Forum Message

Allocating invoices to financial year

Our financial year ended 30 June but we will receive invoices in July for work carried out in June.

The problem is that when we create a new purchase invoice using the actual date received, it is excluded from the reports for the previous financial year.

Is there any way around this?


Posted by Matt Griffin on Jul 18, 2012 4:00 PM BST

Hi Matt,

The date you enter into Solar Accounts should be the date on the invoice, not the date that you receive the invoice. If the date on the supplier's invoice is in July then I think it would be best to treat the expense as occurring in the current financial year, not the previous year - however, please check this with your accountant as he/she may prefer a different approach.

Regards,


Posted by Mark McLaren (Solar Accounts) on Jul 19, 2012 9:32 AM BST