{"id":94,"date":"2021-07-14T14:40:40","date_gmt":"2021-07-14T13:40:40","guid":{"rendered":"http:\/\/192.168.91.100\/wordpress\/?page_id=94"},"modified":"2025-10-27T16:31:53","modified_gmt":"2025-10-27T16:31:53","slug":"2-4-2-allocating-payments","status":"publish","type":"page","link":"https:\/\/www.thelovens.co.uk\/OfficeManual\/?page_id=94","title":{"rendered":"2.4.2 Allocating Payments"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">When we receive payments from Clients, the money needs to allocated as follows:&nbsp;<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Payments on account go to the Sterling account, but we need to enter details in the &#8220;Client Account&#8221; spreadsheet, even though we no longer operate a separate account.<\/li>\n\n\n\n<li>Invoiced payments need to be divided on receipt so that:<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">a.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the VAT element goes into the savings account;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">b.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Foreign associates\u2019 fees are paid to the relevant foreign associate if already invoiced, or an appropriate estimated sum is held in the Savings account until we receive the relevant invoice.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.thelovens.co.uk\/OfficeManual\/?page_id=67\" data-type=\"page\" data-id=\"67\">Back to&nbsp;Handling Client Money<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>When we receive payments from Clients, the money needs to allocated as follows:&nbsp; a.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the VAT element goes into the savings account; b.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Foreign associates\u2019 fees are paid to the\u2026<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":67,"menu_order":2,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"class_list":["post-94","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/www.thelovens.co.uk\/OfficeManual\/index.php?rest_route=\/wp\/v2\/pages\/94","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.thelovens.co.uk\/OfficeManual\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.thelovens.co.uk\/OfficeManual\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.thelovens.co.uk\/OfficeManual\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thelovens.co.uk\/OfficeManual\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=94"}],"version-history":[{"count":5,"href":"https:\/\/www.thelovens.co.uk\/OfficeManual\/index.php?rest_route=\/wp\/v2\/pages\/94\/revisions"}],"predecessor-version":[{"id":828,"href":"https:\/\/www.thelovens.co.uk\/OfficeManual\/index.php?rest_route=\/wp\/v2\/pages\/94\/revisions\/828"}],"up":[{"embeddable":true,"href":"https:\/\/www.thelovens.co.uk\/OfficeManual\/index.php?rest_route=\/wp\/v2\/pages\/67"}],"wp:attachment":[{"href":"https:\/\/www.thelovens.co.uk\/OfficeManual\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=94"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}