Start Forward dating invoices

Forward dating invoices

If the client pays in advance that would require a JE to set up an accrued liability.' data-inline-edit-type='wysiwyg' data-inline-edit-url='/answers/1530688' id='inline_edit_answer_1530688_body' People come to Accountants Community for help and answers—we want to let them know that we're here to listen and share our knowledge.

However, that throws off the AP aging as bills will show up to be paid earlier than they really are due.

Right now, if a bill is received in May, dated in May, but relates to services provided in April, the Company enters the bill date as April 30, in order to make sure the related expense in April.

So, in any case: Is this a legit accounting practice?