post late received purchase invoices into closed periods
Ability to post late received purchase invoices into closed periods for accurate vat reporting.
Business often receive purchase invoices late (after the management accounts have been prepared and therefore period's being closed). In order to avoid prior months reporting being changed - confusing directors or lenders, receiving future reports, I would like Xero to be able to post a purchase an invoice with the correct invoice date (for integrity of VAT reporting to HMRC) but to post the expense into the current period that is open, so that the integrity of the management accounts are not affected.
This effectively replicates how Xero deals with late posted VAT transactions - pushing it into the next VAT reporting period automatically.
Neil Atherton
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