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Thread: Processing Supplier Invoices from Previous Year - Pastel Express V11

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    Processing Supplier Invoices from Previous Year - Pastel Express V11

    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

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    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.

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    Thank You Krono9 for your response

    I was leading towards this option

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