If an invoice is OPEN and its posting date is Aug14 can I void it in Mar15 without causing a discrepancy between the GL and the AP Trial Balance? Year 2014 is not closed yet. Thank you.
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Lina, what was the final resolution to your issue - it would be nice to know which of the suggestions and what action you took to resolve this matter.
The issue is sorted. Thank you very much for helping!
Bill,
Yes I agree after 3 page thread its difficult to track it :-) . I suspect the GL is not got affected after the post so I suggest to run financial reconcile might fix the issue. GL balance is on higher side.
Babu I have lost track with this thread, but where is the varience? If she has a problem with unposted Payables, should you run Reconcile in Payables as well.
Lina,
Are you able to go to the following utilities under financial.
Financial >> Utilities >> Financial >> Reconcile
Hi Babu,
Thank you very much for your prompt reply.
Yes, the invoice was posted in Aug14 and voided in Mar15. Aug14 was closed at the time of voiding but 2014 was open. We do not run Reconcile to GL here and I am a bit anxious of doing it. Can there be any implications? I could not find this option in GP, we might not even have it as we are using an opd version. Is there any other way of fixing the problem?
Thanks a lot.
Best regards,
Lina
Hi Lina,
Please confirm the following.
Original invoice posted Aug'14 which is FY 2014 and you voided Mar15 which is FY 2015. If this is the case you might have closed the FY14 already, please run reconcile of financials. Since the AP TB shows less that look fine and financial only need to be fixed. So run the reconcile the financials and let me know whether the GL balance changed.
Hi Babu,
I tried the Aged Trial Balance with Options but I can't match the figure I am getting with the GL. The TB shows $978,057.97. We always run the Historical Aged Trial balance and we run it for the period we need - for example I voided the invoice with March date and I ran the reports for Jan-Mar15 and for Mar15 only - both of them showed a discrepancy equal to the invoice in question. Do you think there is no actual discrepancy and the variance I see is due to the dates selected on the report?
Thank you very much.
Lina
Hi Lina,
I think you are trying to print Historical Aged Trial Balance what did you selected for Print/Age as of have you put current date. Have you tried to Aged Trial balance with options also and select Age as of current date. Please try this and let me know.
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