How can I clear some very old vendor bills (2004 and 2005) from payables. They were paid but the payments were not applied to the bill. However, a JE was entered in Sept 2010 to reverse the payable. Bills continue to show up on the A/P Aging?
If a journal entry was made in 2010 to reverse the bills from 2004 and 2005 you CANNOT remove the bills since it will affect the financials. You need to open each journal entry for each bill and enter the vendor name and then go to vendors>pay bills>highlight the bill that was journalized and click on credit at the bottom and apply the credit which was created when the journal entry was prepared. NOTE ----- you will have to do one journal entry for each bill (since you may not enter more than one vendor name or customer name in a journal entry. THEREFORE, prior to correcting the above situation I STRONGLY reccommend that you do a BACKUP first.
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Julia
Specializing QuickBooks accounting through financial statements! www.dbzequalcdz.com Advanced Certified QuickBooks ProAdvisor
