I have a small number of bank transactions that have not been uploaded from the previous tax year (company tax return has been file). They include expenses, payments from merchant accounts and salary payments.
I understand may be able to account for these transactions in this years accounts and do a PYA?
If so how can this be done in Quickfile? do i upload the missing transactions with the prior year dates, then tag as usual?
Not sure that will work as it won’t let you add invoices for dates prior to a locked accounting period. What you may need to do is unlock the period add them all. Then run a report and compare the differences to what was filed.
Then when you submit your next set of accounts include the corrected balance sheets for the prior year comparatives and add back the missed expenses to your current accounts p and l.
Great. That makes sense!
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