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May 26, 2021
Question

How do I categorise a supplier payment?

  • May 26, 2021
  • 1 reply
  • 0 views

I run a small research consultancy for which I work with fieldwork companies to supply sample and run fieldwork. 

When they invoice me, how should I categorise this? Is it other business expenses?

1 reply

May 26, 2021

Hello Tara, We've included the categories for Self Employed which give descriptions of when best to use them as a guide. Yes, you could use other business expenses as I don't think it fits in the other box 17 cost of goods bought for resale or goods used which would be the other option.It may be worth confirming with an accountant they are happy with that.