I was preparing the final payment run for May yesterday.The payment remittances were generated by our software system with a 31/05/2019 date.
However, since i am not in the UK(my position is outsourced ) and there was a flood in the factory that i work (all of the computers were shut down and there was no access to internet in the afternoon) , i was not able to send the online payment file with the supplier payments to my colleagues in the UK that day.
Will there be a problem that i will be sending the file Monday morning ? Since the name of the online payment file is named 31/05/2019 i will enter the payments in the cashbook for May with that date and not with a 03/06/2019 date (Monday) for June .Since the authorization date ( time ) for each payment is different (on the date posted column of the cashbook is shown the date on which the payment has been released by the bank- in the prevoius months despite the fact that the online payment file is from the 30th of the month,all of the payments from the file were released (posted) after that date ),i guess that will not be a problem?Will all of this cause any problems when it comes to matching the bank receipts ,cashbook entries,cash postings in the software system ?
This is the first time that the date of payment remittances summary report generated by our software system is not the same as the date i sent the online payment file my colleagues in the UK.
i am asking all of this, since i do not have acces to internet banking and my CFO is entering the online payment file in the internet banking
Hi This is a forum for UK based professional bookkeepers and Accountants to swap information.
I take it you are a bookkeeper? If so please provide an intro. We always ask newbies!
Usual stuff - what prof body do you belong to, do you work for yourself or in a practice/ firm, are you a bookkeeper or accountant, what qualifications, how long in role, where up to in your studies-what exams passed/with what body/in midst of doing, where based, what you did before this role? That sort of thing. Helps get to know you but also how best to pitch answers.
Also - not sure why you have entered 'none' as your first name on your signature bar profile - please can you change that to your first name (edit profile - signature section)
Edited - I could see you were online for a while after I posted this. If you do not wish to provide the info I suggested, I can only suggest you speak to your CFO. The date of 31st is now incorrect for the bank payments/cash book entries, although doesnt make a massive difference for remittances unless it specifically mentions the date the payment is expected to land.
-- Edited by Cheshire on Saturday 1st of June 2019 02:42:08 PM
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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
