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by BETTYB
02 May 2008, 18:13
Forum: Bookkeeping and Management Accounting
Topic: Nominal Code
Replies: 6
Views: 9162

The original invoice was from a now ex supplier for stock, who because we paid late charged us interest. We paid the original cost but they still insisted on the interest, saying that we had broken the agreement.
by BETTYB
01 May 2008, 16:12
Forum: Bookkeeping and Management Accounting
Topic: Nominal Code
Replies: 6
Views: 9162

No it's not something we have to pay a lot of. I wasn't sure whether it was classed as purchase costs, which along with carriage would be in the same category as purchases. :?
by BETTYB
29 Apr 2008, 19:19
Forum: Bookkeeping and Management Accounting
Topic: Nominal Code
Replies: 6
Views: 9162

Sorry, I meant an invoice from a supplier.
by BETTYB
23 Apr 2008, 21:44
Forum: Bookkeeping and Management Accounting
Topic: Nominal Code
Replies: 6
Views: 9162

Nominal Code

Hi everyone,

What nominal code would you recommend that I use for interest charged on a late invoice.

Thanks for replies.

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