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Unprofessional Invoicing?

Posted: Tue Jun 13, 2017 3:35 pm
by JBean
Is it a legal requirement for invoices to have a unique sequential reference no? If so, why would a company not use unique nos? Are there any benefits from not using them? Any penalties for not not using them? Also, do quotations have to have unique numbers also and is it okay if a document is headlined 'quotation/invoice'?

Re: Unprofessional Invoicing?

Posted: Fri Aug 16, 2019 10:16 am
by jerome.lane
If the business is VAT registered, then yes, sequential invoice numbering is generally required by VAT statute.
If the business is not VAT registered, then it isn't really a legal requirement, but if multiple invoices are raised, it makes book keeping, credit control and resolving issues a nightmare.
HMRC could levy penalties where record keeping is poor and it results in problems. A business with 5 clients raising 5 invoices a year could probably get away with it. In the real world, why wouldn't you develop OCD and do things in an ordered fashion? :lol:

Re: Unprofessional Invoicing?

Posted: Sat Aug 17, 2019 7:25 pm
by pawncob
Quotations don't require numbering. A quote marked as a quote/invoice should be numbered. Usually such items are paid in advance.