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Throughout the year, I pay advances for electricity & gas (e.g. for 2024).
At the beginning of 2025, I receive the final bill and get money back.
Do I enter this in the accounts for 2024 or 2025?
Throughout the year, I pay advances for electricity & gas (e.g. for 2024).
At the beginning of 2025, I receive the final bill and get money back.
Do I enter this in the accounts for 2024 or 2025?
This relates to 2024, so I include it as an expense in 2024.
How can you enter this in the 2024 financial year if the invoice or credit note is dated 2025? Dexxter does not allow you to enter an invoice or credit note dated 2025 in the 2024 financial year (unless you enter the date of the invoice or credit note incorrectly, e.g. 31/12/2024, but that is a criminal offence because you are falsifying an official document).In my opinion, enter it as a credit note on the date of receipt/dispatch, i.e. 2025.
You really should try it out for yourself. Even if you don’t have a company number yet, you can already go ahead.