Correct errors in next accounts

Accounting
1

Dear Guys,
how to correct errors from previous accounting year already submitted to CH and HMRC.
My client forgot about one important invoice.
Is that good idea to just journalise them with date of current accounting year ?
Thanks a lot for any ideas :slight_smile:

2

Hi @Kajutka26

We’ll certainly try to help :slight_smile:

Can I just clarify what you mean by:

Do you mean that a client has forgotten to pay an invoice during that period, or something else?

3

Invoice hasnt been put into accounts. Now we need to include this error in current year.

4

What I think is:

  1. post current year TB figures (before amendment)
  2. Enter omitted transaction in previous year
  3. Then post correcton in Accounts Production software PYA Dr / Creditors Cr
5

Ok, so you have a sales invoice missing from the previous year?

Was this invoice from an external system or is it just a case of simply forgetting to invoice a client?

6

This is purchase invoice not sales.

7

What you’re suggesting here should be fine. However, I’m not an accountant so I certainly recommend running it past yours to be certain this is correct.