Supplier credit note received after year end had been completed and books closed

Question

Ive received a credit note from an energy provider for invoices posted in last financial year, which has been finalised several months ago. How do I treat this? For if I post with current date, it affects my p & l this year incorrectly, If I post with previous year invoice date, it will affect the year end figures. The sum is &pound;2,400 so would be considered material. Help?

Andy Rickeard · Answer

Hi,

Thanks for using Sage City.

With late entries we recommend the steps laid out in the following Knowledgebase article: Open the Late Entries article > see the section about posting late entries after finalising your accounts.

I hope this answer helps, if it does, please click More > Verify Answer.

Regards

Andy
Sage UKI

Sage Accounting UKI

Supplier credit note received after year end had been completed and books closed

COMMUNITY

COMPANY

PARTNERS

SUPPORT & TRAINING