I issue 3 invoices for a single order, one is for an advance payment, one is issued on delivery and the third one month after delivery. I don’t know how to best account for these to ensure they appear in the correct accounting year. The total value of the sale should be accounted for in a single accounting period as determined by the delivery date.
I’m thinking that the 1st stage invoice should be tagged to something like Advance Payments and Accruals, but can’t see how to do this. Maybe I need to create a journal to move it from General Sales to Accruals? When delivery is made a reverse journal can move it back to General Sales. Could this work?
And how can I account for the 3rd stage invoice if the invoice date is after the year end?