I am getting this.
We are a Community Company (we do not have PAYE employees) so that we have
1. expenses (power, fuel etc) which I pay in 'Expenses'
2. We also have several freelance self-employed people who invoice us for their service such as A films a concert so we pay him his fee (after he invoices us).
Am I right that it would be better for our accounts to create a 'bill' for the freelancers who supply services (such as A's filming) and then pay it once we receive their invoice.
The company has only been up and running 3 weeks (and now all our clients have Covid-closed) but we still need to pay outstanding invoices from our freelancers. We are on Simple Start package (so I can't create a bill). Would I be better of on 'Essentials' in order to track these bills?
Thanking you all in advance.
G
