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.
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).
Article ID: 329
Created On: Wed, Jun 13, 2012 at 2:47 PM
Last Updated On: Mon, Jun 19, 2023 at 4:37 PM
Online URL: https://kb.datafile.co.uk/article/cash-accounting-and-forward-payments-329.html