Forum Message

Wee bit of help please

Currently we do all our accounts on excel, this is just a simple cash book, entering payments received, expenses etc, then the accountant does everything else but we are going to change to using Solar Accounts package.

We have had our accounts drawn up from start 31 July 2007 to 5th April 2008

So what I am planning to do is...carry on using Excel till April 5th 2009 then switch to solar accounts. I do not want to (if I can help it) backtrack and enter everything into Solar accounts

But what do I do with invoices?

We have some that we have received towards the end of March which will be paid towards the end of April...how do I deal with these?


Posted by Adrian on Apr 1, 2009 5:02 PM BST

Hi Adrian,

For an unpaid invoice created in a previous financial year, create a new invoice with the old date and set the Account to 'Retained Earnings'. In this way the invoice will not show up in the Profit and Loss report. Record the invoice payment as normal.

I hope this helps - let me know if you need more information.

Regards


Posted by Mark McLaren (Solar Accounts) on Apr 1, 2009 5:33 PM BST