SageForum for UK versions of Sage 50- Help and support.

Hello,

I have just received an electricity bill which is for usage from October 2015 to April 2016. Our financial year end on the 31st March each year. The bill is dated April 2016 and we paid the bill July 2016. Has the accounts have been closed off for the year ending 31st March 2016 how would I now account for this invoice and clear the payment that we have sat on account on the electricity suppliers account.

I would enter the invoice on the tax date provided ie April 2016 which is the first month of the current year.
If there is a payment on account then I would match that against it.

Assuming that the bill is relatively immaterial to your overall profitability for last year, then I would do nothing else.

I imaging that every year is the same in the first month you have a bill for the last months of the previous year so you are comparing like to like year on year.

Thank you for your help.