post date for applying payment to invoice

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Posted on by Vivi

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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L Vail 65,271 on at

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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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Vivi 35 on at

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Hi,Leslie,

Thanks. That is helpful.

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