• Year End carry over

    Client was invoiced May 16, 2019 and paid invoice in full via Interact May 31, 2019 (Year End) . It was not posted by bank until June 4, 2019 (New fiscal year). What do i do for an entry so i can reconcile May and June properly? 

    Thank you 

  • Year End ADJ Entries to Accounts Receivable / Meals ???


    I am entering the Year End Adjusting Entries from the Accountant.  I am almost done.  

    I have one problem left though.  My A/R is out by $0.09  interestingly, so is my Meals Expense account.

    If I could Dr. the A/R and Cr. the Meals everything should be…

  • Year End Adjustments - Corrections to A/P or A/R

    My accountant has requested a series of Adjusting Journal Entries, including adjustments to Payable and Receivable Accounts:

    Here is a sample:

    31/12/14 Accounts Receivable XYZ Inc - Account No. 1205  - Debit - 7592.20

    31/12/14 Accounts Payable                    - Account…