Hi there
Loving solar accounts so far.
But something has confused me. When i do a profit/loss report it includes unpaid invoices as income.. is that correct?
Cheers
Gary P
Hi Gary,
(Glad to hear you like our software!)
Yes - this is standard practice in accounting as it is more accurate to recognise a sale when you do the work (ie. issue an invoice) rather than when you receive payment. Also note that when filling out your income tax or corporation tax return HMRC require that you treat invoices as income, even if they haven't been paid.
Regards,
