Accounts Payable

Posted By Elizabeth Schmidt over 1 year ago

I am looking for a work around to void a check in my current accounting period, that pays something in a previous closed accounting period so far back the accounting period can not be opened. What is my JE or work around to void check or to reinstate that invoice to that previous accounting period?

The check is for the current accounting period for an outstanding invoice and in a closed period. The system will not allow me to reinstate the prior invoice.

I appreciate any guidance.

0 Jay Converse Acumen over 1 year ago

Change the date when you reverse the check.
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0 Terry Gair over 1 year ago

Using the current period:

Bank Entry -> Deposit (Dr. to add back amount of check)

Cr some gl account

Then do an invoice in AP to DR "some gl account" shown above in current period.

Redo check.

Effect on "some gl account" is NIL.
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0 Elizabeth Schmidt over 1 year ago in reply to Terry Gair

Hello Terry,

I appreciate this so much. This was for my mother. I forwarded her the information. Can I ask if this will work if this is a very old invoice with no intention of being paid out?

She didn't ask that, it was just more information she had provided earlier
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0 Terry Gair over 1 year ago in reply to Elizabeth Schmidt

This is if you wanted to redo the check. If your want to write the invoice off and you can't go back to that previous period...your out of luck. Only option is to do the Bank Entry. Not sure what you expected if you can't go back to the previous period.
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