Holding deposits

[Suzie_Homemaker]

Thanks Suzie! I thought that is what I read. I've been doing it wrong, hopefully won't cause an issue!

So just to clarify, if payment is Dec 25 for 2 weeks, than we should be claiming only until the 31st and the remainder the following year?

Yes. This what I do.

My client pay bi-week in advance. Fees paid on Monday 28th Dec cover until Friday 8th Jan. Tax receipt for 2015 will include 28th-31st fee and rest apply to 2016 receipt.