- Original Poster
- #1
Hi
I usually submit 2 spreadsheets to the accountant at yr end, One for payables and other receivables. I run a franchise where we get credit for some stock we buy from our franchisor...it's actually just deducted from what we actually owe them every month.
Now I have been including this credit on the receivables spreadsheet ...but not in the column headed " sales " but under column headed "sundry receipts"
My question is would my accountant be including this column in with sales or with it being a credit then does this not class as income ?
Sorry if this is a stupid question but accountants away for 2 weeks and I thought a bit of expert advice from here wouldn't go a miss
Cheers
Joop
I usually submit 2 spreadsheets to the accountant at yr end, One for payables and other receivables. I run a franchise where we get credit for some stock we buy from our franchisor...it's actually just deducted from what we actually owe them every month.
Now I have been including this credit on the receivables spreadsheet ...but not in the column headed " sales " but under column headed "sundry receipts"
My question is would my accountant be including this column in with sales or with it being a credit then does this not class as income ?
Sorry if this is a stupid question but accountants away for 2 weeks and I thought a bit of expert advice from here wouldn't go a miss
Cheers
Joop
