Purchases and payables
Keep supplier invoices in the same record as your sales
Record and manage supplier invoices in Invoice And Tax, see what you owe with payables ageing, and let purchase documents flow into the tax ledger that prepares your VAT return figures.
- Supplier documents in one place
- Payables ageing
How does Invoice And Tax handle purchases?
You record supplier (inbound) documents in Invoice And Tax and manage them alongside your sales. Accounts-payable ageing shows what is due and overdue, and purchase documents feed the tax ledger used to prepare your VAT return figures.
Outcomes
What you get
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Supplier invoices, recorded
Record and manage supplier invoices in one place instead of scattered inboxes and folders.
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Payables ageing
See what you owe, to whom and for how long.
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Purchase VAT in the ledger
Recorded purchases feed the tax ledger behind your VAT return figures.
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Linked to settlements
Payments you make can be allocated against supplier documents.
Settlements: Linked to settlements
How it works
From supplier document to VAT figure
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01
Record
Enter or import the supplier invoice with its tax details.
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02
Review
Check the document and keep it alongside your other records.
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03
Pay and allocate
Record payments and allocate them to the supplier documents.
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04
Include in VAT
The purchase feeds the tax ledger for return preparation.
By role
What it means for each role
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Finance team
Clear payment priorities
Payables ageing shows what is due this week and what is already late.
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Accountant
Purchases and sales together
Input and output VAT come from one ledger, so the return reconciles.
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IT
Fewer side spreadsheets
Supplier documents are recorded in the platform rather than tracked in separate files.
Purchases questions
Can I import supplier invoices in bulk?
Use Excel and CSV import or the API, depending on where your supplier data lives.
Do purchases count towards my VAT return figures?
Yes. Recorded purchase documents feed the tax ledger used by VAT return preparation.
Is there a payables ageing report?
Yes, accounts-payable ageing is part of the reporting catalogue.