Microsoft Dynamics GP

post date for applying payment to invoice

Home » Microsoft Dynamics GP » Microsoft Dynamics GP Forum » post date for applying payment to invoice
Related Search Results

Microsoft Dynamics GP Year-End Closing Process – Part I

by Anonymous
on 31 Dec 2009
  • 0 comments

5 Things You Can Do All Year Long to Make Your Microsoft Dynamics GP Year End Close Easier

by
on 26 Nov 2012
  • 0 comments

A Few of Our Favorite Things in Microsoft Dynamics GP 2013

by
on 20 Dec 2012
  • 0 comments

post date for applying payment to invoice

This question is answered
Vivi
Posted by
on 20 Mar 2013 7:31 PM

The year end is in Feb. However, the post date is March when I applied several prepayments to one invoice (all before Feb 28). Does it affect the year end report and closing?? 

.PDF
Verified Answer
  • L Vail
    Posted by
    on 21 Mar 2013 2:27 AM
    Verified Answer
    Verified by

    Hi Vivi,

    The apply itself does not generate an entry, it does, however, impact the historical aged trial balance. The historical aged trial balance will consider the invoice paid according to the apply date.

    Kind regards,

    Leslie

    Leslie Vail, CPA, MVP, MCT, MCITP, MCP, MCITS
    ASCI, Inc.    *    PO Box 600965   *   Dallas, TX 75360    *   972-814-8550   *   leslievail@earthlink.net
All Replies
  • L Vail
    Posted by
    on 21 Mar 2013 2:27 AM
    Verified Answer
    Verified by

    Hi Vivi,

    The apply itself does not generate an entry, it does, however, impact the historical aged trial balance. The historical aged trial balance will consider the invoice paid according to the apply date.

    Kind regards,

    Leslie

    Leslie Vail, CPA, MVP, MCT, MCITP, MCP, MCITS
    ASCI, Inc.    *    PO Box 600965   *   Dallas, TX 75360    *   972-814-8550   *   leslievail@earthlink.net
  • Vivi
    Posted by
    on 27 Mar 2013 6:35 AM

    Hi,Leslie,

    Thanks. That is helpful.