Purely an accounting question - so if I have an invoice issued on 2nd April for work relating to the prev. month up to 2nd April. Paid 7th April. Does it matter which accounting year I include it in as long as I include it?
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invoice issue.
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Originally posted by babybel View PostPurely an accounting question - so if I have an invoice issued on 2nd April for work relating to the prev. month up to 2nd April. Paid 7th April. Does it matter which accounting year I include it in as long as I include it?
Then reverse this adjustment on 1 April, so the income is not included twice when you raise your invoice on 2 April.
If you are VAT registered, you need to make sure the 'work in progress' is the net income, after VAT payable to HMRC.
We're all ears! -
Originally posted by babybel View PostPurely an accounting question - so if I have an invoice issued on 2nd April for work relating to the prev. month up to 2nd April. Paid 7th April. Does it matter which accounting year I include it in as long as I include it?Comment
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