Connect the purchase, receipt and sale
Supplier orders, goods received and invoices should share a reference. Delivery timing and ownership evidence matter at month end, especially for goods in transit or held at another location. Unit conversions and return credits need consistent treatment.
Customer trade accounts require accurate invoice allocation and credit history. A large transfer can settle several deliveries; a short payment should retain the reason rather than being spread across unrelated invoices.
Keep tax and stock categories meaningful
Goods bought for resale can require different PST evidence from equipment used by the business. The supplier name alone should not determine the tax code. We retain documentation and flag uncertain purchases or sales for review.
Illustrative example: a mixed supplier shipment
A Surrey distributor receives resale stock and warehouse shelving from one vendor. Separating the invoice lines lets the stock record reflect the goods available to sell while the shelving receives its appropriate asset and tax review. Treating the whole bill as inventory would distort both stock and operating records.
Questions about this work
Can you reconcile customer trade accounts?
Yes. Complete invoices, credits, remittance details and delivery evidence help explain each outstanding balance.
Can you manage the inventory valuation policy?
We apply the agreed policy to supported records. Choosing or changing the accounting and tax treatment requires the responsible accountant’s review.
Put this into practice
Sources and current guidance
A practical next step
Bring the records you have.
We can identify missing information, agree on the scope and organize the next bookkeeping step.
Request a bookkeeping review