Recent content by Ina Ivanova

  1. I

    Accounting for contracts

    Hi michaelmc, As I'm not sure exactly what are the specifics in your case, you could check UITF40 appendix 1 at HMRC's site (can't post links yet, sorry), part 3 includes questions and answers that might be useful to you. I.
  2. I

    Accounting for contracts

    Hi there, I think you should accrue the income. You'll get the contractors' invoices and pay monthly, and this expense WILL go on the P&L. Just accrue the part of the income that relates to the month. If I'm wrong, please someone to correct me :redface: I.
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