Company Accounts discrepancy at end of year...

[moorfield]

Which is why I will take the advice given earlier and show it as a creditor. When they ask I will return it.

Pay them back in Marks & Spencer's vouchers.

[Sausage Surprise]

The overpaid invoice should not be shown as income in the accounts

Which is why I will take the advice given earlier and show it as a creditor. When they ask I will return it.

[SackmanandCo]

The overpaid invoice should not be shown as income in the accounts

[Sysman]

The agency may realise their mistake at its annual audit or next VAT inspection.

[Stag Cozier]

No problemos

[Sausage Surprise]

Don't raise another invoice as it will mean additional income which you'll have to pay CT on. The correct reflection is to show it as a creditor in your accounts as they could still ask for it back somewhere down the line.

2 options:

1. Either come clean with the agency and get in their good books OR
2. Keep schtum, hold onto the cash in the company until they twig and then repay it back, all the while earning tuppence in interest for your company.

I like 2 the best and you're right about the invoice too. Cheers

[Stag Cozier]

Don't raise another invoice as it will mean additional income which you'll have to pay CT on. The correct reflection is to show it as a creditor in your accounts as they could still ask for it back somewhere down the line.

2 options:

1. Either come clean with the agency and get in their good books OR
2. Keep schtum, hold onto the cash in the company until they twig and then repay it back, all the while earning tuppence in interest for your company.

[Sausage Surprise]

Looks like an agency (that I no longer work for ) has overpaid me. There's around £2.5k unaccounted for when matched to invoices and checking the bank statements it looks like I got paid twice for the same invoice. This happened 8 months and 2 contracts ago.
Do i just knock up another invoice to cover it or come clean and contact the agents concerned?