Plumbers bill, deposit paid in March, balance paid in April after works completeed

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  • jjlandlord
    replied
    Do you use the cash basis or accrual basis for your accounts?

    If cash basis, I think you account for each payment in the tax year it was paid.
    If accrual basis you account for the whole when invoiced, after work completed.

    Leave a comment:


  • Plumbers bill, deposit paid in March, balance paid in April after works completeed

    Hi

    Can anyone tell me, should I split each payment between each tax year or lump all into one or the other?

    Thanks in advance

    Peter

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