As long as you specify the 12/00 period when you enter the a/p invoices they
will hit that period. If you want to issue a/p checks for those invoices but
the check date is going to be 1/01 then make sure you use a 01/01 check date
when you select your invoices and when you post them they will hit in 01/01
( i usually do not post my new month checks until i have done the previous
months bank rec but it won't hurt if you post them )

Ps: you can physicall close your month and year and still post to December
as long as you designate your group to be posted to 12/00 ( you do have to
take the check mark of the "closed box" in periods.

Shari - Motovario Corporation

----- Original Message -----
From: "Wayne Cox" <wmc@...>
To: <vantage@egroups.com>
Sent: Monday, January 08, 2001 4:02 PM
Subject: Re: [Vantage] Accounting

> At 03:46 PM 1/8/2001 , you wrote:
> >we are entering still for December 2000. We did not close for the
> >month. We are making sure the invoices go into 12/2000. Now some of
> >these invoices are getting paid this Friday. Which will hit the ledger
>
> When you create the AP group, you specify the period that the GL
> transactions will go to. (Should be PO Clearing & Payables.) When you
run
> the checks, that date dictates the period used for the entries to Payables
> & Cash.
>
> >I know my accounting skills are a little dusty
>
> Mine are still in the shrink wrap :) Don't ask me which side is CR & DB!
>
> -Wayne
>
>
>
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>

I have a stupid question but I need to clarify. We have invoices that
we are entering still for December 2000. We did not close for the
month. We are making sure the invoices go into 12/2000. Now some of
these invoices are getting paid this Friday. Which will hit the ledger
1/2001. She is saying this wash my invoices out. But isn't Vantage
Smart enough that it should be able to tell the invoices were for
12/2000 and paid 01/2001. Paying them this pay should not effect my G.L
for December? Right??? I know my accounting skills are a little
dusty but to me this is common sense (or if I am wrong maybe not)

I believe the problem is she does not want to rerun reports but before I
say anything I want to make sure I am right.

Dina

At 03:46 PM 1/8/2001 , you wrote:

>we are entering still for December 2000. We did not close for the
>month. We are making sure the invoices go into 12/2000. Now some of
>these invoices are getting paid this Friday. Which will hit the ledger

When you create the AP group, you specify the period that the GL
transactions will go to. (Should be PO Clearing & Payables.) When you run
the checks, that date dictates the period used for the entries to Payables
& Cash.

>I know my accounting skills are a little dusty

Mine are still in the shrink wrap :) Don't ask me which side is CR & DB!

-Wayne