Hi Thank you in advance for your help Y/E 31st December 2010 I am having trouble working out what to enter as an accrual for this bt invoice; BT invoice 2nd Jan 2011 TelephoneUsage period 29 Nov - 30 Dec 10Rental Period 1 Dec - 31 Dec Usage charge £14.99Recurring charges £14.99Less adjustments - (£25.00...
Hi all. Currently going over the books for 11/12 eoy for a partnership. (Simple analysed cash book on excel is used) I'm gathering the accruals, pp's and creditors together for the accountants and have come across something that has thrown me. With petty cash and sometimes larger purchases the ow...
I can't get my head around this - we have invoiced our customers in October for an annual insurance but not received our invoice until January. My boss told me to accrue for it in the Oct, Nov, Dec management accounts. i accrued the full amount at the end of every month and reversed it the following mon...