07-30-2012, 01:17 PM
I just started doing bookkeeping for a restaurant using quickbooks and I have a question about what date I would post for utility bills. When entering the gas bill in enter bills, the previous bookkeeper would enter the billing date in the date field. For example, if we received a gas bill with a billing date of July 6th that consisted of meter readings from May 25th to June 25th she would enter 07/06/2012 in the date field when entering the invoices. In becoming more familiar with the accrual basis of accounting I understand that expenses are matched to the accounting period in which they are incurred. So with this in mind would I use an invoice date of 06/25/12 for this bill due to the fact that the meter reading were up to June 25th (the date up to which expenses were incurred)?