I have been into my current account and tagged payments I have made to suppliers. However when I go into “Purchases / View Payments” it says all my payments are “Currently unallocated”. Does this mean I have to raise a purchase invoice for each and then match it? If so how do I do this?
Do I have to do the same for sales coming in. i.e. do all payments I make and income I receive need to be allocated to an invoice?
Any help would be greatly appreciated.