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General Accounting Discussions: recording and invoice for revenues 4 months later

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    • CommentAuthormayralee
    • CommentTimeSep 26th 2007
     
    Can I invoice going back to may or do i have to do a journal entry
    • CommentAuthorfizzy77
    • CommentTimeSep 28th 2007
     
    i gained my accounting knowledge from a 7-year work experience. So please correct me if I am wrong...

    1) if you just want to send an invoice - you just have to put the current date and state your invoice per the actual date in the past when the services/products provided then send the invoice...

    2) for journalising: as accounts are close on a monthly cycle (UNLESS you are just starting a new system where you can enter all your available old dates to setup your accounting system) - you just have to enter your invoice in your current month and state the past dates in your description...

    Like I said - I have no formal/university degree of accounting, but I never heard of financial statements reports that you can tell your CEO that you would like to go back 4 months backward because you forgot to include invoicing 4 clients? Sorry - I am a NEWBIE too ....

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