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??
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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??
*This post is locked for comments
Hi,Leslie,
Thanks. That is helpful.
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
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