Re: How to report an expense in 2005 when the invoice date is in2006

"Paul Tammes" <[email protected]> Mon, 22 May 2006 09:04:24 +0200

Newsgroups	gmane.comp.web.sql-ledger.user
Message-ID	<000201c67d6d$f52e5740$850aa8c0@TMOBILE>

Put in a JOURNAL entry for accrued expenses for the december part of cost.
Cost account (P&L) debit, liability account "TO BE PAID"(Balance sheet)
credit.
Reverse journal entry in January, and book whole invoice in 2006 Actual.

That way you have accrual in 2005, actual in 2006.

-----Oorspronkelijk bericht-----
Van: sql-ledger-users-bounces-5NWGOfrQmneRv+LV9MX5uipxlwaOVQ5f@public.gmane.org
[mailto:sql-ledger-users-bounces-5NWGOfrQmneRv+LV9MX5uipxlwaOVQ5f@public.gmane.org] Namens Alina
Silvestrovici
Verzonden: zondag 21 mei 2006 23:25
Aan: sql-ledger-users-5NWGOfrQmneRv+LV9MX5uipxlwaOVQ5f@public.gmane.org
Onderwerp: [SL] How to report an expense in 2005 when the invoice date is
in2006

Hi,

I have recently installed sql-ledger and I am very
happy with it. Kudos to Dieter!

I was able to figure out most things by myself or
with the help of the manuals. However I have
encountered a problem not even Google could help
me with :).

Namely, I typically get invoices dated in the middle
of the month that cover service for the previous
month: I get billed Jan 16th, 2006 for service from
December 1st to 31st, 2005. Now, since I'm using the
accrual method I would like the expense to be reported
in 2005, not in 2006 as it happens when I fill in
Jan. 16th, 2006 for the invoice date.

The obvious fix would be to fill in a December date
for the invoice date, but that seems like a hack.

How do people deal with this problem since I am sure
others have run into it?

--
Alina

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