Hi
It is many years since I worked in management accounts but I was roped into doing the annual accounts for a friends flat management company (12 flats in
1 block) All is straight forward except that the accounts for last year show a £120 management charge and a £30 filing fee that were never collected. In this years accounts I have shown them as positive expenditures in the P&L and as fees not collected in the balance sheet. I am happy enough with the balance sheet but the P&L seems messy to me. Any ideas if I did the correct thing? Thanks
Michael