How to account for deposits for advance bookings. Sometimes for events in the following tax year

[Vasile_Pascuta]

Thank you so much for your help by now, Lurch.

I just realized there is a solution from an accountant here…

Recording deposits

Once you get money in advance, tag them to 2102 Other Creditors and once job done move them to Income account

I just need to add 2102 Other Creditors

Adding custom sales categories

You can create additional sales categories. Essentially you first need to create a new nominal account, you can then allocate sales items within your invoices to the new nominal account by clicking on the question mark in the invoice item line, this will slide out a category menu. [image]

Adding a new nominal account

Introduction Adding new nominal accounts is a good way to separate out specific income streams and provide more granular categorisation on your outgoings. Be careful not to go over the top creating new nominal accounts, in most cases you can use one of the existing codes. The current presets are based on accepted accounting standards and it is unlikely in most cases that you will need to elaborate further on these. That said, if you wish to add a new nominal account you are able to do so from …

I hope I understood right.