ah that’s a canny way of doing it 
Will give that a try. Cheers!