Hi Mary
Assuming they are immaterial in monetary terms to the last years figures then put them through on the first day of the new financial year and note the date of the actual receipt too. If they are considered material I suggest you speak to your clients Accountant.
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Joanne
Winner of Bookkeeper of the Year 2015, 2016 & 2017
Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.
You should check out answers with reference to the legal position
Whilst Joannes answer is perfect could I also just add to it that materialarity may also be in aggregate.
10k £1 receipts would be as material as one for £10k.
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Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
Thank you both for your replies. The value is probably a few hundreds rather than thousands.
I did consider putting them through dated within the current financial year but hesitated because I figured it would distort the P&L for that month and also because there is foreign currency involved.
Anyway, I think you're right, there's not much else I can do with them and as they are of a small value it will be of minimal consequence. I'll just make sure there is a good audit trail so they are easily identifiable if any questions get asked.
If you are using software, I would post these as the first day of the current year, with a note on the detail that states the actual date - that way they are easily identified
