removing prior year bill pmt check and bill from books
US QuickBooks Premier : 2011: Accountant
How to void bill pay check from prior year and cancel prior year bill in payables
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WHJCPA1
Questions asked: 22
Questions answered: 35
Points earned: 96
Questions answered: 35
Points earned: 96
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03/03/11 6:19pm PST
Viewed by asker 03/24/11 7:45am PDT
Viewed by asker 03/24/11 7:45am PDT
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jamesray50
Questions asked: 17
Questions answered: 135
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Questions answered: 135
Points earned: 360
Certified ProAdvisor
Certified ProAdvisors have successfully completed an extensive and rigorous QuickBooks certification program.
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03/03/11 11:54pm PST
Some things to consider before doing this. If the tax return has already been done you cannot do this because the expense has already been recorded and it would change last years figures. You also cannot do this if the check has cleared the bank, but I'm guessing it hasn't or you wouldn't have asked this question.
Why do you want to void this check and payable? Is it a duplicate? If none of the above apply, to avoid, first find the check in the check register, double click to open the check, go to edit and void check. Then go to enter bills, find the bill, go to edit and void bill.
03/24/11 7:45am PDT
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In addition make journal entry in prior year to maintain the same tax return detail and reverse je in current year. Amend tax return if material amount involved. I would like an automated feature to do this.
