Forward dating invoices

12-Sep-2018 17:48

I'm doing some computer work for a company that future-dates invoices in Quick Books.

I'm not an accountant, and wonder if that's legitimate accounting practice. Someone told me that SAP software won't even let you do it (but that could be wrong).

Clients get an invoice for the full amount with an invoice date of the speaking date, and pay installments.The other way this could be handled is to book a journal entry in April (debit expense, credit accruals) once we either know the amount of the bill, or can estimate the amount of the bill.Then when the bill is received, debit accruals when the bill is entered. Am I missing something, or does Quickbooks really not provide for a different expense date other than the bill date?I’m the manager at a branch location of a family owned retail garden center.I wanted to ask if you had any advice a situation that I came across recently involving a candidate who I had decided to hire.

Clients get an invoice for the full amount with an invoice date of the speaking date, and pay installments.The other way this could be handled is to book a journal entry in April (debit expense, credit accruals) once we either know the amount of the bill, or can estimate the amount of the bill.Then when the bill is received, debit accruals when the bill is entered. Am I missing something, or does Quickbooks really not provide for a different expense date other than the bill date?I’m the manager at a branch location of a family owned retail garden center.I wanted to ask if you had any advice a situation that I came across recently involving a candidate who I had decided to hire.Many people ask us if we can issue an invoice that is dated a few days before or after we would normally do so.