Hi,
I have taken over the accounting function for a local club from another and am using your software for the first time.
How do I record payments made in the current year and showing in this year's bank statements, but which relate to expenses incurred in the previous year please?
Likewise how will I record payments made next year which relate to expenses incurred in the current year?
Many thanks,
Louise
Hello Louise,
The simplest way to record purchases which you don't immediately pay for is to record a Purchase Invoice:
http://www.solaraccounts.co.uk/help/how-to-record-a-purchase-invoice.php
When you make the payment, record a purchase invoice payment:
http://www.solaraccounts.co.uk/help/how-to-record-a-purchase-invoice-payment.php
In your case you will need to enter purchase invoices dated in the previous financial year, then record the payment in the current financial year.
Regards,
