5. For invoices, we may not choose to make the payment to the suppliers if there are disputes with the supplier over certain issues or that the invoice was lost somehow till we receive it at a later time. How do we address this? Let's say we are invoiced on 31 Jan 2021 and after resolving the outstanding issues with the suppliers on 1 April 2021 and we arrange for the payment on 21 April 2021, how do we make the postings as such? We would need to accrue for the expenses at 31 Jan for the items that we had purchased and by 1 April, the problem was resolved and payment was made on 21 April.
