I received an unidentified payment in March
I have now, in April, the new financial year, identified the payer and need to generate an invoice. I will use the tag button. If the invoice is dated in March will it be listed in the March sales and alter the balances for the year?
Thank you.
The invoice will count in the P&L for whatever year you choose to date it. If you create an invoice as part of the process of tagging a bank payment then I believe the default behaviour would be to set the invoice date to the same as the payment date but there’s nothing to stop you editing the invoice and changing the invoice date if that makes more sense, for example if the goods were delivered or the service was provided in April.
It’s perfectly normal to find additional entries that belong to the year that has just ended, nothing is final until you’ve run your year end process and submitted your tax returns, which is typically months after the actual end of the year.
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