Settings and activity
4 results found
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62 votes
Hi everyone, we understand why people would want to be able to apply a credit note within a locked period however we wanted to provide more context on the purpose of lock dates and reasons for the way they work at present.
Basically put lock dates prevent users making changes to the accounting records prior to the lock date. Their role is to prevent unintended changes which would alter reporting outcomes be they financial reports, VAT/GST/Sales Tax reports etc. Lock dates ensure financial data is accurate and trustworthy.
When a credit note is allocated to an invoice the allocation date is dated the later of the two documents, the first day where both exist. Credit note allocations require creating journals on both a cash and accrual basis, which is why if both the invoice and the credit note are in a locked period, the allocation can’t be done. Those journals…
An error occurred while saving the comment John Pugh supported this idea ·
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31 votes
An error occurred while saving the comment John Pugh commented
I agree.
If a client agrees to receive future invoices (including repeating invoices) as einvoices the process should be seamless.This suggestion seems a good way to achieve that.
John Pugh supported this idea ·
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390 votes
John Pugh supported this idea ·
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85 votes
An error occurred while saving the comment John Pugh commented
99% of the invoices I send are repeating and I would like to encourage my clients to adopt einvoicing.
Not being able to send einvoices from repeating invoices means that I can't lead by example or demonstrate to my clients how it works in the real world.
John Pugh supported this idea ·
I agree that a solution needs to be found for this. Surely any foreign currency adjustments could be handled in the current period (or provide the user with instructions on ways to resolve the issue).
In most cases I see no reason for the need to unlock any locked periods because everything is happening in the current period.