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Hi,
I've trying to reissue a stale dated check from a previous fiscal year. I've reopened previous periods, though I'm having difficulty posting the transaction for the void check. Would anyone happen to know what the best way to approach this situation?
Thanks,
Saleem
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Thank you all for your assistance. I'll elaborate on the situation, one of our vendors realized that they had left a few checks lying around that are now over a year old. I was experimenting in the test company and opened prior fiscal periods in order to void the check that I'd like to reissue. However, when it actually came to posting this transaction I was unable to. I'm hoping this is not an implication of using the test company. The only reason I've been using the test company is to monitor if any complications will arise from this transaction. The error message I get when i try to post the batch is as follows "The stored procedure glpPostBatch returned the following results: DBMS: 0, Microsoft Dynamics GP: 20774. Once again, thank you for your assistance and any more help would be greatly appreciated.
Thanks,
Saleem
I would think the last thing you should do is void a check to a prior period unless you planned to .... geez I cant really think of a good reason, maybe if the payee was payed in the wrong period and you wanted to correct the expense posting, that's all I can think of. Your check simply moved your liability from AP to a credit to cash and that event probably is still in the correct period.
I would advise you to void the check on current date and then re-issue. Net net is simply to extend a prior liability to allow for payment and reconciliation. I don't see where this transaction should effect any prior period as a best practice.
My two cents.
Tim
If the original transaction is in a year prior to the most recent closed year, you won't be able to post it. You can only post to the most recent closed year. If it is in the most recent closed year, what is the error message you're getting?
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