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

[prcoop]

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

[jjlandlord]

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.