Question: How To Handle Past Years Transactions That Carried Over Into New Year On Treasury Report?

Our fiscal year for 2020/2021 was 7/1/20 thru 6/30/21. However many checks or owed funds were not transacted until July/August of 2021. These now fall in the new fiscal year of 7/1/21 - 6/30/22. ex. a check written out to an organization in March of 2021 was NOT cashed for whatever reason until 7/17/21, dont ask why. How do I record these transactions in my monthly Treasury Report? So either my 2020/2021 year will now be off or my new 2021/2022 year will be off. How should I handle these? Any and all help greatly appreciated.

Asked by RolandoD



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