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Invoice dates - Accrual vs actual

My company uses the accrual method of accounting. Up until working here, I had always worked with the cash basis. My question is when entering invoices, do I use the date on the invoice, or the last date that the invoice covers. We do have bills that we pay "in advance" like cell phone, but then others like electric and internet that are billed after the usage. I have always entered the bill as of the invoice date, but made note of the period covered. Which way is the correct way?

Answers

Len Green
Title: Performance Improvement Consultant and E..
Company: Haygarth Consulting LLC
LinkedIn Profile
(Performance Improvement Consultant and ERP Strategist, Haygarth Consulting LLC) |

Anon
What ERP/Accounting system do you use? What dates does it offer for AP invoice entry- invoice date, posting date (usually today)?
Are you trying to enter the invoice into the accounting period to which it relates, or are you trying to do an accrual because you lack the invoice?

As for cell phone bills, aren't you prepaying only certain charges anyway?

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