145) Total turnover shown as £4000 though no invoice 21-22 in my draft account

[SimonMac]

Does your accounts run on when an invoice is generated, or when an invoice is paid? It could be raised in one year and paid in the next?

Without knowing your full books we can't tell you what your own numbers are showing

[northernladuk]

Does your accounts run on when an invoice is generated, or when an invoice is paid? It could be raised in one year and paid in the next?

Without knowing your full books we can't tell you what your own numbers are showing

He knows his full books and he doesn't know what numbers it's showing. Gonna be a tough one this

[TheCyclingProgrammer]

I think it is because you have an invoice in that period even though it wasn't paid. It appears in your books when the invoice is raised. You need to speak to your accountant. There may be a possibility to defer into the next accounting year when it was actually paid.

You can’t do that. Turnover has to be accounted for on an accruals basis. Even work in progress that hasn’t yet been invoiced by the year end should be accrued.

[TheCyclingProgrammer]

Does your accounts run on when an invoice is generated, or when an invoice is paid? It could be raised in one year and paid in the next?

If OP is running a Ltd company then it can only be the former as Ltd companies cannot use cash basis accounting.

[WTFH]

If OP is running a Ltd company then it can only be the former as Ltd companies cannot use cash basis accounting.

You're making the assumption that the OP has a clue what they are doing, and based on posting history, that is a massive assumption.

[TheCyclingProgrammer]

You're making the assumption that the OP has a clue what they are doing, and based on posting history, that is a massive assumption.

OP might not have a clue but hopefully their accountant does.

[malvolio]

OP might not have a clue but hopefully their accountant does.

I'm not convinced about that either...