Kindly assist me on the purchase invoice.
i noticed that only we make payment to the invoices it reflect profit n loss statement.
I received a invoice dated current month n i will b make payment next month only so the invoice should b reflect in purchases in profit and loss.
my double enrty will be when receive the invoice
DR PURCHASES OR EXPENSES
Kindly assist me hw to make sure the purchase invoices are reflect in pnl in correct period.