[Question] Processing Supplier Invoices from Previous Year - Pastel Express V11

[Debbie Mitchell]

Hi

I have just received a supplier invoice today (17.04.2020) for the 05th Feb 2020 for an amount of R 3647.80 - I have rolled over already.

I am wondering what would be the best way to process it (we usually process incoming Tax Invoices as supplier invoices using a GL Code):

Should I just process it through the bank using a GL Code (it will be paid today) or should I process it through a supplier journal entry as 'last year', we are VAT registered I assume that the figure will be carried over to the VAT Control Account and I can claim it in our next return.

I have read that one can process it as a supplier invoice on the day you received it but I am not sure if this is advisable or necessarily the correct accounting procedure.

Any input would be appreciated.

TIA

[Krono9]

I would do it through supplier journal in last year mode. Just make sure you select the correct tax type on the journal line item.

[Debbie Mitchell]

Thank You Krono9 for your response

I was leading towards this option