Old check to employee on Accounts Payable Aging

(0) Share

Report

Posted on by addision1

323

I have an old check from a previous closed year that was written from the operating checking account to an employee. The check should have been from the payroll checking account but was not.

The check shows on the aging. What should I do to remove this from the aging in the current year?

*This post is locked for comments

I have the same question (0)

All responses (2)

Answers (0)

Suggested answer

npanchal on at

Like (0)

Report

You can Void the check if entry posted is incorrect.

Was this reply helpful? Yes No
addision1 323 on at

Like (0)

Report

But this is for a previous period. Won't that affect the cash on the financial statements and be against accounting guidelines?

Was this reply helpful? Yes No