Discover the Cis Invoice Example for Purchasing that Enhances Your Workflow

Cis invoice example for Purchasing

foreign and welcome to another example of how we price um various clients and this it would be pricing for a CIS contractor and a subcontractor and it's a sole Trader better turnover um over 70 000 pounds and and this little trigger has got two bank accounts one of which is a credit card uh over above 65 Bank lines all together and and they've got a few contractors and he is a subcontractor himself uh he's happy to use zero Bank fees and he's sending invoices and quotes from zero so again we're using a gold proposal as our pricing software and these businesses illustrator and we will be starting work from April for financial year end of March 2024. so this client doesn't need us to raise any sales invoices nor chasing um their clients and they mentioned they've got about 35 purchasing voices a month and they're happy to use decks and which is a filing software for um all the paperwork and that allows us to use a telephone app to take a picture of all the printed document text also um allows drag and drop if it's an attachment within your email or within your files but also you will receive a designated text um email address where you can forward and any emails which have the invoice within the audio of the email or as an attachment but also you can give this email address to suppliers who can directly uh post all their invoices and receipts to your emotions that brings up um prompt for us to process so um allows us to use facility called French and that means you will put your login details in and the Expo download um and regular monthly or ad hoc invoices such as toolstation Screwfix BT talk talk so you don't have to log in every time to get your invoice and this client deals within UK so there's no foreign invoices no other currency and as we as I mentioned earlier um he's happy to use pancreas facility that means once he puts his bank details or unclogging through um they're not safe anywhere it just allows zero to um pull information from the bank or Bank pushing the information to zero uh it's only one way and that would be just one bank account but because there's a credit card so there will be two hopefully the credit card also allows Bank feed if not and then obviously we would need to lower it down so in this case this credit card doesn't allow us to do back seats but client is happy to send this to CSV for however we need to change it um into a zero format and manually upload it we then ask how many items all together are between the bank account and the credit card which were 65 and there's two two bank accounts reconcile um on a monthly basis um that means we will link all the sales uh with the edges on the bank account to uh and to purchase invoices or receipts and if there's any receipts missing or there's a question we will talk to client and ask for further receipts to be uploaded to text or give us an explanation what each item is for um and then once this is fulfilled we will print out a bank Reconciliation Report showing the balance uh e being equal to the bank statement and credit card statement and so that means we never missed anything there's not a setting and reconciled items um this client also have got he's got no employees however he's got CIS contractor so because he's a subcontractor he once a month he's he works for this on my company and once a month he send us his monthly report uh to be uh submitted to HMR and customs and then he's got few uh subcontractors they keep changing coming and leaving and so we will require a list of information to set up the subcontractor in the system and on every she's got three to four so I've contacted who he wants to pay monthly and but they have there are no employees and he's the Oregon zero uh so a We're not gonna charge for it but it's happy to use Dex because we're trying to get ready for MTG for ITA and to get fully paid to land have access to all the information straight away and he decided to do his own self-ass manufacturer which is fine so we prepared the calculation for Morris and yeah that means um it will repeat everything we talked about and that this is the amount of paperwork to be processed because there are Bank feeds we do not have to charge for uploading bank account the credit card uh unfortunately yes that's when your work involved for us to convert it upload it receive it Chase it and and then this is for reconciling booth and the bank account and the credit card and this is the back and forth communication formation receipt and uh comparing if all the feeds are working correctly and the information have been uploaded correctly and then the closing balances are reflected correctly ing to the bank and credit card statement printed and that the client um will would like us to process at the uh claim for uh CIS however and there is no longer counterclaim against subcontracted deduction uh but we can still submit it to our general customs ready for uh year end when the client can claim that on his health system 10. because they are full and subcontractors on on average and that's what would be charged on a monthly basis and and we would charge for Dex it usually costs about 20 pounds a month to use but we want our clients to be paid for Less so we offer a hugely discounted price so if this client was happy for us to process it monthly this would be our price we are VH registered business we would take care of all the deadlines all the RTI we've been submitted all the contractors would get their reports and pay slip and monthly statements deduction correct deduction of labor and material and at every new contractor we have to put through the system will be checked for correct percentage either 20 or or 30 percent or zero if they're on Gross and and we will inform the kinds of any change every month if they lower the percentages from 30 to 20 or from 20 to zero so there are any introductions made made correctly when it comes to settlement of the client invoice of the subcontractors invoice and so once we happy with all the figures we fill up um the necessary information there and then every client will then receive our proposal which collect all the information discussed and and then go through the items together so first there's an overview for all the activities and and then total monthly direct debit which will be set up if the client wishes to go ahead for monthly Services obviously we can talk partially uh or just one of yearly and then we can just discuss the RTI for CIS only and this is this proposal also includes all the software we're using for purposes of providing good service with zero certified practice I mean money stuff for payroll and CIS submissions and then that's this will be provided to clients for their filing and retrieval of all these documents at any time once uh you get to the further section of the proposal there again um showing all the items we agreed what your responsibility are what our responsibility uh and um all uh information about headlines something about our team as well and then you can you also get a letter of Engagement and which states information about us being ICB set by practice about our insurance and yours and our responsibilities and once you're happy with all the information we hit send button you'll receive it before the end of the meeting and once you're happy it's a proposal for you will follow the instruction that's shown um on the proposal itself there will be a button here for you to accept and it will navigate you to fill your and name and business information and also um Bank information to show your commitment but we won't be taking any money until we send our invoice first and the money will be collected on the due date of the annuals which is usually important if you've got any other questions please let me know and we will look forward to hearing from you thanks bye foreign