One of my client is changing their company name slightly. For example, John Smith LLP is now John Smith Plumbing LLP. Do I create a new client or modify the existing one. I don’t want this to affect my old invoices. They need to remain under the old name.
As long as it’s the same legal entity, you can just update the name of the client. Old invoices would remain the same.
So if for example, it is a name change, then updating the client is fine.
If however the client was a sole trader and is now becoming a limited company, they should be created as a new client.
Thank you for a quick reply Mathew. They are changing from LLP to Ltd. This is on top of slightly changing the name. The business is still the same in general.
If they are changing legal entity, I would go with creating a new client record just to make things a bit clearer, should there ever be any queries raised (from HMRC for example).
I’ll take your advice and create a new client record. Best to be safe.
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