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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
  • 1 view

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
Level 14
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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