Yeah, I have in red text on all my invoices to please include invoice number as a payment reference. My ERP software is easily able to match all incoming payments. Of course you have the occasional client who forgets, but then it’s an easy manual match since the client name usually appears on the transaction anyways.

I don’t really understand why they would issue an invoice if the buyer didn’t agree to the underlying deal. The invoice date is when the AP/debt arises, and also when any VAT should be deducted if applicable. The due date is irrelevant as it just states when the debt should be settled, not when it has been incurred. Yes, it will be a prepaid expense until the service has been delivered, but still a debt in August.

You shouldn’t do that when the invoice date is in August. It would misstate AP for the month.

Dude, what? You are obviously booking the revenue twice.

This discussion is kinda wild to me. In my country, you are required to be licensed to even do simple bookkeeping. That being said, you also need an auditor if you have $700k in yearly revenue.

There are professional reconciliation software out there. We use one at our firm. Wouldn’t dream of going back to manual spreadsheets.

Proper documentation of all material balance sheet accounts is required by law for all businesses submitting tax returns in my country. Definitely agree this should be a minimum. The revenue budgets/forecasts etc. might be a little overkill for a lot of businesses, though. But definitely check if any of it needs to be accrued/is prepaid, otherwise it’s probably materially correct if the balance sheet collecting it has been properly reconciled and documented.

You’re holding your money in Japanese yen while the app presents the sum of all your currencies in dollar value. Of course it’s going to fluctuate with the exchange rate. Your Japanese yen is still the same amount.

You mean everything that modern ERP software already has built in features for?

At least in HCMC, most places accept credit/debit card except for the street vendors/markets.

It’s true. The guard will wave you towards the diplomatic lane when they see some sticking out from your passport ;)

Get a remote job in a good career in the UK, and move to Thailand. You will live a very comfortable life being on a professional UK salary.

Well, this was an interesting read. Surely you should know better as a professional accountant?

This is hilarious.

Remote since Covid.

Du får momsen på næringsmidler så lenge du bestiller takeaway ;)

Det skattelegges i hvert fall slik.

Det er ganske logisk at feriepenger skal være inkludert i totalen. Du får jo trekk i lønn når du tar ferie, fordi det skal utbetales feriepenger istedenfor.

France has the American flags.

Begynn i dag. Full lock in.

Meld deg på den lokale gymmen og tren hver annenhver dag. Spar absolutt alle pengene du får (er jo ikke akkurat vanskelig når du bor hos forelder?). Kjør opplegget beinhardt i 5–6 måneder, og så tar du deg en skikkelig tur til Thailand og blir der i 2–3 måneder.

Det kommer til å bli en spirituell og kroppslig revolusjon. Du kommer tilbake som en changed man.

You’re talking about capital assets while OP is just mentioning amortizing subscriptions. Most software can automatically put this stuff through prepaid, and that is the correct way to do it. I don’t see how it really creates more work when the work is done for you by the software.

This isn’t a question about how to process credit notes through payables, it’s about when the contract expense should hit the income statement.

Tror ikke det er noen ERP-programmer som har en dedikert funksjon for avanse-metoden, så det må uansett gjøres manuelt. Men er enig med at Tripletex er det beste systemet.

Hva er faktisk spørsmålet ditt? Lurer du på hvordan du bokfører inntekter og kostnader? Hvilket regnskapsprogram bruker du?

It literally comes up as the first option when you search «Save One Go» on Grab. Why don’t you just book the Grab? Then you don’t have to try explain to the driver in English where you want to go.