Hello everyone,
I have a few invoices with an invoice date at the end of 2024 that apply to 2025 (e.g. for fire and car insurance). How can I allocate these costs to a financial year other than that of the invoice date? I searched through the accruals (Costs to be carried forward), but couldn’t find them straight away. Thank you in advance. Kristien
You can still enter those invoices you have in the 2025 financial year.
vg,kurt
And what do you do if the due date for the payment of your BA Ondernemingen insurance is 31/12/2024 (in other words) if you are not paid for the 2025 financial year, you won't have any cover for a few days. The invoice itself is dated from early December 2024. I made the payment on 31/12/2024 and also entered it as an expense in 2024 (because in the 2025 financial year I cannot enter expenses with an invoice date of 2024).
You can always enter it in 2025.
"Suppose that in your case, the supplier creates an invoice on 31/12/2024 in the 2024 financial year and sends it on 7/01/2025."Thanks KM. I've found it now. First enter it in the 2025 financial year and then transfer it as a negative invoice to the 2024 financial year via Reports / Income & expenses / Manual input. Then re-enter it in the 2024 financial year via Reports / Income & expenses / Manual input as a positive invoice transfer from the 2025 financial year.
You really should try it out for yourself. Even if you don’t have a company number yet, you can already go ahead.
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