Invoices to be established: operation and accounting


Under the accounting principle for the independence of financial years, any delivery of goods or services must be invoiced during the financial year in which it takes place. However, a time lag sometimes exists. The invoices to be established are there to remedy such a situation.
What are the invoices?
In the course of its business it is common for an undertaking to face a situation in which a supply of goods or the performance of a service takes place during a financial year when the invoicing takes place during the financial year.
In terms of accounting, this time lag is inconceivable. Therefore, in the same way as there are deferred revenues to record the products collected before delivery or service, there are invoices to be established for products not billed while the delivery or the service has already taken place.
Most often, the invoices to be drawn up are recorded but also recorded at the end of the financial year, that is to say when the company carries out its annual accounts.

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