Our FY starts tomorrow. I do not have as yet a trial balance from the accountant but I do have a batch of PI's that are not paid yet. My question is does it matter if I enter these via o/b wizard one by one. Or as batch invoices for each supplier as you'd usually do.
Will try to answer my own question. Am I right in assuming it wouldn't matter as long as I put date 30/04/13-last day before new FY start?
Another related qustion if I may. I have hundreds of unpaid Customer invoices(three nurseries full of children) that I am going to try to map on Excel ready for Sage import. Again am I right in thinking if i input date as 30/04/13 they will automatically be rolled over as o/b's for respective customers? many thanks
You can enter the invoices at the actual date of the invoice. This means when you run aged debtors and aged creditors moving forward you will have the correct ageing. You need to use the OB button or if you use the batch invoice screen you need to ensure the nominal code it 9999 and the tax code is T9. Unless you are using cash accounting for vat and then the outstanding invoices will need the relevant tax code.
