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Cash Accounting and Forward Payments

Datafile Software

Cash Accounting and Forward Payments

If configured for cash accounting, where VAT is accounted for at the point of payment rather than invoice, then although you could enter forward transactions you could not allocate them. This restriction has now been lifted with regards to forward payment transactions; other forward transactions continue to be unavailable for allocation until after the period end.

Cash Book

Cashbook Receipt and Payment entry will also support the allocation of forward payment transactions.

Installation

No installation changes are required, this option will be available on update to Release 5.7 for non-Compact users (Compact users cannot enter forward transactions anyway).

Custom Fields
  • Release ID: 5.7
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