Question asked by Mark Heaps 10 years ago
Is it possible to set the accrual date by invoice line rather than globally for the whole invoice? This would be useful as I regularly do jobs which span months but invoice for the total rather than month by month. Being able to break it down to lines would enable me to keep my P&L accurate while not having to raise separate invoices to a customer.
Hi Mark - Some of my clients bill months in advance and so, rather than use the fees or sales revenue accounts, they put the revenue to a "other creditors" account called "Deferred income" and then generate a recurring journal entry (Tools menu) to debit this account and credit fees every month.
For example if I billed a client £600 for 6 month's work, I'd create a recurring journal entry to debit deferred income and credit fees with £100 for 6 months.
Best answerHi Mark,
Unfortunately not, though I can see how that would be helpful. I will add it to our customer suggestions area for consideration.
Hi Mark - Some of my clients bill months in advance and so, rather than use the fees or sales revenue accounts, they put the revenue to a "other creditors" account called "Deferred income" and then generate a recurring journal entry (Tools menu) to debit this account and credit fees every month.
For example if I billed a client £600 for 6 month's work, I'd create a recurring journal entry to debit deferred income and credit fees with £100 for 6 months.
Best answerHi Paul, thanks for the suggestion, that does make sense. In my world though the situation is more likely to be that I've done 3 weeks work that happens to cross an end of month rather than an ongoing contract over a longer period of time. While the same logic would still apply it seems like a bit of a faff for someone who is, by self admission, pretty rubbish at doing their accounts!
Oh I see - yes too fiddly. I've been doing accounts for over 40 years but I'm still "in practice" so not there yet!
You must 