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The Book-keepers Forum (UK) -> General Book-keeping & Accounting -> prior year correction
Post Info TOPIC: prior year correction
Crina


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prior year correction
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Hi, guys. 

There is a question about correction for prior year transaction. I use Sage 50.

I found there is an invoice posted incorrectly in the last year which needs to be deleted. But I can not simply delete this invoice as it will affect the final balance, plus last year year's financial statements have been made. How can I correct this mistake now?

Thank you! 



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Rhianrach


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I would be tempted to credit the invoice off using the first day of the new tax year as the date, also make a note for the accountant.

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Steve
Crina


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Thank you, Steve. I think this is the best way too.


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