Another improvement to our accounting software based on feedback from our customers:
It’s come to our attention that when an invoice is automatically created in KashFlow for a sale made via PayPal, the invoice was being dated with the day the invoice was created – not the day the payment was received. Usually these would be the same dates – apart from backdated transactions.
This can cause problems for accrual-based VAT returns.
We’ve now corrected this so that the automatically created invoice is dated the same date as the payment. The same applies to purchase receipts.