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Post Info TOPIC: Cancel an invoice in a prior year
CountryGirl


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Cancel an invoice in a prior year
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Hi,

 

I need to cancel an sales invoice in a prior year as it has been duplicated, however the year end accounts have already been finalised... what is the best way to do this in Sage? If i post into the prior year it will affect the balance sheet and the P & L :( so the management accounts for the prior year will be wrong. The invoice in question is approx £6000.00, net. Many thanks,

 



-- Edited by CountryGirl on Monday 22nd of April 2013 03:01:53 PM

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Robert Pearce


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If the year end accounts have been completed and signed off by the client, then the simplest thing to do is to post a dummy sales credit note in the current year.



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Pearce & Co - Chartered Accountant and Chartered Tax Adviser 

www.pearceandcoaccountants.co.uk

These comments are outline only and are not a substitute for specific professional advice.
CountryGirl


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Thank you, I thought that was the only option available.

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