AP Trial Balance Posting Date Problem
AP Trial Balance Posting Date Problem
(OP)
Someone here entered a large number of AP Invoices with a posting date of December 3, 2008.
Then they issued checks against them with a posting date of November 30, 2008.
Sounds pretty trivial to me, but the beancounters here are really upset and want this fixed somehow so that the payments are not in a period before the invoices.
Any recommendations? I would appreciate it.
Then they issued checks against them with a posting date of November 30, 2008.
Sounds pretty trivial to me, but the beancounters here are really upset and want this fixed somehow so that the payments are not in a period before the invoices.
Any recommendations? I would appreciate it.
RE: AP Trial Balance Posting Date Problem
RE: AP Trial Balance Posting Date Problem
About $800,000 worth of invoices. Most of the invoices with December 3 posting dates had November invoice dates. So most likely the mistake is in the invoice posting date, not the check posting date. Probably all. Checks were actually issued in December, with posting dates in November.
We've had a lot of temps and new people.
I don't know what they plan to do.
RE: AP Trial Balance Posting Date Problem
I used to fix this all the time when my AP clerk didn't understand the matching principle so there were timing issues non-stop. Issues like this will cause a mismatch between your AP Aging reports and the AP account in the General Ledger. Issues will also come up when reconciling the Bank Reconciliation module with the cash account in the General Ledger.