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Posted Tue, 19 Jan 2021 14:15:24 GMT by GGPlaster
When I am making my records I put down the date of the (outgoing) invoice for my incomings (rather than when I get paid) and put down the date I receive an expense invoice (i.e the date on the invoice) rather than when I pay the invoice. Is this cash basis or traditional accounting?
Posted Tue, 26 Jan 2021 13:54:39 GMT by HMRC Admin 2
Hi,

This is traditional accounting.

For cash basis see:

Cash basis

Thank you.

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