I'm trying to void a bill and bill payment from a closed period. I made a journal entry to mirror the bill and bill payment so this doesn't change the FS. I went ahead and voided the bill and the bill payment. Now what do I do?
Why parallel the data with a journal entry? Why not just leave the original transactions? Especially you leave the bill payment, if it cleared the bank.
If you need to address the values in the expense(s) account and the bank, in the current period, you can do this with a Make Deposit entry, to the bank, and the "from" account would be the expense account(s) used originally.
If you need to correct this for a specific Vendor name, then use a Vendor Credit and enter the data, dated current, that reflects the original data (or to whatever account you want to track this adjustment into). Then, on the Expenses tab, post to the bank account for the same amount. Re-calc the bill. It is $0. Bank is updated. Expense accounts are "reversed."
