I am currently checking through all of my purchases as my company is now a vat registered company on the flat rate scheme.
Most of my purchase transactions are created by auto-downloading transactions from my bank and creating the equivalent purchase transaction in Quickfile. My question is this:
Must each and every purchase transaction have a scanned invoice for that transaction from the supplier uploaded next to it in quickfile?
Many of my purchase transactions are items like regular payments for insurance. Many of the insurance companies do not provide invoices and just collect monthly payments. Is there an easy guide I can consult as to what I must record with regard to purchase invoices in order for them to be claimable?
Or is it ok as long as there is a corresponding bank transaction proving the supplier was paid?