Which year for the invoice ?

[Hedgie]

If I send an invoice out for work done in the last week of March but the payment is not due til 2nd week in april, which year does the invoice go into?

[elainec100@cheapaccounting]

assuming 31/03 year end - it goes in march as a debtor, assuming the work was done in march

[MyAccountantOnline]

If I send an invoice out for work done in the last week of March but the payment is not due til 2nd week in april, which year does the invoice go into?

It will depend on the invoice date - if its invoiced in March and your year end is 31 March it will be a debtor ie amount owing in your accounts to 31 March.

Just to add by invoicing it after March you still have to include it in your accounts but as work in progress.

[Hedgie]

Invoice date was 29th March with payment due date (and paid by :) 12th April.

[Hedgie]

Year end date was 4th April

[MyAccountantOnline]

Nice and easy then - its a debtor ie included in your sales for the year

[elainec100@cheapaccounting]

Year end date was 4th April

rather an unusual year end date?