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H
Handson
June 7, 2021
Question

I have an expense in 2021 which relates to 2020 how do I create the creditor for 2020

  • June 7, 2021
  • 1 reply
  • 0 views

How do I create a creditor from a current year expense that has been paid but relates to the prior year. I am doing year end for the first time.

1 reply

A
Ashleigh1
June 7, 2021

Hello Handson, 

 

Welcome to the Community page, 

 

The issue you have an expense this year but the money going out is for last year? was it a bill? or an immediate transaction? eg an expense you are paying off something you got from a supplier? If the account has not been reconciled then you should be able to match it if you have created the expense manually. 

H
HandsonAuthor
June 7, 2021

Its a manual expense straight from the bank. I have reconciled the bank. I think I need to do a journal for 2020 creditors but am not sure if this is correct.

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