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ReportWe are required by our banking facility to close and report Sales Ledger balances at the end of a calendar month.
The problem we then have is accounting for turnover and VAT for manual Sales Invoices raised by our production facility, that are posted to the Accounts department after the last day of the month. These are then entered into the current open period by changing the Invoice date.
Subsequently our Finance department accounts for sales and VAT in the "correct" month by posting a journal in the General Ledger to accrue for the late invoices. Reporting from GL for turnover and VAT will then accurately reflect month sales. A second GL journal is entered in the following month to reverse the accrual back out of the ledger.
Is there a simpler way to transact these manual Sales Invoices in GP without so much intervention?
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