Hi I need assistance please:
In the previous fiscal year we generated an invoice for USD (in a foreign currency) $1080.04. The client paid the amount via a wire transfer and the invoice in Accounts Receivable has the PAID on it. However, the Accountant said the deposit wasn't posted to the GL. I didn't think that was even possible!~
He now wants us to do an adjusting entry of:
US Cash Account 1080.04
Accounts Receivable 1080.04
However, we don't have an Accountants version of Sage so we can't post into a Linked Account. I don't want to unlink the accounts because it is a foreign currency and will likely create a data inconsistency.
Could someone advise how best to hand this? I appreciate you assistance:) Thanks, Carol