Invoicing & Payments from 2 separate companies
Xstyle
Posts: 338
Forumite
Hi,
Hoping you can please?
There are 2 companies and the 1st one needs to close, so don't want any trading activities going through it. The issue is, a payment needs to be made to a supplier for the remaining 50%.
How can this payment be made from Company 2, without the supplier reissuing another invoice, they have already confirmed they won't, unless its for the whole amount.
Making a payment classes as trading, and you need 3 clear months before you can close a business.
Thanks,
Sid
Hoping you can please?
There are 2 companies and the 1st one needs to close, so don't want any trading activities going through it. The issue is, a payment needs to be made to a supplier for the remaining 50%.
How can this payment be made from Company 2, without the supplier reissuing another invoice, they have already confirmed they won't, unless its for the whole amount.
Making a payment classes as trading, and you need 3 clear months before you can close a business.
Thanks,
Sid
0
Comments
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The short answer, from an accountant, yes you can still pay debtors, and thats not classed as trading. So the bank was wrong!0
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Hi,
Hoping you can please?
There are 2 companies and the 1st one needs to close, so don't want any trading activities going through it. The issue is, a payment needs to be made to a supplier for the remaining 50%.
How can this payment be made from Company 2, without the supplier reissuing another invoice, they have already confirmed they won't, unless its for the whole amount.
Making a payment classes as trading, and you need 3 clear months before you can close a business.
Thanks,
Sid
As a supplier, I wouldn't give 2 hoots where the money came from to pay my invoice ... as long as it is paid in full.0 -
The short answer, from an accountant, yes you can still pay [STRIKE]debtors,[/STRIKE] and thats not classed as trading. So the bank was wrong!HatAndScarf wrote: »As a supplier, I wouldn't give 2 hoots where the money came from to pay my invoice ... as long as it is paid in full.0
This discussion has been closed.
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